Plexus Holdings signs two-year wellhead engineering agreement with Cactus Wellhead
Type: Supply Agreement · Technology: Oil Gas · Country: United Kingdom · Announced: 2026-07-20
Plexus Holdings signed a two‑year engineering agreement with Cactus Wellhead to develop and qualify wellhead products for offshore energy applications, with an initial commitment payment of $1.34 million. The work will be performed at Plexus’s Aberdeen facility in the United Kingdom, targeting offshore oil and gas wells. The agreement foresees additional revenue of about $2 million depending on customer requirements, and may expand if the scope widens. The deal allows Cactus Wellhead to leverage Plexus’s long‑standing expertise in wellhead design while preserving engineering capability in Aberdeen amid reduced North Sea investment. No external advisors or lenders are mentioned, and the contract commences immediately upon signing.
Counterparties
- Plexus Holdings (Supplier)
- Cactus Wellhead (Buyer)
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