Wood Group Predicts Better-than-expected 2007
John Wood Group PLC announced that its chairman, Sir Ian Wood, would make the following comments at the company's annual general meeting Wednesday:
"In Engineering & Production Facilities, we began the year with good momentum, particularly in our Engineering activities and expect this to continue throughout the year. Within Engineering, we are active on a wide range of upstream, midstream and downstream projects. In Production Facilities, we are maintaining our market leading position in the North Sea, where we were recently re-awarded a major onshore contract with Shell. We also continue to make good progress in developing our international Production Facilities presence.
"Well Support's year to date growth is in line with our expectations. We continue to see a good overall performance from our North American activities, despite relatively flat market conditions in the first quarter. International growth continues to be strong, and our investment programs to increase capacity for international markets are progressing well.
"Gas Turbine Services has made a strong start to the year following a number of equipment and project solutions contract awards. Overall, we continue to see healthy demand in the US and international markets for our gas turbine operations and repair services. This should lead to a strong performance for the year.
"We have made an encouraging start to 2007 with notable strength in Engineering
and Gas Turbine Services. The Board is confident of delivering strong growth
for the year, ahead of previous expectations."
- Wood to Design Pioneering LNG Platform (Oct 17)
- Wood Group Wins Total Refinery Maintenance Contract (Oct 11)
- Ichthys LNG Subsea Contract Goes to Wood Group (Sep 06)