New Customer and Territory Contract Win with Rosneft in Vietnam

Plexus Holdings plc has been awarded a contract with new customer Rosneft (TNK Vietnam B.V) ('Rosneft Vietnam'), a subsidiary of leading Russian oil and gas company, Rosneft.

The contract will see Plexus supply its POS-GRIP High Pressure/High Temperature ('HP/HT') adjustable rental exploration wellhead equipment to Rosneft Vietnam for an exploration well offshore Vietnam. 

This contract represents a new country in a new territory for Plexus and is in line with the Company's ongoing strategy to continue to expand globally from its dominant position in the North Sea.  Management understands Plexus was awarded the contract due to the best in class standards of its wellhead technology including performance, safety, time and cost savings, in addition to the proven convenience and operational advantages of through the BOP HP/HT capabilities.