Plexus gets big-name backing for well-head
Shares in Plexus rose nearly 10 per cent following news of the deal, through which a device will be developed to tackle some of the issues raised by the Gulf of Mexico oil spill in 2010.
The development scheme already has the backing of Maersk, SafeKick, Shell, Tullow Oil and Wintershall.
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Hide AdBen Van Bilderbeek, Plexus’ chief executive, said: “Our subsea well-head initiative is gaining considerable momentum. Not only is the project progressing well and according to plan but it continues to attract the active participation of major companies in the oil and gas sector.
“This is a tremendously exciting time for Plexus.”