Plexus wins $1m Malaysian contract
SHARES in Plexus Holdings jumped more than 9 per cent after its Aberdeen-based well head-making subsidiary secured its first contract to serve Malaysia’s national oil and gas company.
The deal with American contractor Vantage Drilling is worth $1 million (£618,000) and covers oil and gas exploration activities in the east of the country.
Chief executive Ben Van Bilderbeek said: “This contract win further extends our geographic footprint within the South-East Asian market, a region that has an established oil and gas industry, which is expected to substantially grow due to the number of new platforms being built over the next five years.”