Willbros UTD Segment Announces Bookings of $105 Million

HOUSTON, Dec. 13, 2016 -- Willbros Group, Inc. (NYSE:WG) today announced that its Utility Transmission & Distribution segment has been awarded two new awards with an estimated value of $105 million. The first is the formalization of a discrete contract for the construction of an underground transmission duct bank referenced in Willbros’ Q3 2016 conference call. Construction by the WTD East business unit has commenced in the fourth quarter of 2016 and is anticipated to be completed during the second quarter of 2017. The second award was also secured by the WTD East business unit to convert overhead lines to underground and will be performed under an MSA agreement over a three year period.

Mike Fournier, President and CEO, said “These awards support our strategic plan of growing our Utility T&D business.”

About Willbros

Willbros is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development 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 unanticipated accounting or other issues regarding any material weaknesses in internal control over financial reporting; inability of the Company or its independent auditor to confirm relevant information or data; unanticipated issues that prevent or delay the Company’s independent auditor from completing its review of financial statements or that require additional efforts, procedures or review; the untimely filing of financial statements; pending and potential investigations and lawsuits; the identification of one or more issues that require restatement of one or more other prior period financial statements; ability to remain in compliance with, or obtain additional waivers or amendments under, the Company's existing loan agreements; the existence of other material weaknesses in internal control over financial reporting; contract and billing disputes; availability of quality management; availability and terms of capital; changes in, or the failure to comply with, government regulations; 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; development trends of the oil and gas, and power 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.

CONTACT: 
Stephen W. Breitigam
VP Investor Relations
Willbros
713-403-8172