UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





                                    FORM 8-K



                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934




Date of Report (Date of earliest event reported)     March 4, 2004
                                                --------------------------------

                              WILLBROS GROUP, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Republic of Panama                 1-11953                        98-0160660
------------------            ----------------               -------------------
 (State or other              (Commission File                (I.R.S. Employer
 jurisdiction of                  Number)                    Identification No.)
 incorporation)


                               Plaza 2000 Building
                             50th Street, 8th Floor
                               Apartado 0816-01098
                           Panama, Republic of Panama
                           --------------------------
          (Address, including zip code, of principal executive offices)


Registrant's telephone number, including area code      (50-7) 213-0947
                                                  ------------------------------


        Plaza 2000 Building, 50th Street, 8th Floor, Apartado 0816-01098,
                          Panama 5, Republic of Panama
        -----------------------------------------------------------------
          (Former name or former address, if changed since last report)





Item 5.  Other Events.

         On March 4, 2004, the Registrant issued a press release announcing its
         intention to sell, subject to market and other conditions, $60 million
         aggregate principal amount of its Convertible Senior Notes due 2024 in
         a private, unregistered offering to "qualified institutional buyers,"
         pursuant to Rule 144A under the Securities Act of 1933, as amended (the
         "Act"). The Registrant intends to grant the initial purchasers an
         option to purchase up to an additional $10 million aggregate principal
         amount of the notes. The notes will be convertible under certain
         circumstances into shares of the Registrant's common stock. The press
         release was issued in accordance with Rule 135c promulgated under the
         Act.

         A copy of the press release dated March 4, 2004, is attached as an
         exhibit hereto and incorporated herein by reference.

         The information contained in this Current Report on Form 8-K, including
         the exhibit hereto, is neither an offer to sell nor a solicitation of
         an offer to purchase any of the securities to be offered. The
         securities to be offered have not been registered under the Act or
         applicable state securities laws and may not be offered or sold in the
         United States absent registration or an applicable exemption from the
         registration requirements of the Act and applicable state securities
         laws.

Item 7.  Financial Statements and Exhibits.

         (c) Exhibits.

             99     Press release dated March 4, 2004, issued by the Registrant.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                           WILLBROS GROUP, INC.

Date: March 4, 2004                        By: /s/ Warren L. Williams
                                              ----------------------------------
                                              Warren L. Williams
                                              Senior Vice President, Chief
                                              Financial Officer and Treasurer


                                        2





                                  Exhibit Index


Exhibit
Number                                  Description
-------         ------------------------------------------------------------

99              Press release dated March 4, 2004, issued by the Registrant.