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Plexus CEO on Middle East expansion & profit strategy

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Manage episode 493489843 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Plexus Holdings PLC (AIM:POS) CEO Craig Hendrie talked with Proactive's Stephen Gunnion about the company’s focus on rental wellhead operations and strategic growth in the Middle East. Hendrie explained that over the past year, Plexus reoriented its strategy to prioritise the rental wellhead business, putting complex products on hold to accelerate the path to sustained profitability. He noted the £3.5 million fundraising completed in March, enabling Plexus to double its Exact EX rental fleet to sixteen units, with deliveries planned by the end of the year. “Having inventory ready on the shelf is absolutely key,” Hendrie said, adding that shorter project timelines are driving the need for readily available equipment. The company is preparing shipments to the UAE, targeting the active offshore oil and gas sector. Hendrie highlighted that nearly half of the world’s jack-up rigs operate in the Middle East, making it an important market for Plexus’s offerings. Looking to 2026, Hendrie emphasised the versatility of the Exact EX wellhead system, which can be used for exploration, development, and plug-and-abandonment projects across multiple regions. He expressed confidence that the combination of diverse applications and global operational experience will support continued growth despite macroeconomic challenges in the UK and the North Sea. Visit Proactive’s YouTube channel for more videos like this. Don’t forget to like this video, subscribe to our channel, and enable notifications to stay updated on future content. #PlexusHoldings #OilAndGas #WellheadEquipment #MiddleEastEnergy #UAEExploration #OffshoreDrilling #EnergyInvestment #ExactEX #OilfieldServices #ProactiveInvestors
  continue reading

607 episodes

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Manage episode 493489843 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Plexus Holdings PLC (AIM:POS) CEO Craig Hendrie talked with Proactive's Stephen Gunnion about the company’s focus on rental wellhead operations and strategic growth in the Middle East. Hendrie explained that over the past year, Plexus reoriented its strategy to prioritise the rental wellhead business, putting complex products on hold to accelerate the path to sustained profitability. He noted the £3.5 million fundraising completed in March, enabling Plexus to double its Exact EX rental fleet to sixteen units, with deliveries planned by the end of the year. “Having inventory ready on the shelf is absolutely key,” Hendrie said, adding that shorter project timelines are driving the need for readily available equipment. The company is preparing shipments to the UAE, targeting the active offshore oil and gas sector. Hendrie highlighted that nearly half of the world’s jack-up rigs operate in the Middle East, making it an important market for Plexus’s offerings. Looking to 2026, Hendrie emphasised the versatility of the Exact EX wellhead system, which can be used for exploration, development, and plug-and-abandonment projects across multiple regions. He expressed confidence that the combination of diverse applications and global operational experience will support continued growth despite macroeconomic challenges in the UK and the North Sea. Visit Proactive’s YouTube channel for more videos like this. Don’t forget to like this video, subscribe to our channel, and enable notifications to stay updated on future content. #PlexusHoldings #OilAndGas #WellheadEquipment #MiddleEastEnergy #UAEExploration #OffshoreDrilling #EnergyInvestment #ExactEX #OilfieldServices #ProactiveInvestors
  continue reading

607 episodes

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