WOOD GROUP (JOHN) PLC: Wood Group's growth in US onshore shale work A round-up of Wood Group's growth in US onshore shale work Approximately 2,500 employees supporting contracts in US shale fields HOUSTON, September 4, 2013- Wood Group's activities to support oil & gas production from shale fields in the US are growing, with annualized revenue totaling approximately $500 million. This growth supports our outlook for 2013 shale activities and is being driven primarily by two of Wood Group's businesses. Together, Wood Group Mustang and Wood Group PSN have around 2,500 personnel providing engineering, operations & maintenance services to US shale fields. Wood Group Mustang has supported more than 110 shale projects. Its first project in what is now a major shale play was a 1995 process study that examined ways to improve the efficiency and operation of a natural gas liquids plant in the North Dakota section of the Bakken shale play. Wood Group Mustang now has around 600 employees supporting shale projects, which include: gathering pipelines, compressor stations, pump stations, measuring facilities and other midstream facilities in a number of the US shale plays; multi-well pad designs in the Eagle Ford, Marcellus, Utica and Bakken shales; front-end engineering design (FEED) and detailed design for a 250 million standard cubic feet/day cryogenic turbo-expander gas plant in the Bakken; greenfield and brownfield engineering services for a gas plant expansion program; and automating a chemical injection system for wells in the Eagle Ford. Wood Group Mustang's shale-related work is performed at four locations in the US; and in Calgary, Canada; and Bogota, Colombia. Wood Group PSN, specialists in brownfield production services, increased its presence in the US shale markets in 2012 with the acquisitions of Duval and Mitchell's, in the Eagle Ford and Bakken shale regions, respectively. Delivering operations & maintenance, construction, training & development programs, and consulting services, Wood Group PSN now employs 1,900 people across the US shale market. "Shale production is significantly changing the global energy market," stated Bob Keiller, CEO of Wood Group. "Wood Group has the knowledge and experience to support our customers as they increase their focus on shale regions worldwide." -ends- Notes to Editors Wood Group is an international energy services company with around $7bn sales, employing about 43,000 people worldwide and operating in 50 countries. The Group has three businesses - Wood Group Engineering, Wood Group PSN and Wood Group GTS - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com Wood Group Mustang is a global project management, engineering, procurement, and construction operations company serving the upstream oil and gas, refining and chemicals, pipeline, automation and control, and industrial markets. It has offices in the United States, Latin America, Canada, United Kingdom, Malaysia, West Africa and the Middle East. For more information, visit www.mustangeng.com . Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 29,000 people in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com. For further information contact Media enquiries Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group Tel: +44 (0) 1224 851099, email: firstname.lastname@example.org Bobbie Ireland, Corporate Communications - Americas, Wood Group Tel: +1 (281) 828 3505, email: email@example.com Investor and analyst enquiries Nick Gilman, Head of Investor Relations & Corporate Communications, Wood Group Tel: +44 (0) 1224 851404, email: firstname.lastname@example.org Andrew Rose, Investor Relations Manager, Wood Group Tel: +44 1224 532716, email: email@example.com END -0- Sep/04/2013 06:00 GMT
WOOD GROUP (JOHN) PLC: Wood Group's growth in US onshore shale work
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