Willbros Completes Acquisition of the Engineering Business of Wink Companies LLC

• Press Release
• Source: Willbros Group, Inc.
• On 4:20 pm EDT, Thursday July 9, 2009

HOUSTON, TX--(Marketwire - 07/09/09) - Willbros Group, Inc. (NYSE:WG - News) announced today that it has completed the transaction to acquire the engineering business of Wink Companies LLC ("Wink"), Baton Rouge, Louisiana. The Company had previously announced a definitive agreement to acquire Wink on June 18, 2009.

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Symbol	Price	Change
WG	16.18	+0.22

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Randy Harl, President and Chief Executive Officer, remarked, "We are pleased to have expeditiously closed this strategic acquisition which completes our downstream integrated engineering, procurement and construction ('EPC') offering. We welcome Wink to Willbros and have already begun integrating Wink into our Downstream segment and look forward to offering customers a Willbros solution to their EPC needs."

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 investigations; additional disruptions to the global credit markets; the current global recession; 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 introduce new services to the markets served; 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