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KBR to Execute FEED for Mansuriya Full Field Development for Turkish Petroleum Overseas Company



  KBR to Execute FEED for Mansuriya Full Field Development for Turkish
  Petroleum Overseas Company

   Project Expected to Help Alleviate Current Electricity Problems in Iraq

Business Wire

HOUSTON -- December 05, 2012

KBR (NYSE: KBR) today announced that it has been awarded the Mansuriya Full
Field Development contract to perform front end engineering and design (FEED)
studies and Quality Control Support Services (QCSS) for the Turkish Petroleum
Overseas Company (TPOC), a wholly owned subsidiary of Turkish Petroleum
Corporation (TPAO), in Diyala Province, Republic of Iraq. The Mansuriya
project is expected to help alleviate current problems with intermittent
electricity experienced in Iraq by supplying fuel to power stations and
feedstock for industrial plants.

KBR will perform FEED studies and QCSS during the EPC phase for the field’s
production and export systems, which systems extend from immediately
downstream of the well up to and including the road-loading gantries at the
liquefied petroleum gas storage and loading facility and sulphur bagging and
storage. The FEED study and QCSS are designed to help TPOC start the first gas
production in mid-2015 and help raise the Mansuriya field raw gas production
to receive a plateau level of approximately 320 MMscf/d net dry gas by
mid-2017, which is expected to be maintained for an estimated period of 13
years.

Services for the project will be based out of KBR’s offices in London and
Jakarta. KBR’s Baghdad office will play a role in supporting local employee
content for the project. The project is expected to be completed in 2017.

“The Mansuriya project builds upon KBR’s long-standing commitment to serve
Iraq and further solidifies our position as a premier contractor in the Middle
East,” said Khaled Abu-Nasrah, President, Middle East Region. “KBR brings the
experience and expertise of working in logistically challenging areas like
Diyala, so we are able to successfully navigate issues to help TPOC meet its
first gas date. I am confident that KBR’s successful execution of this project
will position us for additional services in Iraq and throughout the region.”

Mansuriya participating interests are: TPAO (operator –37.5%), Oil Exploration
Company (25%), Kuwait Energy (22.5%) and Korea Gas Corporation (15%).

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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