Wood Group eyeing potential Canadian acquisition

06/24/2013
Wood Group is looking to acquire a Canadian company as a way to expand its own production services network (PSN) brownfield group there. Wood Group Chairman Allister Langlands described the potential move as driven by large current capital expenditures in the country that the company expects to feed a very long tail of operating expenditures. Langlands described Colombia "as a good open competitive market" in response to being asked where he saw potential for Wood Group to grow in the next 5-8 years, concluding the company would continue to grow its business there. He also described Africa as very important and noted that as international oil companies and large European and Nor...
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