Wood Group Brochure
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Wood Group Brochure

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Wood Group Brochure Wood Group Brochure Document Transcript

  • We are Wood Group
  • Wood Group Our Business We are an international energy services company with around $7bn sales, employing about 43,000 people worldwide and operating in 50 countries. We have 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. Wood Group Engineering Wood Group PSN Wood Group GTS Through Wood Group Mustang and Wood Group Kenny, we provide a wide range of engineering services to the upstream, subsea & pipelines, downstream & industrial and clean energy sectors. These include conceptual studies, engineering, project & construction management (EPCM) and control system upgrades. We are a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. We are a leading independent provider of rotating equipment services and solutions for clients in the power and oil & gas markets. Worldwide, these services include: power plant engineering, procurement and construction; facility operations & maintenance; and repair, overhaul, optimisation and upgrades of gas and steam turbines, pumps, compressors and other highspeed rotating equipment. Our Heritage 1960 1970s 1980s 1990s 2000 Wood family ship repair business employed 50 people with revenues of $100,000. North Sea oil activity began and we received our first major engineering support contract with Shell. We used our North Sea knowledge to help us grow internationally, and established our US operations. We employed 2,500 people with revenues of $150million. We began to build our well support business, and formed joint ventures with major gas turbine OEMs. We acquired Mustang and Alliance to provide market leading engineering services for deepwater facilities. We established our power plant operations & maintenance business. Revenues exceeded $1billion for the first time. 1
  • Our Worldwide Markets North America Europe Asia Pacific and Australia Central and South America Middle East and Africa We are active across North America and in the Gulf of Mexico on a range of projects and support growing demand in the shale regions. We deliver long term power plant operations & maintenance support to operators. We are active in the North Sea and across Europe, supporting projects in Azerbaijan, Russia and Kazakhstan, and delivering subsea engineering design and onshore and offshore operations & maintenance solutions to the oil & gas and power markets. We serve a wide range of customers across Asia Pacific and Australia. We are a market leader in Australia supporting long-term subsea and pipeline projects. We have operations & maintenance contracts in Indonesia and Malaysia and a gas turbine service facility in Thailand. We bring a wealth of experience to Central and South America, working with national and international oil companies in the region. We offer operations & maintenance, engineering and consulting services to operators and support the needs of local power companies. Our Middle East operations support local and international clients in the region. We enhance gas turbine operating efficiency and product capability for oil & gas clients. We are active in Saudi Arabia, UAE, Equatorial Guinea, Nigeria and Angola. Revenue / headcount by region Europe m rth A erica No Revenue Revenue 32% 34% 30% Revenue 5% Mi d East and A le f d Revenue 16% a ric o nd S uth Am la ica er Cen tra 34% ific and Aus ac P Revenue 13% lia tra Headcount Asia Headcount Headcount 9% Headcount 18% Headcount 9% 2002 2006 2011 2012 Successful IPO on the London Stock Exchange. We were awarded our first duty holder contract in the North Sea. We employed 20,000 people with revenues of $3.5billion. We acquired PSN to create Wood Group PSN, the leading global brownfield production services provider, and sold our Well Support division. We are well positioned to continue adding value to our customers’ operations, with more than 42,000 employees in 50 countries and revenues of >$6billion. 2
  • Wood Group Our Services UPSTREAM Development Engineering, procurement & construction management (EPCM) services for: • Deepwater floating production and fixed facilities including spars, semisubmersibles, TLPs, FPSOs, topsides, jackets, minimal structures and compliant-piled towers • Onshore processing facilities • Subsea engineering covering flow assurance; risers, flowlines and umbilical design and installation; and integration with production facilities • Onshore and offshore pipelines Production & Enhanced Recovery Operations management Front end engineering design (FEED) Brownfield engineering and modifications  All-of-facility integrity services Operations & Maintenance Start-up and commissioning We have designed topsides for more floating production facilities (spars, semi-submersibles and TLPs) worldwide than any other company. Production enhancement Project management Hook-up and commissioning Integrity management Maintenance services for gas  turbines and other rotating equipment Gas turbine optimisation and upgrades We are one of the world’s largest independent providers of engineering management services for subsea systems, onshore and offshore pipelines, and associated marine facilities. 3
  • DOWNSTREAM EPCM services for refinery modifications, including debottlenecking and clean fuel modification We have very broad experience in unconventional hydrocarbons. Maintenance services for gas turbines and other high-speed rotating equipment Gas turbine optimisation and upgrades We offer flexible aftermarket operations, maintenance, repair and overhaul services and products. Abandonment Decommissioning of offshore and onshore facilities from an operational state We provided fast track power plant engineering, procurement and construction services worldwide. From initial exploration to shutdown and decommissioning, our expertise helps customers maximise the life of their assets. Maintenance services for gas turbines and other high-speed rotating equipment Gas turbine optimisation  nd upgrade a Power plant concept/design, new build/EPC and commercial operation Power plant decommissioning and/or relocation We have assessed over 85,000 megawatts of renewable energy projects spanning 50 countries. Renewable energy solutions – Due diligence and feasibility studies – Project management – Engineering – Operations & Maintenance – Decommissioning POWER, INDUSTRIAL AND CLEAN ENERGY 4
  • Wood Group Our Core Values Our Core Values are at the heart of our business because they define who we are, how we work, what we believe in and what we stand for. They set out how we act and how we expect to be treated as part of Wood Group and provide a sound basis to make decisions. Our ‘Living our Values’ Awards recognise Wood Group people around the world who bring our Core Values to life. Safety & Assurance Safety & Assurance is our top priority because lives depend on it. We passionately care about the safety of our people and behave as safety leaders. We are committed to preventing injuries and ill health to our people and everyone we work with. We provide our people with the training, knowledge and tools to work safely and prevent accidents. We are focused on assuring the safety of everything we design, construct, operate and maintain. People People are the heart of our business.  We are professional, high performing team players focused on delivering and drawing on our global expertise. We aim to attract, develop and retain the best people, treating each other with honesty, compassion and respect. We create a stimulating, fun and open work culture that promotes personal development and work/life balance, rewards competitively and celebrates success. Innovation Innovation gives us competitive advantage. We promote collaboration and sharing of ideas across our business. We have a structured approach to recognising innovations, rapidly testing ideas and sharing learnings. We encourage our people to challenge established practices and achieve continuous improvement. We are committed to delivering thorough and sound solutions to every challenge. Our Hummingbird team in the North Sea won the Safety & Assurance ‘Living our Values’ Award for performing the annual major shutdown of Hummingbird earlier than scheduled and with very limited planning time available. The team delivered a safe and efficient project against tight timescales and in adverse weather conditions. Daniel Jones, Mason Linden, Ciaran Trappe, Frederic Alardo and Doug Burbidge in Perth, Australia won the Innovation award for development of the innovative NEXUS IC software giving Wood Group a significant competitive advantage in the world of asset data and integrity management. Kathryn Petrie won the People award for her leadership, motivation and encouragement of her colleagues in TeamWG who won the Aberdeen Corporate Decathlon two years in a row. 5
  • Relationships Our business depends on healthy relationships with customers, business partners, and suppliers. We build and nurture strong relationships that are mutually beneficial, making sure that we deeply understand the people we deal with, so that we can anticipate their needs and always aim to exceed their expectations. Everyone in our organisation contributes to the quality of the relationships we build and we actively seek feedback. Social Responsibility Being socially responsible is integral to what we do. We aim to make a positive difference to the communities where we operate and seek ways to assist them. We prioritise the hiring and development of local people and work with local supply chains where we can. We are committed to minimising the impact of our activities on the environment by conserving resources, reducing waste and emissions, and preventing environmental pollution and we work with our customers to provide the best environmental solutions. Sharleen Taylor, Felicia Holder and Dalia Watson won the Social Responsibility award for promoting education, training and social development in the Mayaro-Guayaguayare community in Trinidad. Marcelle Yee Keow in the US manages all projects for a major client. She won the Relationships award for building and maintaining a strong relationship with the client while supporting them over a number of years. Financial Responsibility We expect to receive fair reward for our business performance. We are cost aware and carefully manage our own and our customers’ costs. We manage financial risk systematically and communicate our financial performance in a clear, concise manner. Integrity We are proud of our reputation, built over many years, which depends on us consistently doing the right thing.  Integrity is our cornerstone and character is as important as ability.  We build trust and act with honesty. We comply with our Business Ethics Policy, management system and all local rules and regulations. We foster a culture of transparency and responsibility.  We investigate all violations and complaints and take appropriate action. Mark Breen won the Integrity award for stepping in to the Regional Manager’s role at a power plant in Texas, USA to address operational and cultural challenges, and for ensuring that we delivered integrity to the customer. Colleen Simpson, John Neville, Rose Frew, Courtney Barbour, Grant Leckie and Leon Mallay, in St. John’s, Newfoundland, Canada won the Financial Responsibility award for implementing a cost redution strategy which led to total savings of $3.8 million for a client. 6