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KBR Awarded Development Contract for Araromi Refinery Project by FPR, Inc.

HOUSTON, Jun 01, 2010 (BUSINESS WIRE) --KBR (NYSE: KBR) announced today that it has been awarded a contract by Houston-based FPR Inc. to provide Design and Early Engineering Services for the development of the Araromi Refinery Project in the OK Free Trade Zone (OKFTZ) in Nigeria.

KBR will execute the Design and Early Engineering Services for a low complexity 160,000 barrels per day Greenfield refinery and marine facility estimated in excess of US$3 billion. The refinery will produce motor gasoline, automotive gas oil, kerosene and jet fuel. This work will be executed primarily in the Republic of South Africa and the United States.

This award marks the first contract awarded under a Memorandum of Agreement (MOA) under which the two firms anticipate executing various phases of the project which include EPC-GM and Operation and Maintenance. The Araromi Refinery Project will be developed in phases, with an ultimate capacity of 320,000 barrels per day with a full petrochemical complex.

Pursuant to FPR's mission, the refinery will enhance the social and economic development of the host country.

"We are proud to partner with FPR, Inc. and assist in the development of the Araromi Refinery Project, a refinery that is anticipated to have a positive impact on the Nigerian market," said John Quinn, President, KBR Downstream. "This award demonstrates KBR's commitment to Africa and allows us to enhance an already robust portfolio of refinery design, engineering and construction in the region."

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.

SOURCE: KBR

KBR
Director, Communications
Heather Browne, 713-753-3775
heather.browne@kbr.com
or
Director, Investor Relations
Rob Kukla, Jr., 713-753-5082
investors@kbr.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding KBR, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.