(Source: MARKETWIRE)

Willbros Group, Inc. (NYSE: WG) announced today that it has been
awarded the construction contract for spreads three and four of the
Fayetteville Express Pipeline (FEP). The approximately 185-mile
natural gas pipeline will originate in Conway County, Arkansas,
continue eastward through White County, Arkansas, and terminate at an
interconnect with Trunkline Gas Company in Panola County,
Mississippi. FEP will parallel existing utility corridors where
possible to minimize impact to the environment, communities and
landowners. FEP is a joint venture between Energy Transfer Partners,
L.P. and Kinder Morgan Energy Partners, L.P. The Willbros scope of
work includes 120 miles of 42-inch pipeline, beginning near Bald
Knob, Arkansas and ending at the Trunkline interconnection. The
project is expected to begin construction in April 2010 and be
completed in October 2010.
Randy Harl, President and Chief Executive Officer, remarked, "This is
a significant project resulting from the continuing development of the
Fayetteville region. The FEP award improves 2010 visibility for our
U.S. pipeline construction business, and we remain convinced that
current favorable economics, combined with the benefits natural gas
provides to the environment, will drive build-out of take-away
capacity in areas such as the Fayetteville, Haynesville and Marcellus
shales. We anticipate additional U.S. pipeline construction
opportunities for Willbros as new infrastructure will be required to
transport hydrocarbons to regions with growing demand. We are pleased
to have been selected and look forward to performing this project
with FEP and its 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; the disruptions to the global credit
markets; the current global recession; the possible losses arising
from the discontinuation of operations and the sale of the Nigeria
assets; fines and penalties by government agencies; the
identification of one or more other issues that require restatement
of one or more prior period financial statements; 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, the refinery crack spread and planned refinery
outages and upgrades, the effective tax rate of the different
countries where the work is being conducted, development trends of
the oil, gas, power, refining and petrochemical industries; 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:
Michael W. Collier
Vice President Investor Relations
Sales & Marketing
Willbros
713-403-8038
Connie Dever
Director Strategic Planning
Willbros
713-403-8035
SOURCE: Willbros Group, Inc.
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