Plexus Holdings wins well-order contract with Nexen Petroleum UK

Plexus Holdings' shares are up more than 2% after it was awarded a well order from Nexen Petroleum U.K. Ltd for the Glengorm exploration well in the Central North Sea.

Under the deal terms, Plexus would supply Nexen with its POS-GRIP wellhead and Tersus mudline equipment.

This contract was expected to fall into Plexus' financial year beginning 1 July.

New-customer Nexen is a wholly owned subsidiary of CNOOC Ltd's China's largest producer of offshore crude oil and natural gas.

At 10:41 GMT, shares in AIM-listed Plexus were up 2.27% to 90p each.