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KBR Selected as Preferred Engineering and Project Management Services Provider for BP’s Project 20KTM Program

  KBR Selected as Preferred Engineering and Project Management Services
  Provider for BP’s Project 20KTM Program

Business Wire

HOUSTON -- November 15, 2012

KBR (NYSE: KBR) announced today that it was selected as BP’s preferred
Engineering and Project Management Services (EPMS) provider for the Select
Stage activities of their Project 20K^TM program.

KBR will provide technical design studies and management plans for new
technologies, develop program execution plans, conduct risk assessments,
determine capital cost estimates and schedule estimates across four main
20K^TM systems: drilling, well design and completions, subsea production
systems and well interventions and containment.

KBR will act as the central point for ensuring the 20K^TM program is
administered using standard processes and global quality assurance guidelines
that incorporate BP requirements. KBR will also serve as the repository for
program documentation and as the clearinghouse for supply chain management and
procurement services. The project will be managed from KBR’s Houston Operating
Center, utilizing the company’s growing high pressure, high temperature
engineering and management capability spread between KBR’s subsidiary,
Granherne and KBR resources in its Houston and London offices.

"We are excited about being selected to provide the EPMS resources to help BP
deliver this critical program,” said Roy Oelking, KBR Group President,
Hydrocarbons. “KBR will leverage its extensive experience in managing the
various interfaces among BP, industry suppliers, OEMs, engineering
contractors, and design houses to successfully complete the project.”

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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