Duval will now operate as Wood Group Duval within the Group’s Wood Group PSN business division, and will complement the division’s existing onshore US production facilities support services.
Wood Group PSN Americas president Derek Blackwood said the acquisition of Duval has provided the company with a robust platform for growth in the key Eagle Ford shale region and increase its overall exposure to the US onshore unconventional oil & gas markets.
”Duval’s values are similar to Wood Group’s, with a strong focus on safety, customers and employees,” Blackwood added.
Wood Group Duval president Rene Casas said, Duval has achieved strong growth over recent years, and we anticipate the strong shale market, momentum in our business and the support of Wood Group will enable continued growth.”
Duval generated sales of about $32m in 2011 and had gross assets of $14m in April 2012. The company has 300 personnel and will continue with the current management team.
Wood Group is an international energy company with three business divisions namely Engineering, Wood Group PSN and Wood Group GTS.
