Mustang Engineering
 |
|
| Public limited company | |
| Traded as | : |
| Industry | Oil and gas |
| Founded | 1982 |
| Headquarters | Aberdeen, Scotland, UK |
|
Key people
|
Ian Marchant (Chairman), Robin Watson (Chief Executive) |
| Products | Oil and gas engineering, production support, gas turbine maintenance |
| Revenue | US$4,120.6 million (2016) |
| US$243.7 million (2016) | |
| US$34.4 million (2016) | |
|
Number of employees
|
26,000 (2016) |
| Website | www.woodgroup.com |
Wood Group (officially John Wood Group PLC) is a multinational energy services company with headquarters in Aberdeen, Scotland. It is listed on the and is a constituent of the FTSE 250 Index.
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. The company acquired Mustang Engineering Inc, an engineering business based in Houston, Texas in September 2000. In 2002, the company was listed on the .
In March 2015, Wood Group 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.
In March 2017, the company announced it would acquire its rival, Amec Foster Wheeler, in an all stock deal, valued at approximately £2.2 billion. The new company will have a combined workforce of about 64,000 people. The transaction was completed on 9 October 2017.
Wood Group provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide.
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Wikipedia