Wood Group
| John Wood Group PLC
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | GB00B5N0P849 |
| founding | 1982 |
| Seat |
Aberdeen , Scotland , United Kingdom
|
| management | Bob Keller ( CEO ), Allister G Langlands (Chairman) |
| Number of employees | approx. 46,000 |
| sales | 6.4 billion US $ (2013) |
| Website | www.woodgroup.com |
The Wood Group ( WG , actually John Wood Group ) is an internationally active British group of companies that provides services in the field of the development and exploitation of oil and gas deposits . The group in the legal form of a public limited company (PLC) is represented in 46 countries and had around 46,000 employees in 2013 (2007: 24,700). Sales in 2013 amounted to around 6.4 billion US dollars (2007: 4.4 billion). The Wood Group is headquartered in Aberdeen , Scotland.
history
The company was founded in 1982 by Sir Ian Wood as a spin-off from JW Holdings Ltd., the largest Scottish fishing company founded in 1956 by his father John Wood. In 1974, on the initiative of Ian Wood, in the course of the emerging oil production in the North Sea in the early 1970s, the company entered the business with services in the energy sector. From 2000 the company was listed on the London Stock Exchange and represented in the FTSE 100 Index (as of October 30, 2008). It is currently part of the FTSE 250 index . On October 9, 2017, the Wood Group completed the takeover of the plant manufacturer Amec Foster Wheeler .
Group structure
The three divisions of the Wood Group are:
- Engineering & Production Facilities
- Well support
- Gas turbine services
The group is one of the world's leading companies in the fields of deep-water engineering, deep-sea pipelines, liquid pumping using electric submersible pumps , increasing the oil and gas yield in developed deposits, and maintaining and repairing industrial gas turbines .
Engineering & Production Facilities
The division deals with the establishment of the oil and gas fields for engineering work and production: development preparation, services related to ongoing exploitation, production increase, maintenance management.
Subsidiaries or holdings in this business area are (with further sub-companies):
- Alliance engineering
- mustang
- JP Kenny
- IMV
- Woodhill Frontier Caledonia
- IONIK Consulting
- Vepica
- Vepica Wood Group
- Energeticos
- Multiphase Solutions, Inc. (MSI)
- Wood Group Engineering (North Sea) Ltd.
- Wood Group Production Services
- ODL
- Deepwater Specialists Inc. (DSI)
- Producers Assistance Corporation (PAC)
- MCS
- M&O Global
Well support
The area includes support services at the borehole : Use of electric submersible pumps (see also deep pump ), pressure control, recording of measured values.
Subsidiaries or holdings in this business area are (with further sub-companies):
- Wood Group ESP: One of the largest manufacturers of and service companies for electric submersible pumps in the western world, mainly supplies to the oil industry. Headquarters: Oklahoma City.
- Wood Group Pressure Control
- Wood Group Logging Services
Gas turbine services
The gas turbine service includes the maintenance and repair of industrial gas turbines and the associated systems, as well as the accessory and spare parts service. Around 2800 employees.
Subsidiaries or holdings in this business area are (with further sub-companies):
- Rolls Wood Group
- Wood Group Light Industrial Turbines (WGLIT)
- Wood Group Heavy Industrial Turbines (WGHIT)
- Wood Group Turbine Systems Solutions
- Wood Group Pratt & Whitney Industrial Turbine Services
- Wood Group Turbo Power
- Wood Group Packaged Power
- Wood Group Contractual Solutions
Web links
- Wood Group website (English)
- Valerie Darroch: Boss of the year: Sir Ian Wood reveals the secret of his success as he gets ready for a new role , Interview with Ian Wood, Sunday Herald , December 31, 2006. (English)
Individual evidence
- ↑ a b c Annual Report 2013 (English), www.woodgroup.com, accessed on May 31, 2014.
- ^ Publication on the takeover of Amec Foster Wheeler (English), www.woodgroup.com, accessed on November 22, 2017.