LONDON (ShareCast) - Oil and gas engineering service business Plexus Holdings has extended a contract with Centrica North Sea Gas in a deal worth up to 850,000 pounds.

Plexus has agreed to supply the gas production arm of the owner of British Gas
with supply extra drilling equipment for the GROVE 49/10a-4 (G1) production well in the southern North Sea.

It expects revenues to begin in the first quarter of Plexus' 2014 financial year.

Plexus Chief Executive Ben van Bilderbeek said: "This contract win is a significant milestone for Plexus as it continues to expand its wellhead offering from exploration drilling into the larger and more lucrative production market."

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