Plexus Holdings PLC (POS.LN), a provider of innovative wellheads to the oil industry, said Tuesday it has signed a GBP550,000 wellhead contract with BG Group PLC (BG.LN) for exploration activities offshore Egypt at its Notus well.

This contract follows an earlier one with BG to supply a wellhead system for offshore Egypt exploration at the Zonda well.

Shares closed Monday at 57.5 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com

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