KBR to Execute FLNG Production Vessel Design Work for GDF SUEZ

  KBR to Execute FLNG Production Vessel Design Work for GDF SUEZ

         Award Pre-qualifies KBR as Contender for EPC Delivery Phase

Business Wire

HOUSTON -- November 07, 2012

KBR (NYSE:KBR) today announced that it has been selected by GDF SUEZ Bonaparte
Pty. Ltd. (GDF SUEZ), operator of the Bonaparte LNG project, to execute
floating liquefied natural gas (FLNG) production vessel design work for its
project offshore Darwin, Australia.

This award is one of two contracts being let by GDF SUEZ as part of an initial
concept definition design competition for the vessel. The award also
pre-qualifies KBR as a contender for the EPC delivery phase of the project.
The concept definition work is already underway in KBR’s London operations
centre in Leatherhead, and is expected to last up to 12 months.

KBR has developed an extensive global FLNG engineering capability in recent
years, and draws on its experienced resource pool with capabilities in FPSO
and onshore LNG EPC delivery.

“KBR is delighted to be working with GDF SUEZ on this project. We look forward
to working together in a new relationship which we hope will prove valuable
for both companies as this project moves towards the EPC phase,” said Roy
Oelking, Group President, Hydrocarbons. “This work follows KBR’s recent FLNG
front-end projects in London, Houston and Perth. FLNG represents a new market
for the industry and KBR’s engineering capability is already being utilized in
several FLNG projects around the world.

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

Contact:

KBR
Zac Nagle, 713-753-5082
Vice President,
Investor Relations and Communications
Investors@kbr.com
or
Marianne Gooch
Director, Corporate Communications
Media Relations Hotline: 713-753-3800
Mediarelations@kbr.com
 
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