An option granted under a contract Plexus Holdings won from Maersk Oil was converted to a firm order to provide wellhead system and mudline services for an additional well offshore Denmark. The value of the additional order is estimated at USD 2.4 million and revenue is expected to commence in October 2014. Under the terms of the option, Plexus will supply its 18¾-in., 15,000-psi surface wellhead and mudline systems for use on a standard pressure well for exploration activities in the central Danish North Sea.
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