KBR Awarded Major Engineering Design Contract by BP for Shah Deniz Stage 2 Project

  KBR Awarded Major Engineering Design Contract by BP for Shah Deniz Stage 2
  Project

Business Wire

HOUSTON -- December 30, 2013

KBR (NYSE: KBR) today announced that it was awarded a contract by BP
Exploration (Shah Deniz) Limited to provide detailed engineering and
procurement support services for the Shah Deniz Stage 2 Project located in the
Azerbaijan sector of the Caspian Sea. It will be booked into backlog in Q4
2013.

This contract win follows the successful completion of FEED services for Shah
Deniz Stage 2 and will be delivered through KBR’s offices in the U.K.,
Singapore and Indonesia.

“KBR is delighted to continue our longstanding relationship with BP and its
partners by taking this world class energy project to the execution stage and
follows KBR’s 20 year presence and successful track record in Azerbaijan
working with BP on both the Shah Deniz and ACG fields,” said Roy Oelking,
Group President, Hydrocarbons.

KBR will provide engineering design and procurement support services for an
offshore complex consisting of two bridge-linked fixed jacket platforms as
well as an onshore gas processing facility. The onshore facility consists of
two gas processing trains with 900 mmscf/d capacity each and condensate
processing facilities with about 105 mbd capacity located adjacent to the
existing Shah Deniz Stage 1 facilities at Sangachal Terminal. This work will
start in January 2014 and run through to 2018.

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
Vice President,
Investor Relations and Communications
713-753-3625
Investors@kbr.com
or
Richard Goins
Director, Corporate Communications
713-753-8209
Mediarelations@kbr.com