Texas Oil & Gas Magazine Vol 3 Issue 2 | Page 32

Wood Group PSN Grand Opening Kenedy, Texas Wood Group Duval opens new fabrication workshop in Kenedy Local energy services firm invests $1 million in site expansion Wood Group is an international energy services company with around $7 billion in sales, employing about 43,000 people worldwide and operating in 50 countries. The Group has 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 repai r services to the oil & gas, and power generation industries worldwide. Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 29,000 people in more than 35 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimize performance, maintain production, reduce operating costs and provide integrity assurance. Wood Group Duval, founded in Freer, Texas, in 1982, provides maintenance, installation and fabrication services to the South Texas onshore oil & gas market, notably to operators in the Eagle Ford shale region. Duval employs approximately 400 personnel. The Eagle Ford Shale is a hydrocarbon producing formation rich in oil and natural gas fields. The shale play area extends 400 miles from the Texas-Mexico border toward East Texas. It is 50 miles wide and an average of 250 feet thick at a depth between 4,000 and 12,000 feet. Oil reserves are estimated at 3 billion barrels with potential output of 420,000 barrels a day. The region has grown from 40 producing oil leases and 158 producing gas wells in 2009 to approximately 370 producing oil leases and 550 producing gas wells in 2011. 32 Advertising Call 210.853.0213