TechnipFMC has agreed to buy Plexus Holding’s Wellhead exploration equipment and services business for jack up applications.
The business will be integrated into the TechnipFMC Surface Technologies segment and will include the transfer of key personnel from Plexus. The business will continue to operate from the existing location in Dyce, Aberdeen, UK.
Richard Alabaster, president of TechnipFMC’s Surface Technologies business, stated: “I am very pleased that we have reached this agreement, which fits within TechnipFMC Surface Technologies’ strategy to extend and strengthen our position in exploration-drilling products and services while leveraging our global field presence. It also enhances TechnipFMC’s capability in HPHT applications.”
In a statement, TechnipFMC said that the portfolio expansion in the mudline and high pressure high temperature (HPHT) arena enables the company to up its offering to the global jack up exploration drilling market.