The contract for the supply of both MLS and service is worth approximately $500,000, and is expected to be completed by November 2011.

Plexus’ patented TRT-S MLS equipment enables jack-up drilling rigs to transfer casing loads from a rig to the sea bed whilst allowing for a subsequent planned disengagement and possible suspension platform tieback options for a wellhead system.

The drilling activities for the well can only be conducted from May to September due to climate conditions in the West Kamchatka region.

However, it is anticipated that additional wells will be drilled in 2012, of which Plexus is hopeful to tender both MLS services and potentially for the supply of its POS-GRIP surface wellhead equipment technology.