June 27 (Reuters) - Wood Group said on Friday

Britain's financial watchdog had begun an investigation into the

oilfield services provider, following the company's announcement

last year of an independent accounting review related to some

contracts and charges.

Wood Group said the Financial Conduct Authority (FCA) was

looking into its operations between January 1, 2023, and

November 7, 2024, without giving further details of the review

or investigation.

The company, also a takeover target for Dubai-based Sidara,

said it would "cooperate fully" with the FCA.

The agency in a separate statement confirmed its

investigation, but did not elaborate.

Wood Group in November had agreed with its auditor to

conduct an independent review focused on the company's reported

positions on certain contracts with customers, as well as some

exceptional charges in its interim results.

In late April, the company missed a deadline to file annual

results for 2024, citing the pending audit conclusion and the

timing of the culmination of the review.

Wood Group's shares have been suspended from trading

since May 1.