Wood Group sells Well Support division to GE

GE Oil & Gas is acquiring John Wood Group plc’s Well Support division, including its electric submersible pump business, in a US$2.8 billion deal. Wood Group’s Well Support division has three business platforms: ESP (electric submersible pumps), Pressure Control and Logging Services. The Well Support division had 2010 revenues of US$947 million and EBITDA of […]