SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

April 13, 2011 07:00 ET

Willbros Awarded Construction and Engineering Support Project

HOUSTON, TX--(Marketwire - Apr 13, 2011) - Willbros Group, Inc. (NYSE: WG) announced today that Construction and Turnaround Services, a unit of its Downstream Oil & Gas segment, has been awarded a construction and engineering support contract by Silver Eagle Refining, Inc. to restart the MDDW Unit at the Silver Eagle Refinery in Salt Lake City, Utah which was damaged by a fire in 2009. The project is currently underway and is anticipated to be completed during the second quarter of 2011.

Rich Cellon, President, Willbros Downstream Oil & Gas, commented, "We are pleased with this award and believe restarting this unit in the Silver Eagle Refinery further signals improvement in the U.S. refining industry. Willbros has the ability to provide integrated project management, engineering, procurement and construction solutions that add value for our customers. We will continue to provide the highest levels of safety, quality and schedule certainty to all our customers."

Willbros Group, Inc. is a global contractor specializing in energy infrastructure serving the oil, gas and power industries. Our offerings include engineering, procurement and construction (individually or as an integrated "EPC" service offering), refinery turnarounds, ongoing maintenance and other specialty 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 Company expects or anticipates 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, including the potential for additional investigations; disruptions to the global credit markets; the global economic downturn; fines and penalties by government agencies; new legislation or regulations detrimental to the economic operation of refining capacity in the United States; the identification of one or more other issues that require restatement of one or more prior period financial statements; contract and billing disputes; the integration and operation of InfrastruX; the possible losses arising from the discontinuation of operations and the sale of the Nigeria assets; the existence of material weaknesses in internal controls over financial reporting; availability of quality management; availabilityand terms of capital; changes in, or the failure to comply with, government regulations; ability to remain in compliance with, or obtain waivers under, the Company's loan agreements and indentures; the promulgation, application, and interpretation of environmental laws and regulations; future E&P capital expenditures; oil, gas, gas liquids, and power prices and demand; the amount and location of planned pipelines; poor refinery crack spreads; delay of planned refinery outages and upgrades; the effective tax rate of the different countries where the Company performs work; development trends of the oil, gas, power, refining and petrochemical industries and changes in the political and economic environment of the countries in which the Company has operations; as well as other risk factors described from time to time in the Company's documents and reports filed with the SEC. The Company assumes 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
    Vice President Investor Relations Sales & Marketing
    Willbros
    713-403-8038

    Connie Dever
    Director Strategic Planning
    Willbros
    713-403-8035