Wood Group Positions Engineering Division for Growth

HOUSTON, Sept. 6, 2011 /PRNewswire/ -- Wood Group, the international energy services company, is focusing on growing its world-leading engineering, production facilities support and gas turbine services businesses following the acquisition of PSN and the disposal of its Well Support division.  To facilitate engineering growth, the Engineering division is being restructured into two market-facing groups: Subsea/Pipeline/Riser & Integrity Management and Process & Facilities.

The Subsea-related group was formed last year and operates under a Wood Group Kenny banner. It is led by Steve Wayman.

The new Process & Facilities Group will operate under a Wood Group Mustang banner and comprise Alliance Engineering, Energeticos, IMV Projects and Mustang. The integration of Alliance and Mustang is a key element of the formation of the new group.

"Our engineering businesses have been very successful over many years and have tremendous growth potential; together they can be a major power-house in the worldwide energy industry," explained Mike Straughen, CEO of Wood Group's engineering division.  "The new organization will help to ensure we are best placed to take advantage of future opportunities in the global marketplace. It will enhance our ability to better serve our clients with expanded resources, broader geographic reach and more comprehensive services."

The new Process & Facilities group will be led by Mustang President Steve Knowles. Edmund Lunde, president of Alliance Engineering, will assume a new role as vice president of Strategic Development for Wood Group Mustang and will lead integration planning and implementation.

"Wood Group's engineering businesses employ some of the best people in the industry," stated Steve Knowles. "The new organization will enable us to better harness the full capability and expertise of all our people worldwide and to provide them with greater career development opportunities. 

"Alliance and Mustang are already leaders in the upstream oil & gas market, having designed more topsides for tension-leg platforms (TLPs) (1), spars(2) and semi-submersible(2) platforms worldwide than any other company. The combined capability of the new group will be a powerful force in the global market."

Operations under the new structure will begin in January 2012.

(1) Alliance Engineering

(2) Mustang

Notes to Editors

Wood Group is an international energy services company with $5.5bn sales, employing more than 36,000 people worldwide and operating in 50 countries. The Group has three businesses—Engineering, Wood Group PSN and Gas Turbine Services—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

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.  Mustang, a Wood Group company, has offices in the United States, United Kingdom, India, Malaysia, North Africa and the Middle East.  For more information, visit www.mustangeng.com.

Alliance Engineering provides highly optimized concept-to-completion custom engineering and design solutions for the oil and gas industry, and past projects include some of the world's most recognized project developments. With an emphasis on quality initiatives, cost-effective engineering, and a partnership approach to customer relationships, Alliance has provided cutting-edge and fit-for-purpose engineering services for customers worldwide. Alliance offers services and expertise for: offshore projects, including topsides facilities for fixed-platforms, FPSOs, semi-submersibles, tension leg platforms (TLP) and SPAR-type deepwater developments, and onshore projects, including upstream production and processing facilities, compressor stations, pipelines, and storage projects. Alliance has offices in Houston, Denver and Canonsburg, Pa.  www.alliance-engineering.com

IMV Projects is a Wood Group project execution company for the energy industry that delivers project management, engineering, procurement and construction management services with efficiency and integrity. Founded in 1999 and employing approximately 500 people, IMV Projects is headquartered in Calgary, Alberta, Canada. www.imvprojects.com

Energeticos, Wood Group's Colombian engineering company, has more than 35 years of experience engineering oil and gas, petrochemical and industrial complexes.  Energeticos specializes in engineering, project management, procurement, construction management and turnkey services. www.energeticos.com.co

Wood Group Kenny is the world's largest specialist subsea, pipeline and riser engineering and management contractor employing more than 2,000 worldwide, part of international energy services company, Wood Group. Wood Group Kenny comprises five companies:

• J P Kenny - one of the world's leading independent subsea and pipeline organisations, operates from seven locations worldwide and provides its clients with solutions that range from the planning stage through to procurement, fabrication, construction management, commissioning and operations support services.

• MCS Kenny - a world leader in compliant riser design with an extensive track record across all riser types and water depths. This includes flexible risers, steel catenary risers, hybrid steel-flexible risers, and top tensioned risers for both floating production and floating drilling platforms. The company also provides advanced structural analysis and technology development capabilities for subsea and pipeline facilities.

• MSi Kenny - a leading flow assurance and process optimisation company

• WGIM - an independent engineering & management company, specialising in all-of-asset integrity assurance with extensive materials engineering resources, service life prediction and inspection management expertise in the oil & gas petrochemicals, power, mining & mineral processing.

• SgurrEnergy - a leading renewable energy consultancy

SOURCE Wood Group