KBR Awarded FEED Contract for an IGCC Project near Jazan Economic City, Saudi Arabia

  KBR Awarded FEED Contract for an IGCC Project near Jazan Economic City,
  Saudi Arabia

Business Wire

HOUSTON -- November 12, 2012

KBR (NYSE: KBR) announced today it was awarded a contract to execute front-end
engineering and design (FEED) for an Integrated Gasification Combined Cycle
(IGCC) project near Jazan Economic City, Saudi Arabia. Once complete, it will
be the largest gasifier-based power facility built in the world.

The IGCC complex will convert vacuum residue to electricity and utilities for
a local refinery and export 2.4 Gigawatts of electricity to the Jazan Economic
City and the surrounding region.

This award follows KBR’s recent completion of FEED for the Jazan Refinery and
Terminal, a 400,000 bpd facility located near Jazan Economic City.

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, 713-753-2092
Director, Corporate Communications
Mediarelations@kbr.com