as nyse wg industry construction founded 1908 1908 founder william brothers company headquarters five post oak park houston texas united states services energy infrastructure services . electric services include high voltage power lines substations . oil & gas services include pipeline pipeline integrity and facility construction . number of employees 10 000 website www.willbros.com five post oak park the company s headquarters willbros group inc. is a global engineering and contractor company based in houston texas united states . it is listed in the new york stock exchange . the company operates in the field of energy infrastructure services . willbros provides engineering procurement and construction such as refinery turnarounds pipeline construction pipeline integrity management gis consulting and other specialty services . willbros was founded by william brothers company in 1908 . it is organized under laws of panama . it was reorganized as a public company in 1996 . originally it was headquartered in tulsa oklahoma . however in 2000 it moved its administrative headquarters to houston texas . 1 in 2006 willbros discontinued its operations in nigeria and venezuela although in 2004 nigeria accounted about 25 % of company s global revenue . 1 2 this decision was due to political instability and the militant attacks in nigeria . 2 before making this decision nine willbros workers were taken hostage by nigerian militants . 3 on february 28 2005 willbros group inc. said that it was restating financial reports from 2002 on and forecast 2005 earnings far below wall street estimates . the adjustments would lower 2002 profit by 900 000 widen the 2003 loss by 2.6 million . 4 on 14 may 2008 the united states securities and exchange commission filed a suit against willbros group and its former managers due to multiple violations of the foreign corrupt practices act in nigeria ecuador and bolivia in 2003 2005 . 1 willbros agreed to pay us 32.3 million in penalties while two of its former managers were sentenced to more than a year in prison . 5 6 in 2010 willbros expanded its activities from the oil and gas industry services to the electric transmission and distribution market by the acquisition of infrastrux group for about 480 million . 7 in september 2011 standard & poor s lowered willbros group s credit ratings to b with a negative outlook . 8 in november 2015 it was announced michael fournier was named chief executive officer . fournier was the chief operating officer before being appointed to this post . 9 see also edit houston portal companies portal list of oilfield service companies references edit a b c loftin harold 2008 . willbros group inc. et al. securities and exchange commission litigation complaint . diane publishing . isbn 978 1 4578 0654 4 . a b hensel bill 2006 08 06 . willbros decides to pull out of nigeria and sell assets . houston chronicle . retrieved 2011 11 06 . willbros evacuates offshore nigeria project following hostage situation . houston business journal . 2006 02 20 . retrieved 2011 11 06 . willbros to restate results on tax issue . flood mary 2010 01 28 . nigerian bribes net willbros executives prison terms . houston chronicle . retrieved 2011 11 06 . poirier john ; vorman julie 2008 05 14 . willbros pays 32.3 mln in bribe settlements gov t . reuters . retrieved 2011 11 06 . willbros to buy infrastrux group for nearly 480m . bloomberg businessweek . associated press . 2010 03 11 . retrieved 2011 11 06 . lamar mia 2011 09 20 . s & p cuts willbros deeper into junk territory . the wall street journal marketwatch . retrieved 2013 10 13 . blum jordan . struggling willbros group names new ceo and chairman . fuel fix . external links edit official website retrieved from https en.wikipedia.org w index.php title willbros group & oldid 743466219 categories companies listed on the new york stock exchangecompanies based in houstonenergy engineering and contractor companiesengineering companies of the united statescompanies of panamahidden categories use dmy dates from january 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 19 57 . text is available under the creative commons attribution sharealike license ; 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