Wood Group Mustang and Grupo Diavaz Form Engineering Joint Venture in Mexico

Source Press Release
Company John Wood Group PLCGrupo Diavaz 
Tags Asset Deals, Deals, Oil Services
Date June 09, 2016

Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, have created a joint venture engineering business to capitalize on Mexico's energy reform. MUSTANG DIAVAZ is based in Mexico City and will provide engineering, procurement and construction management services to onshore and offshore facilities, and pipelines for the upstream and midstream oil & gas markets in Mexico.

"We are making a long-term commitment to Mexico that includes investing in its people, growing our local project expertise and sharing our global knowledge to form a Center of Engineering Excellence," stated Michele McNichol, CEO of Wood Group Mustang. "Grupo Diavaz's knowledge of the Mexican oil & gas industry combined with Wood Group Mustang's global engineering experience will enable MUSTANG DIAVAZ to provide unmatched expertise to companies operating in Mexico."

"MUSTANG DIAVAZ is also committed to leveraging our extensive experience and expertise to provide customers with predictable project delivery and industry-recognized safety records," explained Luis Vazquez, chairman and CEO of Grupo Diavaz. "We intend to deliver exceptional services that meet or exceed our customers' strategic objectives, providing value without sacrificing safety or quality."

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