Niko brings in Plexus to support Trinidad wells

Plexus Holdings has agreed to supply services to Niko Resources (Trinidad and Tobago) for exploration drilling in block 2ab offshore Trinidad.

Offshore staff

LONDON – Plexus Holdings has agreed to supply services to Niko Resources (Trinidad and Tobago) for exploration drilling in block 2ab offshore Trinidad.

The package will comprise Plexus’ POS-GRIP 10,000 psi adjustable surface wellhead equipment and mudline suspension systems.

Plexus’s initial contract, valued at around $1.6 million, covers three wells and starts this summer. Potentially, the number of wells could rise to 10 over a two-year period, lifting the value to roughly $5.2 million.

07/11/2011

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