UK’s Plexus Holdings Installs First Wellhead for Gazprom

UK-based oil and gas equipment company Plexus Holdings has announced that its Russian licensee, Gusar, has installed the first wellhead for Gazprom as part of the previously announced contract to supply POS-GRIP rental wellhead gas exploration equipment to the Russian gas giant.

Following the completion of the sale of its wellhead exploration equipment and services business for Jack-up applications to TFMC, Plexus retained the right to pursue jack-up exploration related business in Russia and the CIS via the Gusar Licence Agreement, Oilfield Technology writes.

The Licence Agreement grants Gusar and Konar the right to manufacture and rent Plexus’ proprietary jack-up exploration equipment within the Russian Federation and the other CIS states.

“We are pleased to start our relationship with Gazprom as a local supplier of POS-GRIP technology. We look forward to continue our efforts to deliver technology of the highest standard to the Russian market,” said Gusar’s general director, Alexander Beryozkin.

“The deployment of this first wellhead avails Gazprom of the many technical advantages of POS-GRIP technology. We are pleased that such a major global operator, after considering the available alternatives, has made the choice in favour of POS-GRIP technology for working in the Arctic conditions,” he added.

The wellhead installation marks the beginning of Gusar’s contracted work with Gazprom for the first year of an up to five-year jack-up gas exploration drilling program on the Kara Sea Shelf at shallow water depths of up to 150 meters.

“The successful deployment of Plexus’ equipment represents an important milestone towards establishing Plexus’ safest and best-in-class POS-GRIP equipment in Russia and the CIS, one of the top three hydrocarbon producers in the world with significant gas reserves,” said Plexus’ CEO, Ben Van Bilderbeek.