Shaw Selected by Marathon to Provide Professional Services for Benzene Reduction Projects at Three Refineries

BATON ROUGE, La.--(BUSINESS WIRE)--

The Shaw Group Inc. (NYSE: SGR) announced today that its Energy & Chemicals Group has been selected by Marathon Oil Corporation (NYSE: MRO) to provide project management, engineering and procurement services for the feasibility and definition phases of benzene reduction projects at Marathon's refineries in Robinson, Ill., Garyville, La., and Catlettsburg, Ky.

Future phases of the three projects are expected to be completed prior to the Jan. 1, 2011, mandated date for reduction of benzene content in gasoline to new EPA standards. The value of Shaw's contract, which has been included in the company's previously announced backlog of unfilled orders, was not disclosed.

"Shaw's extensive refinery expertise, coupled with our track record of assisting customers in meeting new clean fuels regulations, position us to secure additional projects as refiners modify facilities to meet the new and emerging regulatory requirements," said Lou Pucher, president of Shaw's Energy & Chemicals Group.

Shaw currently is providing engineering and procurement services for a 70,000 barrels per day (bpd) heavy gas oil hydrocracker unit and a 47,000 bpd kerosene hydrotreater unit as part of Marathon's Garyville Major Expansion Project in Louisiana.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal 2008 revenues expected to exceed $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 27,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans" or other similar expressions) and statements related to revenues, earnings, backlog or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's Web site under the heading "Forward-Looking Statements." These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis, visit our Web site at www.shawgrp.com.

Source: The Shaw Group Inc.