Willbros Announces New Contracts, Sale of Opal Facility

Wednesday, January 18, 2006
Willbros Group, Inc. announced that business units in Canada, the United States, the Middle East and West Africa have been awarded multiple projects valued in excess of $175 million. Willbros MSI Canada Inc. (Willbros Canada) has been awarded a contract for the fabrication of process modules by Canadian Natural Resources Limited (CNRL). The modules will be fabricated in Edmonton, Alberta at Willbros Canada's new 90,000 square foot fabrication facility which was readied for service over the past year. The contract will run through the third quarter of 2006 and anticipates the follow-on services to erect, install and commission the modules at CNRL's Horizon Oil Sands Project. In the United States, Willbros RPI, Inc. (Willbros RPI), Houston, Texas, is constructing 45 miles of 30-inch natural gas pipeline construction in North Texas and was awarded another project for the installation of 22 miles of 42- inch natural gas pipeline, also in Texas, for Energy Transfer Corporation. Willbros RPI is also completing 74 miles of 24-inch products pipeline in the Southeastern United States and the relocation of two natural gas processing plants in North Texas and Oklahoma. Willbros Engineers, Inc. (WEI), Tulsa, Oklahoma has been awarded several significant engineering contracts for confidential projects and that WEI is operating at higher levels of activity in response to an increased flow of projects in the natural gas pipeline sector in North America. The Oman Construction Company (TOCO), Muscat, Oman, has been awarded an engineering, procurement and construction project for the design and installation of a 104 kilometer, 18-inch natural gas condensate pipeline and an 80 kilometer, 36-inch natural gas pipeline in the Kauther area of Oman. The project is in its initial stage with completion anticipated in the third quarter of 2007. In West Africa, Willbros units have been awarded a new assignment for installation of pipeline and plant facilities on Bonny Island for Total subsidiary Elf Petroleum Nigeria, Limited. The project is expected to be complete in the second quarter of 2006. Willbros also announced that Tulsa, Oklahoma-based Williams has purchased the TXP-4 natural gas processing train at a complex in Opal, Wyoming. The capital raised from the sale would be redeployed in core business opportunities. Willbros received cash payments of approximately $32.5 million for the sale.
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