13th Apr 2005 16:30
Wood Group (John) PLC13 April 2005 Wood Group acquires Offshore Design Ltd ("ODL") A subsidiary of international energy services company John Wood Group PLC ("WoodGroup") has acquired ODL, a leading independent technical support, consultingservices and procedural information specialist serving clients in the oil & gasindustry around the world. ODL had revenues of £8.6million ($16.1m) million for the year ended 31 October2004, and a net asset value at that date of £2.4million ($4.5) million. ODL willretain its trade name and continue to be led by Jim Casher, managing director.The company employs approximately 135 personnel and will operate within WoodGroup's Engineering & Production Facilities division. "ODL has an excellent track record of providing comprehensive consulting andpre-operational services to meet the operational needs of major projects,alliances and call-off contracts," said Les Thomas, Group Director responsiblefor Wood Group's Production Facilities activities. "By combining ODL's expertisewith that of Wood Group we have a powerful global consulting and supportorganisation with a full range of capabilities from the pre-operational phase,through commissioning, to the operations, maintenance and management of clientsfacilities." Jim Casher will have responsibility for both ODL and Wood Group's existingtechnical consulting and technical support operation based in Houston. "We are very excited to be joining Wood Group," said Jim Casher. "As part of theGroup we can now provide strategic operational support and consulting servicesfrom the earliest stages of new projects through the ongoing and matureoperational phases and have access to a significantly enlarged internationalinfrastructure." -ends- Note to editorsWood Group is an international energy services company with $2.2bn sales,employing more than 14,000 people worldwide and operating in 36 countries. TheGroup has three businesses-Engineering & Production Facilities, Well Support,and Gas Turbine Services-providing a range of engineering, production support,maintenance management and industrial gas turbine overhaul and repair servicesto the oil & gas, and power generation industries worldwide.Wood Group Production Facilities operates within the Group's Engineering &Production Facilities division, which is a leading provider of engineeringdesign and project management services for the development of new offshore oiland gas fields as well as the enhancement, modification, operation andmaintenance of existing infrastructure in offshore and onshore oil and gasfacilities. ODL is an independent consulting and services company specialising in thedevelopment, management and delivery of technical information and proceduraldocumentation for the international oil & gas industry. The company was formedin 1977 and employs approximately 135 full-time personnel. ODL serves clientsglobally from offices in the UK (Aberdeen) and Halifax & St Johns in Canada. ODLhas provided services to more than 50 oil & gas companies throughout the worldand has developed a comprehensive range of flexible services with the capabilityto handle fully integrated major projects, alliance contracts,call-off contracts and ad hoc services. ODL is fully committed to a qualityculture and is ISO 9002 registered. For enquiries please contactCarolyn Smith, Corporate Communications Manager, Wood GroupTel: +44 (0) 1224 851099, e-mail: [email protected] Bobbie Ireland, Corporate Communication-Americas, Wood GroupTel: +1 281 828 3505, e-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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