The project, projected to generate approximately USD $1 million in revenue, is slated to commence in the latter half of 2025. The order, still pending final contract formalization, was secured through a partnership with Peak Energy Solutions. Plexus and Peak have collaborated over the past two years to establish the required local licenses and secure customer registrations for operations in the region.
Plexus CEO Craig Hendrie expressed optimism about the development, stating:
“We are excited to initiate active collaboration with Peak, leveraging its base in Abu Dhabi for initial preparations and access to local services. This landmark order represents a significant entry into a region where offshore oil and gas exploration remains robust. Customers in this market recognize the value of our through-BOP solution, which delivers enhanced safety and cost efficiency. We believe this breakthrough will open the door to additional opportunities across the Middle East, where demand for offshore services is perfectly aligned with Plexus’ innovative technologies and products.”
