Exhibit 99.1
 
 
 
    CONTACT:   Michael W. Collier
        Vice President, Investor Relations
NEWS RELEASE
     
Willbros USA, Inc.
(713) 403-8016
       
        Connie Dever
        Director, Strategic Planning
        Willbros USA, Inc.
FOR IMMEDIATE RELEASE
      (713) 403-8035
 
WILLBROS ANNOUNCES SECOND QUARTER EARNINGS
OF $0.49 PER DILUTED SHARE FROM CONTINUING OPERATIONS

·  
Company reports consecutive strong quarterly earnings and revenue.
·  
Continuing operations second quarter 2008 net income of $20.1 million compares to net loss of $40.4 million for second quarter 2007.
·  
Second quarter 2008 EBITDA(1) of $48.6 million from continuing operations.
·  
Backlog at June 30, 2008 increased to $1.3 billion, primarily in North America.

HOUSTON, TXAugust 6, 2008— Willbros Group, Inc. (NYSE: WG) today reported its results for the second quarter of 2008. On revenue of $467.7 million, net income from continuing operations for the second quarter of 2008 was $20.1 million, or $0.49 per diluted share, as compared to a loss of $40.4 million, or $1.47 per share, in 2007. Including discontinued operations, Willbros reported second quarter 2008 net income of $19.3 million, or $0.47 per diluted share, compared to a loss of $44.2 million, or $1.61 per share from second quarter 2007. Second quarter 2008 revenue from continuing operations of $467.7 million was approximately three times the $156.7 million reported in second quarter 2007. The increase was attributed to high utilization of the Company’s U.S. large diameter pipeline construction capacity, and from the addition of the Downstream services unit, InServ, which was acquired late in 2007.
 
Randy Harl, President and Chief Executive Officer, commented, “Our second quarter 2008 results reflect the leverage our quarterly performance can achieve when we achieve operational excellence. Our Downstream performance, greatly improved over the first quarter, benefited from the seasonality of the refinery maintenance business and the strong market for field services and storage tanks. We saw strong revenue in our Upstream segment, even after the effect of the spring break-up in Canada, and our Engineering segment continues to provide excellent returns executing high value added assignments. Our focus on risk management and improved processes and procedures has contributed to the improvement in execution, as have the hard work and dedication of our employees. We will continue to focus on our plan to grow Willbros, while managing for the best risk-adjusted returns and improvement of our execution skills. We believe the outlook for our business remains very positive and we continue to add backlog, including recently announced significant project work in our pipeline construction operation in Canada.”
 
1

The following information was filed by Willbros Group Inc on Tuesday, August 12, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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