Wood Group Update on the Proposed Acquisition of PSN

Wood Group, the international energy services company, welcomes today's announcement by the OFT not to refer Wood Group's proposed acquisition of PSN to the Competition Commission.

The full decision of the OFT is expected to be published in the next few weeks and Wood Group now expects completion of the acquisition to take place towards the end of April subject to, among other things, satisfactory completion of the UK merger control process or waiver of that condition by Wood Group.

• FCX & PXP Announce Preliminary Results of Merger Election 
• Brazil's Petrobras studying offer for Argentine unit 
• Solo Oil to Acquire 15% Shareholding in Pan Minerals 
• Eni Completes the Sale of 11.69% of Snam 
• Solo to Acquire a 15% Shareholding in Pan Minerals 
• RAK Petroleum Acquires Interest in Ivory Coast Block 27 
• KMP Completes Acquisition of Copano Energy 
• Iraq Launches World’s Largest Flare Reduction Project 
• ADNOC & Shell Form JV for $10bn Bab Sour Gas Project 
• Contango & Crimson Enter into Merger Agreement 

• EEPCI Awards Wood Group 10-year Performance Contract 
• Wood Group Opens New Gas Turbine Service Facilities in Dubai 
• Wood Group Merger with Dar E&C and PI-Consult 
• The Acquisition of PSN 
• Logging, Perforating, Testing 
• Rig Equipment 
• Workover & Well Services 
• Artificial Lift