London-headquartered Gaz de France
Plexus will supply GDFB with its POS-GRIP High Pressure/High Temperature (HP/HT) exploration rental wellhead equipment and service support. GDFB plans to use the POS-GRIP technology for its ‘Tesla’ exploration well, being drilled in the Central Graben region of the
Plexus CEO Ben van Bilderbeek said: ‘Plexus is delighted to extend its working relationship with GDFB to include for the first time HP/HT equipment in addition to our standard/minimal wellhead technology. It is Plexus’ key objective to continue to develop its POS-GRIP technology to make it the industry wellhead standard, recognised for its technical performance and safety benefits within the oil and gas arena. We fully expect to build upon our successes and secure further contract wins with international majors, and in turn enhance shareholder value.’
Plexus’ patented POS-GRIP method of engineering for oil and gas field wellheads and connectors involves deforming one tubular member against another to effect gripping and sealing.
POS-GRIP wellhead systems have to date been used in over 100 oil and gas wells by companies including BP, Conoco Phillips, Gaz de France and Maersk.