SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

April 07, 2011 07:00 ET

Willbros Awarded Government-Owned, Contractor Operated Contract

HOUSTON, TX--(Marketwire - April 7, 2011) - Willbros Group, Inc. (NYSE: WG) announced today that the Defense Logistics Agency-Energy (DLA-Energy) awarded a fuel services contract for approximately $5 million to the Willbros Hammer LLC Joint Venture at the Naval Station (NS) Rota, Spain. The five-year contract includes an option for an additional six-month period. 

Willbros Government Services (U.S.) LLC and its joint venture partner, Hammer, Inc. will be responsible for operating the Government-Owned, Contractor Operated (GOCO) hydrant facility to include alongside aircraft refueling and operation and maintenance of the hydrant system at Naval Station Rota, Spain. The facility will provide petroleum products and services for government operations.

Rich Cellon, President, Willbros Downstream Oil & Gas, commented, "Although the Willbros Hammer JV is a new entity, we have worked together on previous government contracts for over a decade. We are pleased to have another opportunity to work for the DLA-Energy and look forward to delivering superior quality and value with our joint venture partner."

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 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; availability and 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