KBR to Execute Oil Sands Tailings Management Project for Syncrude Canada Ltd.

  KBR to Execute Oil Sands Tailings Management Project for Syncrude Canada
  Ltd.

Business Wire

HOUSTON -- November 20, 2012

KBR (NYSE:KBR) announced today that it was awarded two contracts for Syncrude
Canada Ltd. (Syncrude) to execute module fabrication and field construction
for its Fluid Fine Tailings – Centrifuging Full Scale Plant (FFT-CFSP) in Fort
McMurray, Alberta, Canada. Syncrude, which operates a surface mining oil sands
plant in northeastern Alberta, is currently implementing a multi-pronged
approach to manage tailings – the byproduct of the bitumen extraction process.

KBR Canada subsidiary, KBR Industrial Canada, Co., as the General Contractor,
will provide constructability, module fabrication and construction services
for FFT-CFSP, a project using Syncrude’s newest tailings reduction technology.
Module fabrication is scheduled to begin late this year and run through the
end of 2013. Construction will follow with mechanical completion scheduled to
allow plant start-up in 2015. The process is designed to pump fluid fine
tailings through a series of centrifuges to separate the maximum amount of
water from the solids. Released water will be recycled for plant operations
and the soil product of the centrifuge process will have sufficient density
and strength to be placed in deposits, then capped and reclaimed.

“With a long history of successful project delivery for Syncrude, we are
pleased to collaborate once again with one of our premier clients on
FFT-CFSP,” said Karl Roberts, Senior Vice President, KBR Canada. “As a veteran
Alberta module fabricator and contractor, KBR has coupled our experience and
strengths to deliver a comprehensive execution plan that will ensure Syncrude
of a world-class environmental 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, 717-753-5082
Vice President, Investor Relations and Communications
Investors@kbr.com
or
Marianne Gooch, 713-753-3800
Director, Corporate Communications
Mediarelations@kbr.com