Oil and gas services company TechnipFMC has reached an agreement with Plexus Holdings to acquire Plexus’ Wellhead exploration equipment and services business for jack-up applications.
Plexus Holdings is a UK-based oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering,
TechnipFMC explained on Thursday that the acquisition of Plexus’ business expands its portfolio in the mudline and high pressure high temperature (HPHT) arena, enabling the company to position itself as a provider of products and services to the global jack up exploration drilling market.
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