KBR and AYTB to Provide Long-Term Maintenance Services for SATORP Refinery in Jubail, Saudi Arabia

  KBR and AYTB to Provide Long-Term Maintenance Services for SATORP Refinery
  in Jubail, Saudi Arabia

      Contract Represents KBR Services’ Expanded International Footprint

Business Wire

HOUSTON -- December 26, 2012

KBR (NYSE: KBR) and AYTB announced today that they have signed a seven-year
contract to provide refinery maintenance services for the Saudi Aramco Total
Refining and Petrochemical Company (SATORP) at a new 400,000 bpd refinery in
Jubail, Saudi Arabia. The refinery represents both a major investment by
SATORP, and – as a single construction effort – a unique technical challenge
due to its world-class scale and complexity. The contract value is in the
approximate range between $140 million and $170 million, depending on
services. Production is expected to commence in 2013.

KBR, through a joint venture with Jubail-based AYTB, will deliver full-service
maintenance services at the SATORP refinery. Deliverables under the contract
include overall site management and field supervision of a craft workforce
covering all mechanical, electrical and instrumentation disciplines. KBR and
AYTB will also provide detailed planning and scheduling services, execution of
preventive and predictive maintenance programs, management of subcontractor
activities and procurement of tools and equipment. Additional services include
the development, in partnership with SATORP, of reliability and cost
optimization programs.

“This is a milestone project for KBR as it represents a major step forward for
our Services Business Group, taking on its first long-term maintenance
contract in Saudi Arabia and significantly expanding its international
footprint,” said Ivor Harrington, Group President, KBR Services. “For decades,
KBR has provided a full suite of maintenance services to clients in the U.S.
domestic market and in select overseas markets. We are proud to be
establishing a long-term presence in and commitment to the Middle East.”

This is the first time a major participant in the Saudi Arabian hydrocarbons
industry has outsourced a full-service maintenance contract. Under terms of
the contract, the joint venture between KBR and AYTB will work in partnership
with SATORP to demonstrate a model for delivering services.

“This GMS contract could redefine how plant maintenance will be performed in
the future. The hydrocarbon processing industry in Saudi Arabia and the region
will closely observe the results of such atypical maintenance outsourcing
strategy,” said Abdulmohsen Al-Ogaili, AYTB CEO. “The partners are committed
to realizing the intended long-term benefits of this contract and demonstrate
a model for delivering services which has not previously been tested in the
Kingdom.”

AYTB for 33 years has been known for providing top quality Operation &
Maintenance, Construction, Fabrication, Shutdown/Turnaround, Industrial
Cleaning, Facility management & Catering Services to the Petrochemical, Oil &
Gas Industry in Saudi Arabia and Qatar. For more information, visit
www.aytb.com.

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, 713-753-3625
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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