The two-year contract, which also has a further two-year option, will be for a series of exploration wells and has an initial value of approximately GBP1.5 million, generating revenue from the fourth quarter of 2009.

Ben van Bilderbeek, CEO of Plexus Holdings, said: "As the fourth such contract signed during 2009, this agreement is a further testament to the innovation and quality of our proprietary POS-GRIP technology. Talisman joins our ever-growing blue-chip client list, reinforcing our position as a leading oil and gas engineering services business internationally."

A service of YellowBrix, Inc.