Plexus gets first equipment order from Russia

Plexus Holdings, oil and gas engineering services company, has received a first purchase order for its Tersus mudline suspension system (MLS) from Gusar, the company’s partner in Russia. 

The purchase order falls under the exclusive license agreement Plexus signed in January 2016 with Gusar and CJSC Konar, two independent Russian oil and gas equipment manufacturers.

Under the terms of the agreement, Gusar and Konar will supply Plexus’ wellhead and associated equipment to the oil and gas markets of the Russian Federation and members of the Commonwealth of Independent States (CIS).

The purchase order, announced on Monday, is for a full MLS system, including hangers, running tools, and TA cap. During jack-up drilling operations, mudline suspension equipment, which is comprised of a series of hangers, transfers the weight of each casing string to the conductor and the seabed, and provide a means to reconnect to the well for future production.

In combination with the POS-GRIP adjustable wellhead systems, Tersus has been used on over 400 wells worldwide by major operators including Royal Dutch Shell, Statoil, and Total, Plexus said.

Plexus’ CEO, Ben Van Bilderbeek, said: “This order demonstrates Gusar’s ongoing commitment to first supply our best in class wellhead equipment to the huge Russian and CIS markets, and then to manufacture it themselves under license. We believe this initial order will help to raise the awareness of Plexus designed equipment within the Gusar licensed territories, and subsequently, lead to further business in what is one of the largest hydrocarbon producing regions in the world.

“When we signed the licence agreement with both Gusar and Konar we heralded it as a significant strategic milestone towards delivering on our international expansion plans and becoming less reliant on the North Sea.”

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