Willbros Awarded Large Diameter Pipeline Project

Nov 12, 2013, 16:10 ET from Willbros Group, Inc.

HOUSTON, Nov. 12, 2013 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today that it has been awarded a contract by NET Mexico Pipeline Partners, LLC to construct the NET Mexico Pipeline. The scope of work includes construction of approximately 120 miles of 42-inch diameter natural gas pipeline from a location near Agua Dulce, Nueces County, Texas, to a delivery point near the City of Rio Grande, Starr County, Texas. The project will include ancillary facilities commencing at a point of interconnection with the Los Ramones Project. Construction will begin in February 2014 and be completed in October 2014.

Randy Harl, President and Chief Executive Officer, commented, "Our bidding philosophy has focused on the capture of high quality backlog. Our patience and discipline is now producing new backlog for our pipeline construction offering which fits our capabilities well and offers the potential for improved margins. This project fits our template with respect to risk and pricing and we now have strong visibility throughout 2014 for pipeline construction. We are pleased to have been selected by NET for this important project."

NET Mexico Pipeline Partners is a subsidiary of NET Midstream, LLC, a privately held natural gas midstream and marketing company, founded in 1996. In addition to NET Mexico Pipeline, NET Midstream operates six pipeline systems in the Eagle Ford Shale, Houston and Corpus Christi. More information can be found at the company's website, www.netmidstream.com.

Willbros is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. Our offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), turnarounds, maintenance, facilities development and operations services. 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 Company's inability to complete its anticipated refinancing of debt or to complete such refinancing on satisfactory terms; 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 consequences the Company may encounter if it is unable to make payments required of it pursuant to its settlement agreement of the West African Gas Pipeline Company Limited lawsuit; the existence of material weaknesses in internal control 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 existing loan agreements; 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 and development trends of the oil, gas, power, refining and petrochemical industries; 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, except as may be required by law.

Michael W. Collier

Connie Dever

Vice President Investor Relations

Director Investor Relations






SOURCE Willbros Group, Inc.