Willbros Group's West Africa operating unit has
received a letter of intent (LOI) from a major international E & P Company
authorizing commencement of a portion of the work associated with a contract
to retrofit and revamp existing platforms offshore West Africa. WWAI and its
client are engaged in the finalization of the contract related to the work and
WWAI anticipates that the contract will be executed before the termination
date of the LOI.