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Washington Group International Wins Contract for Engineering and Design of Sulfur-Handling Facility in the United Arab Emirates Serving the Oil, Gas, and Petrochemical Market

Posted on: Monday, 15 August 2005, 15:00 CDT

BOISE, Idaho and ABU DHABI, United Arab Emirates, Aug. 15 /PRNewswire-FirstCall/ -- Washington Group International announced today that its subsidiary, Washington Enterprises Emirates LLC (WEEL), has won a contract from Abu Dhabi Oil Refining Company (TAKREER) to perform front-end engineering and design services for a sulfur-handling facility in the United Arab Emirates.

The project will be implemented within the Abu Dhabi Oil Refining Company's Ruwais Industrial complex to expand the operation's sulfur-handling capacity to address the continued growth in the oil, gas, and petrochemical market. Sulfur is a byproduct of natural gas/crude oil processing to create products such as gas, LPG, gasoline, diesel fuel, and heating oil. Abu Dhabi Oil Refining Company (TAKREER) is a wholly owned subsidiary of Abu Dhabi National Oil Company (ADNOC).

"Washington Group International is committed to playing a leading role in the worldwide oil, gas, and petrochemical market through our engineering, procurement, construction, and management expertise," said Stephen M. Johnson, senior executive vice president of Washington Group. "This project for Abu Dhabi Oil Refining Company will add to our extensive history in the design and construction of oil, gas, and petrochemical facilities in the Middle East and elsewhere in the world."

In addition to the Abu Dhabi contract, other recent contract wins for the company in the oil, gas, and petrochemical market include a multimillion- dollar contract to provide design, equipment procurement, and construction services for a new sulfur-handling facility in Qatar serving the natural-gas-processing market. The company had earlier performed the front-end engineering and design for the Qatar project.

"We're pleased with the momentum we are seeing in our oil, gas, and petrochemical business and we will expand from here," Johnson said. "It's a key area of focus for the company."

Washington Group International, Inc. (http://www.wgint.com/) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. With approximately 25,000 employees at work in more than 30 countries, the company provides professional, scientific, management, and development services in more than two dozen major markets including power generation, transmission and distribution, and clean air solutions; environmental remediation; heavy civil construction; mining; nuclear services; defense, homeland security, and global threat reduction; industrial, chemical, and pharmaceutical processing; manufacturing; facilities operations and management; transportation; and water resources.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see "Note Regarding Forward-Looking Information" and "Item 1. Business - Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2004.

Washington Group International

CONTACT: Media, Laurie Spiegelberg or Rod Hunt, +1-208-386-5255, orInvestors, Earl Ward, +1-208-386-5698, all of Washington Group International

Web site: http://www.wgint.com/

Source: PRNewswire-FirstCall

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