Plexus unveils wellhead developed in response to Gulf of Mexico crisis

 
Caitlin Morrison
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listed oil and gas services firm Plexus Holdings yesterday launched its new Python Subsea wellhead, developed to address safety issues thrown into light by the Gulf of Mexico disaster in 2010.

Plexus has been working on the new wellhead since 2011, as part of a joint industry project supported by BG, Shell, Maersk, Total and Tullow Oil and others.

According to the firm, the wellhead “has been engineered to be simple, but also offering a range of unique and superior technologically advanced features with increased safety, reduced cost and operational efficiency capabilities”.

Shares in Plexus jumped by 5.88 per cent yesterday.