Yokogawa and Wood Group sign agreement for turbine and rotating equipment controls solutions

December 11, 2007 - Yokogawa Corporation of America (“Yokogawa”) and Wood Group Turbine Control Services, Inc. (TCS), part of the Gas Turbine Services Division of international energy services company, John Wood Group PLC (“Wood Group”), today announced a cooperative agreement for turbine and rotating equipment controls solutions.

Under the agreement, Yokogawa will utilize TCS to provide turbine controls and associated services. Wood Group will use Yokogawa Controls and Instrumentation where appropriate to supplement their current service offering.

“This agreement greatly increases both companies’ ability to meet their customer’s needs in the power generation, hydrocarbon processing and industrial energy markets where control retrofits include instrumentation, control and safety of rotating machinery.“ John Bowron, Vice President, Sales and Marketing for Yokogawa Corporation of America, said. Yokogawa’s extension of expertise into turbine control and rotating equipment has long been requested by many of our customers. This relationship with Wood Group makes that a reality.”

Steve Huval, President of TCS, said: "We are very excited to formalize the relationship that we have enjoyed with Yokogawa. Their newly introduced, state-of-the-art Yokogawa hardware, combined with TCS' substantial turbine control experience, brings a new level of value to our customers."

About Yokogawa Corporation of America
Yokogawa's global network of 18 manufacturing facilities, 84 companies, and over 650 sales and engineering offices spans 33 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,000 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa.

About Wood Group
Wood Group is an international energy services company with more than $4.0bn sales, employing 22,000 people worldwide and operating in 46 countries. Wood Group has three businesses - Engineering & Production Facilities, Well Support and Gas Turbine Services - providing a range of engineering, production support, maintenance management, and industrial gas turbine overhaul and repair services to the oil and gas, and power generation industries worldwide.

About Wood Group Gas Turbine Services
Wood Group Gas Turbine Services is the world-leading independent provider of integrated maintenance solutions, and repair and overhaul services for industrial gas turbines, used for power generation, compression and transmission in the oil and gas and power-generation industries.