Archived Press Releases › Wellstream Announces Letter of Intent from Nexus Energy Ltd
7th July 2008
Wellstream International Ltd, a wholly owned subsidiary of Wellstream Holdings PLC, announces the receipt of a Letter of Intent for a contract from Nexus Energy Ltd. with a value in excess of £40m for the provision of flexible flowlines and risers for the Crux gas to liquids development project offshore Australia. The operator expects the project to receive final sanction in late 2008 and manufacture of the pipeline products is due to commence in 2009.