KBR Awarded FEED and Project Management Services Contract by Saudi Aramco for the Jazan Refinery and Marine Terminal Project

Houston, Texas — February 9, 2011 — KBR (NYSE: KBR) today announced that it has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) to provide front-end engineering and design (FEED), and Project Management Services (PMS) for its grassroots Jazan refinery, an anticipated 400,000 barrels per day (BPD) facility to be located in Jazan, Saudi Arabia.

KBR will provide FEED and PMS services to develop the process design, layout, integration and optimization of the facility, develop equipment and material specifications, prepare EPC bid packages and develop an estimate for the construction of the refinery. KBR will also assist Saudi Aramco in overseeing, managing and directing the work-related activities for all phases of the Jazan Refinery and Marine Terminal Project. KBR has also committed to execute part of the FEED in the Kingdom of Saudi Arabia. The Jazan Refinery and Terminal project is designed to provide a primary foundation industry for the Jazan Economic City development and to provide additional refined products to satisfy the growth in domestic demand within the Kingdom of Saudi Arabia. Work on the project is expected to begin in February 2011.

“KBR is pleased to be selected to take part in such a significant project for Saudi Aramco,” said John Quinn, President, KBR Downstream. “KBR is committed to providing Saudi Aramco with quality FEED and Project Management Services. Additionally, this award – along with our existing work at Ras Tanura. the Yanbu Refinery and the Shaybah NGL program – signifies KBR’s continued commitment to support Saudi Aramco development programs.”

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.

CONTACT:
Rob Kukla, Jr.
Director, Investor Relations
713-753-5082
investors@kbr.com
or
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Manager, Media Relations
713-753-8694
gabriela.segura@kbr.com