Wood Group

John Wood Group PLC
Public limited company
Traded as LSE: WG.
Industry Oil and gas
Founded 1982
Headquarters Aberdeen, Scotland, UK
Key people
 Allister Langlands (Chairman), Bob Keiller (Chief Executive)
Products Oil and gas engineering, production support, gas turbine maintenance
Revenue US$6,574.1 million (2014)[1]
US$436.8 million (2014)[1]
US$336.3 million (2014)[1]
Number of employees
 46,000 (2014)[2]
Website www.woodgroup.com

Wood Group (officially John Wood Group PLC) is a multinational oil and gas services company headquartered in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The business was founded by Sir Ian Wood in 1982, when it split away from JW Holdings, the largest fishing company in Scotland.[3] JW Holdings had diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s.[4]

In 2002, the company was listed on the London Stock Exchange.[3]

In March 2015, Wood Group has secured a contract worth over NOK500m (£41m) to expand and upgrade the Kollsnes gas processing plant in Norway. The contract was awarded by Statoil on behalf of plant operator Gassco. Under the deal, Wood Group will carry out engineering modifications and upgrades to the facility, located west of Bergen. [5]

Operations

The company comprises many businesses including Wood Group Engineering (North Sea) Limited, Wood Group PSN, Mustang-HDP, Wood Group Kenny, Wood Group Mustang and Wood Group GTS.[6]

See also

References

  1. ↑ 1.0 1.1 1.2 "Annual Report 2014" (PDF). Wood Group. Retrieved 3 April 2015.
  2. ↑ "Contact Wood Group - Global Office Locations". woodgroup.com. Retrieved 3 April 2015.
  3. ↑ 3.0 3.1 "Wood Group Company History and Heritage". woodgroup.com. Retrieved 3 April 2015.
  4. ↑ Darroch, Valerie (31 December 2006). "Boss of the year: Sir Ian Wood reveals the secret of his success as he gets ready for a new role". Sunday Herald. Retrieved 27 April 2008.
  5. ↑ "Wood Group wins contract to upgrade Kollsnes gas plant in Norway". Offshore Technology. 16 March 2015. Retrieved 3 April 2015.
  6. ↑ "About Wood Group, a leading international energy services company". woodgroup.com. Retrieved 3 April 2015.

External links