SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

January 24, 2011 06:20 ET

Willbros to Build Segment of the Acadian Haynesville Extension Project in Louisiana

HOUSTON, TX--(Marketwire - January 24, 2011) - Willbros Group, Inc. (NYSE: WG) announced today that a unit of its Upstream Oil & Gas segment has been awarded the construction contract for a portion of the Acadian Haynesville Extension Project, a natural gas pipeline being developed by Acadian Gas LLC, a jointly owned subsidiary of Enterprise Products Partners L.P. and Duncan Energy Partners L.P. The 270-mile project, which expands the existing Acadian Gas Pipeline System, will originate in Red River Parish, LA, southeast of Shreveport, and will terminate near Donaldsonville, LA.

The Acadian Haynesville Extension Project has been divided into three major segments. Willbros has been awarded the construction of Segment 1 which includes approximately 106 miles of 42-inch pipeline, 2.5 miles of 36-inch pipeline and 2.5 miles of 20-inch pipeline. Segment 1 will originate in the northwest portion of Red River Parish, traverse through DeSoto and Natchitoches Parishes and terminate near Boyce, LA. Construction on Segment 1 is expected to begin in February 2011 with completion in August 2011.

Randy Harl, President and Chief Executive Officer, remarked, "We are very pleased to have the opportunity to work with Enterprise as they expand their midstream energy assets. This award is significant for Willbros as it not only improves visibility for our U.S. Construction business unit, but it also reinforces our strategy to leverage our core competencies to perform large capital projects while expanding our regional capabilities. We believe the improvements we have made to our systems and processes over the past few years enable us to deliver superior execution for our customers at competitive pricing."

When completed, the Acadian Haynesville Extension pipeline will be operated by Acadian Gas LLC, which is owned 66 percent by Duncan Energy Partners and 34 percent by Enterprise Products Partners.

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