SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

January 06, 2011 07:00 ET

Willbros Awarded Significant Portion of Maine Power Reliability Program Transmission Line Construction Project

HOUSTON, TX--(Marketwire - January 6, 2011) - Willbros Group, Inc. (NYSE: WG) announced today that a unit of its Utility Transmission & Distribution ("Utility T&D") segment, Hawkeye, LLC, based in Hauppauge, NY, was awarded a contract by Central Maine Power Company, a subsidiary of Iberdrola, USA, to construct two regions of the Maine Power Reliability Program, the Southern Loop Region and the Southern Connector Region, comprising a total of approximately 60 miles of new, single circuit 345 kV transmission lines and the rebuild of certain existing transmission lines, in southern Maine.

Hawkeye expects to commence construction of both transmission lines in the Spring of 2011. The Southern Loop Region, involving the construction of 12.4 miles of new, single circuit transmission lines and the rebuild and relocation of certain existing transmission lines is expected to be completed in the Spring of 2013. The Southern Connector Region, involving the construction of 48 miles of new, single circuit transmission lines and the rebuild of certain existing transmission lines, is expected to be completed in early 2014. The new transmission lines will be constructed on existing rights of way. 

Randy Harl, President and Chief Executive Officer of Willbros, commented, "We are pleased to have the opportunity to work for Central Maine Power Company and this award improves visibility in our Utility T&D segment as we move into 2011."

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; 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