Wood Group

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. JW Holdings had diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s.

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

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.

Operations

Wood Group is an international energy services company with over $7bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses – Wood Group PSN, Wood Group Kenny and Wood Group Mustang – providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide.