Disposal

Wood Group (John) PLC
12 December 2005

  WELLDYNAMICS ACQUIRES WOOD GROUP'S PRODUCTION TECHNOLOGY (PROTECH) BUSINESS


Oil and gas intelligent completion specialist WellDynamics has acquired the
Production Technology (ProTech) business of John Wood Group PLC ('Wood Group')
for an initial consideration of $24.5m plus an additional working capital
payment.

The acquisition will combine WellDynamics' premier intelligent well systems with
ProTech's permanent downhole, subsea and surface monitoring products creating a
broad portfolio of advanced well technology solutions.

Derek Mathieson, director of Technology for WellDynamics, said, 'Both
WellDynamics and ProTech have invested significantly in building their
respective product portfolios and in technologies to improve the reliability of
intelligent well products.  Our product lines and reliability engineering
capabilities are complementary and this acquisition will combine the expertise
of WellDynamics and ProTech to deliver continuous improvement in world class
SmartWell solutions.'

'Our ROC(TM) product range is now widely recognized as one of the best premium
monitoring systems in the business,' explained David Blacklaw, General Manager
of ProTech, 'We believe that the product pull-through opportunities make ProTech
an excellent fit with the core activities of WellDynamics.  We have already
demonstrated this on many projects globally where we have worked closely with
WellDynamics to serve our common customers.'

Within WellDynamics, the ProTech division will continue to provide its renowned
high standard of solutions and services to the stand-alone monitoring market and
the partnership will address the increasing customer demand for integrated flow
control and monitoring systems.  This is an important step for WellDynamics
toward achieving the goal and vision of delivering comprehensive SmartWell(R)
advanced well management solutions.  The combined expertise and comprehensive
product offerings of WellDynamics and ProTech will enhance clients' reservoir
management capabilities through innovative and cost-effective reservoir
monitoring and production optimization solutions.

Phil Longorio, CEO of WellDynamics, said, 'The intelligent well market is
growing at an exciting rate. The combined energy of our people will enhance
WellDynamics' industry leadership position and will allow us to respond to the
ever increasing challenges of our clients to deliver new technologies which
improve reservoir asset value.'

John-Paul Jones, President of Wood Group Logging Services, said, 'ProTech has
been a good business for Wood Group and its talented management has created some
excellent technology.  Ultimately, however, we considered that ProTech was not
core to our business, and that it would progress better under the ownership of
Well Dynamics, who, along with its shareholders, are ProTech's largest 
customer.'



Notes to editors:



WellDynamics is the world's market leader in intelligent completion technology.
Formed as a joint venture between Halliburton Energy Services and Shell
Technology Ventures, WellDynamics uses advanced intelligent well technology to
deliver the world's premier solutions for surface controlled reservoir
monitoring and management of complex wells.  As well as its operations in
Houston and Aberdeen, WellDynamics has a manufacturing plant in Livingston
Scotland, and sales teams and operations in Norway, Brazil, Italy, Dubai, Saudi
Arabia, Malaysia, Brunei and Australia.



Wood Group Production Technology (ProTech) operated as a separate business
within Wood Group Logging Services in Wood Group's Well Support division.
ProTech employs around 100 people and has operations in Aberdeen, Houston and
Stavanger.  ProTech provides chemical injection systems and reliable permanent
downhole, subsea and surface monitoring systems that supply multi-point pressure
and temperature, distributed temperature (DTS) and flow data. ProTech has
developed a range of technologically-advanced systems including ROC gauge
systems, subsea wellhead sensors and ElectroFiber, an electro-optical fiber
system offering cost-effective, efficient monitoring solutions to well
operators.



Wood Group Logging Services (WGLS) specializes in cased hole well logging,
memory production logging and slickline services. Wood Group Logging Services
operates from 10 locations along the U.S. Gulf Coast, and in Argentina and
Venezuela. The company recently scored first in overall customer satisfaction
for pipe recovery, cased hole logging and perforating services in independent
surveys that ranked service companies operating in South Texas and Louisiana,
and along the Gulf of Mexico



For further information contact:



WellDynamics

Esmeralda McLeane, Technical Services
Tel: [phone]
E-Mail : [e-mail]

Wood Group

Carolyn Smith, Corporate Communications - Eastern Hemisphere
Tel: [phone]
E-mail : [e-mail]

Bobbie Ireland, Corporate Communications - Western Hemisphere
Tel: [phone]
E-mail : [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange