On March 26th, 2015 Jereh Group announced the alliance with Plexus Holding PLC to be its strategic partner in manufacture and sales of Plexus wellhead products. The Framework Agreement signed marks Jereh to be China’s first and only subsea wellhead equipment supplier.
Jerehand Plexus Alliance and Investment Signing Ceremony held in Beijing
Subsea wellhead equipment is offshore specialized, which requires highly advanced technologies to ensure the reliability and safety under high pressure/high temperature (‘HP/HT’) subsea environment. However, the industry development has been severely restricted currently due to the technology monopolistic limitations.
“I am delighted that Plexus and Jereh have entered into the agreement which we hope will enable us to bring Plexus’ POS-GRIP technology to the important and growing Chinese market and other relevant Asian territories.” Mr. Ben van Bilderbeek, the founder and Chief Executive Officer of Plexus Holdings Plc, addressed on the signing ceremony. “We believe that our POS-GRIP wellhead equipment will deliver operational time savings and safety benefits to the oil & gas companies operating in the region, many of whom will be facing HP/HT conditions which our technology is uniquely suitable for.”
As China’s largest private listed oil and gas company, Jereh is specializing in oil and gas engineering and construction, oilfield technology services and equipment manufacturing. With manufacturing capacity of over 1000 sets equipment every year, Jereh has served customers in over 60 countries through its full value chain including drilling rigs and auxiliaries, well completion and stimulation equipment, natural gas equipment as well as special purpose vessels, drilling platform and modules etc.
“We are pleased to have this alliance with Plexus, which is a milestone for Jereh entering into the subsea segment.” said Mr. Wang Kunxiao, President of Jereh, “By integrating Plexus patented technology with Jereh distinguished manufacturing and marketing capabilities, we are convinced the alliance will create significant impact in the subsea field and compelling benefits for the customers around the world.