KBR, Inc.: KBR Awarded FEED Contract for the Upgrade of the Jebel Ali Refinery in the Jebel Ali Free Zone, Dubai

KBR, Inc.: KBR Awarded FEED Contract for the Upgrade of the Jebel Ali Refinery
                      in the Jebel Ali Free Zone, Dubai

HOUSTON -- March 27, 2014 -- KBR (NYSE: KBR) announced today that it has  been 
awarded a front-end  engineering design (FEED)  contract byEmirates  National 
Oil Company Processing Company  LLC (EPCL) for the  upgrade of its  condensate 
refinery at Jebel Ali.

Expected revenue from the contract was included in the first quarter 2014
backlog of unfilled orders for the Hydrocarbons segment. The contract value
was not disclosed.

Currently, the facility owned by Emirates National Oil Company (ENOC) has  two 
trains of condensate distillation units. The upgrade will add new  processing 
units (jet and diesel hydrotreaters and  isomerization unit) and will lead  to 
production of several Euro V grade products such as high octane gasoline,  low 
sulfur jet fuel and ultra-low sulfur diesel.

KBR's work on this facility is  consistent with the growing trend of  refinery 
upgrades across the Middle East in an effort to meet the rising domestic  fuel 
demands and more  stringent product  specifications, according  to the  Middle 
East business intelligence site, MEED.com.

"Supporting  EPCL's  commitment  to   the  downstream  market  is   critically 
important," said Roy Oelking, KBR  Hydrocarbons Business Group President,  who 
noted that the contract  will be executed by  KBR's London Operating  Center. 
"As a longtime partner  with EPCL, we appreciate  both the importance and  the 
impact this  project  will have  in  enabling  EPCL to  achieve  its  business 

About KBR
KBR is a global engineering, construction and services company supporting the
energy, hydrocarbons, power, industrial, civil infrastructure, minerals,
government services and commercial markets. For more information, visit

Forward Looking Statement
The statements in this press release that are not historical statements,
including statements regarding future financial performance and backlog
information, are forward-looking statements within the meaning of the federal
securities laws. These statements are subject to numerous risks and
uncertainties, many of which are beyond the company's control that could cause
actual results to differ materially from the results expressed or implied by
the statements. These risks and uncertainties include, but are not limited to:
the outcome of and the publicity surrounding audits and investigations by
domestic and foreign government agencies and legislative bodies; potential
adverse proceedings by such agencies and potential adverse results and
consequences from such proceedings; the scope and enforceability of the
company's indemnities from Halliburton Company; changes in capital spending by
the company's customers; the company's ability to obtain contracts from
existing and new customers and perform under those contracts; structural
changes in the industries in which the company operates, escalating costs
associated with and the performance of fixed-fee projects and the company's
ability to control its cost under its contracts; claims negotiations and
contract disputes with the company's customers; changes in the demand for or
price of oil and/or natural gas; protection of intellectual property rights;
compliance with environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income taxes;
unsettled political conditions, war and the effects of terrorism; foreign
operations and foreign exchange rates and controls; the development and
installation of financial systems; increased competition for employees; the
ability to successfully complete and integrate acquisitions; and operations of
joint ventures, including joint ventures that are not controlled by the

KBR's Annual Report on Form 10-K dated February 27, 2014, Form 10-Q for the
quarters ended March 31, 2013, June 30, 2013, and September 30, 2013, recent
Current Reports on Forms 8-K, and other Securities and Exchange Commission
filings discuss some of the important risk factors that KBR has identified
that may affect the business, results of operations and financial condition.
Except as required by law, KBR undertakes no obligation to revise or update
publicly any forward-looking statements for any reason.

Zac Nagle
Vice President,
Investor Relations and Communications

Richard Goins
Director, Corporate Communications


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the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire
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