WGII Washington Grp. International (MM)

BOISE, Idaho and DENVER, Jan. 29 /PRNewswire-FirstCall/ -- Washington Group International (NASDAQ:WGII) announced today it has been awarded a cost-reimbursable contract by ExxonMobil for work at a natural gas production facility in the Piceance Basin region of Colorado. Washington Group will provide engineering, procurement and construction management services for ExxonMobil's Piceance Development Project near Rifle, Co., approximately 180 miles west of Denver. Washington Group will work on the offsite facilities, including those related to well pads, gathering pipelines, metering stations, separation facilities, interconnects to a gas plant to be installed by others, and an administration/maintenance complex. The facilities support production of natural gas from a large gas field in the Piceance Basin that underlies northwest Colorado. "As energy demands increase, this regional source of gas is likely to be tapped more and more," said Gary C. Baughman, president of Washington Group's Industrial/Process Business Unit. "We're pleased to be working with ExxonMobil to develop this new energy resource. Our long history of gas-processing experience in the region will be especially useful for the project." Detailed engineering is under way in Washington Group's Denver office. Procurement is expected to begin early in 2007 with site mobilization following soon after. Washington Group International (NASDAQ:WGII) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. With more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation, and water resources. For more information, visit http://www.wgint.com/. 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 1A. Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2005. DATASOURCE: Washington Group International CONTACT: Media, Jerry Holloway or Laurie Spiegelberg, +1-208-386-5255, or Investors, Earl Ward, +1-208-386-5698, all of Washington Group International Web site: http://www.wgint.com/

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