John Wood Group PLC has bought out its former joint venture partner, Triune Projects Pvt Ltd,, to take 100% ownership of J P Kenny Triune Eng. Pvt Ltd, and has established a Group management company, renamed as Wood Group Engineering India Pvt Ltd.
The Group has operated in India for six years as a pipeline engineering & management company based in Delhi, providing design and project management services for a range of local and international customers including GAIL, Reliance, Essar and Gujarat State Petroleum. Through its Mustang Engineering subsidiary, the Group is also providing FEED verification and detailed engineering services to Cairn's Mangala development in the Rajasthan desert.
"This is a strategic move by Wood Group to establish a substantial facilities, pipeline and subsea engineering presence in India to position itself for the rapidly growing Indian domestic market and to build a substantial Competitive Engineering Centre (CEC) to support and add to our global engineering resource pool, and offer our services throughout the Eastern Hemisphere," said Steve Wayman, CEO, J P Kenny Group.
Wood Group currently employs 70 local people in its South Central Delhi-based office, as well as operating a smaller project office in the emerging business suburb of Gurgaon to serve local clients. The Group plans to recruit another 30 local technical and support staff initially and expects to double the team to 200 within two years. Resident Director Mr P K Rudra leads the local team, supported by a small number of expatriates from J P Kenny, to complement the strong local management team already in place.
Wood Group is an international energy services company with more than $3.5 bn sales, employing more than 20,000 people worldwide and operating in 44 countries. The Group 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 services to the oil & gas, and power generation industries worldwide.
J P Kenny, one of the world's leading independent pipeline and subsea engineering organizations, operates from ten 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. The J P Kenny Group operates within the Wood Group Engineering & Production Facilities division.