HOUSTON, TX -- 11/04/09 --
NiSource Gas Transmission & Storage (NGT&S), a
unit of NiSource Inc. (NYSE: NI), and Willbros Group, Inc. (NYSE: WG)
announced today that they have executed a long-term alliance agreement
whereby Willbros will be the provider of program development, project
management, design, engineering, geographic information systems (GIS),
Integrity and maintenance services with respect to pipeline system projects
for NGT&S.
Under the alliance concept, a joint leadership team of NGT&S and Willbros
members will identify, develop, define and evaluate concepts from a
commercial perspective. Willbros will provide services necessary to
advance concepts to sufficient detail for construction and/or budget
approval, and, upon approval, Willbros would execute a work order for any
combination of services in the execution of projects and programs on the
NGT&S system.
"We are pleased to have finalized this alliance, and look forward to
working with Willbros to achieve a higher level of performance as we meet
the changing demands of our business environment," said Christopher Helms,
NGT&S Pipeline Group President.
Randy Harl, President and CEO of Willbros, added, "We have been working
with NGT&S for the past six months, refining our role as program manager
for the NGT&S capital, maintenance, GIS and Integrity programs. This joint
activity has already yielded significant benefits to both NGT&S and
Willbros in the execution and development of the 2009 and 2010 programs.
Through this alliance we will jointly develop and execute the best
solutions for the management, maintenance and expansion of NiSource Gas
Transmission & Storage Company's pipeline system. We are pleased to be
joining with NGT&S in this approach to managing and maintaining complex
pipeline systems and continue to appreciate the confidence they have shown
in our abilities."
NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500
company engaged in natural gas transmission, storage and distribution, as
well as electric generation, transmission and distribution. NiSource
operating companies deliver energy to 3.8 million customers located within
the high-demand energy corridor stretching from the Gulf Coast through the
Midwest to New England. Information about NiSource and its subsidiaries is
available via the Internet at www.nisource.com.
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
VP Investor Relations
Sales & Marketing
Willbros
713-403-8038
Connie Dever
Director Strategic Planning
Willbros
713-403-8035
Randy Hulen
Director Investor Relations
NiSource
219-647-5688
Pam Tragesser
Director Communications
NGT&S
713-267-4762
Shawn Trahan
Manager Communications
NGT&S
713-267-4732