SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

April 22, 2009 16:05 ET

NiSource Gas Transmission & Storage and Willbros Enter Alliance Agreement Discussions

HOUSTON, TX--(Marketwire - April 22, 2009) - NiSource Gas Transmission & Storage (NGT&S), a unit of NiSource Inc. (NYSE: NI), and Willbros Group, Inc. (NYSE: WG) announced today that they are negotiating a long-term alliance agreement whereby Willbros would be a provider of program development, project management, design, engineering, construction and maintenance services with respect to pipeline system projects.

Under the proposed alliance concept, a joint leadership team of NGT&S and Willbros members would identify, develop, define and evaluate concepts from a commercial perspective. Willbros would provide services necessary to advance concepts to sufficient detail for construction and/or budget approval, and, upon approval, Willbros would execute a work order for any combination of engineering, procurement and construction, execution of the project.

"We are pleased to be working toward forming this alliance, which would allow us to benefit from the experience and capability of Willbros," said Christopher Helms, NGT&S Pipeline Group President. "The alliance would enable us to manage and maintain our pipeline system and its integrity in a more cost-effective manner. We look forward to achieving a higher level of performance as we meet the changing demands of our business environment."

Randy Harl, President and CEO of Willbros, added, "Our role as program manager is to develop and execute the best solutions for the management, maintenance and expansion of NiSource Gas Transmission & Storage Company's pipeline system. Jointly with the NGT&S team, we can draw on over 100 years of industry experience to meet this objective. We are pleased to be joining with NGT&S in this approach to managing and maintaining complex pipeline systems and appreciate the confidence they have shown in our abilities."

NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at www.nisource.com.

Willbros Group, Inc. is an independent contractor serving the oil, gas, power, refining and petrochemical industries, providing engineering, construction, turnaround, maintenance, life cycle extension services and facilities development and operations services to industry and government entities worldwide. For more information on Willbros, please visit our web site at www.willbros.com.

This announcement contains forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments the Companies expect or anticipate will or may occur in the future, are forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from these statements, such as the inability to reach agreement on material terms and such other risks as described from time to time in the Companies' documents and reports filed with the SEC. The Companies assume no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:

    Michael W. Collier
    VP Investor Relations
    Sales & Marketing
    Willbros
    713-403-8038

    Connie Dever
    Director Strategic Planning
    Willbros
    713-403-8035

    Randy Hulen
    Director Investor Relations
    NiSource
    219-647-5688

    Pam Tragesser
    Director Communications
    NGT&S
    713-267-4762

    Cindy Donaldson
    Manager Communications
    NGT&S
    713-267-4763