Well technology firm Plexus Holdings has achieved record
profits in a year when the oil and gas industry was rocked by a plunge in the
Aberdeen-based Plexus made £5.9 million pre-tax profit, compared
with £5.4m in 2014. Sales also increased to £28.5m, from £27m.
While competitors slash spending in response to the price
fall, the company has surged ahead with its POS-GRIP system, which offers a
more cost-effective way of joining well components.
Plexus is pushing for growth in overseas markets such as
Asia, to reduce its reliance on the North Sea. In July China’s Yantai Jereh
Oilfield Services Group invested £8m with the firm for a five per cent stake and