The Wood Choppers Ball
It's not a bad day at the office, when you walk away with more than £200m.
That looks like the proceeds heading towards Sir Ian Wood, his family and its trust as a result of the sale of the Well Support division.
As you can hear in an interview with the Wood Group chairman, he's upbeat about the success of the division, built up over 20 years, as evidence that Scots can cut it in the industry.
Well support - including blow-out preventers, data logging and the pumps needed to coax oil and gas out of lower-pressure wells - was the toughest part of the industry to crack. But Wood Group cracked it. And some.
However, the company's directors decided last year that it ought to specialise, in an environment where projects are becoming humungous - one billion dollars has become relatively small, replaced by $20 to $30bn projects - where the industry giants are consolidating, and where there is limited synergy between the wellhead business and the main engineering and production services division.
That explains the £600m purchase in December of PSN oilfield services, also Aberdeen-based, which was already expanding fast and has now announced another 100 jobs.
It also helps explain why it has sold the Well Support division - GE winning the race with £1.75bn. Of that, £1.06bn is to be distributed among the company's shareholders.
Sir Ian controls 17% of the stock, and other family members and the trust take that above 20%.
Hence a pretty good payday, and perhaps significant news for the Wood Family Trust's philanthropic work.
I shall leave it to Aberdonians to argue - as they love to do - over its potential impact for plans to revamp Union Terrace Gardens, to which Sir Ian had offered £50m.