RNS Number : 5934O
Wellstream Holdings PLC
01 July 2010
Wellstream Awarded Major Contract by OGX
Wellstream, a leading manufacturer and supplier of flexible pipe systems and solutions to the offshore oil and gas industry announces the award from OGX Petroleo e Gas (OGX) of a contract to supply flexible risers and flowlines mid-water arches, umbilicals and other associated equipment and services.
The contract will be executed by Wellstream's Brazil operations and the flexible flowlines and risers manufactured in Wellstream's Niterói facility.
Luis Araujo, Executive Vice President for the Brazilian Operations says: "We are delighted to receive this award from OGX. Our engineering team has been working closely with OGX for some time to develop a robust full field development solution."
Alasdair MacDonald, Acting CEO, said of the award: "We look forward to working closely with OGX on this exciting new development. Wellstream has a history of working closely with its key customers. Indeed, this award is a clear example of the success of the Groups strategy to offer the industry full SURF capability through collaborative and innovative working relationships. We look forward to working with OGX as the project moves into the manufacturing, development and offshore phases."
- Ends -
Jason Nunn, VP Investor Relations
Notes to Editors
Wellstream is a wholly owned subsidiary of Wellstream Holdings PLC (FTSE:WSM). The Company is a leading independent designer and manufacturer of high quality bespoke flexible pipeline products, systems and solutions for Oil and Gas transportation. Our pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, and high temperature/high pressure products for drilling and service applications. With over 850 employees, Wellstream has offices/ facilities in the UK, Brazil, USA and Australia. Further information regarding Wellstream and its products and services can be accessed at www.wellstream.com
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