WOOD Group ESP, part of Aberdeen-based international energy service company John Wood Group, has opened a new service facility in Bogota, Colombia to overhaul, assemble and test electric submersible pumps (ESPs).
The facility is the first of its kind for Wood Group in the country.
Gary Ford, president of Wood Group ESP, said: “We have had a presence in Latin America for many years, providing products and services to clients in Argentina, Ecuador, and Venezuela and are excited to be expanding into the Colombian market.”
Construction of the 35,000-plus square-foot complex, which includes an assembly facility and administrative offices, began in February.
It is expected to decrease turnaround time and will provide additional service options for local clients, including equipment assembly/dismantling and failure analysis, spare-part inventory management, surface-pumping system assembly and repair, drive testing and repair.
Wood Group ESP employs about 30 people in Colombia and has plans to hire additional field service personnel.
Oil and gas engineering contractor Acergy said yesterday the medium and long-term fundamentals for the business remained robust, and coupled with a solid backlog and strong balance sheet it was well positioned to capitalise on anticipated market growth.
The group reported pre-tax profits of £87million for the three months to the end of August against profits of £63.3million a year earlier and said its order book had grown 20% year-on-year to £1.78billion at August 31.