Press Release

HOUSTON - July 9, 2015 - KBR announced today that it received an award from Hydrocarbon Processing for its work on the Sadara Chemical Project in Saudi Arabia. The award was presented during the recent sixth annual International Refining and Petrochemical Conference in Abu Dhabi, United Arab Emirates.

The Sadara Chemical joint venture won the top petrochemical project by Hydrocarbon Processing readers through an online survey last year and was selected for its impact on the global petrochemical industry.

KBR has been actively involved with this project since its inception in 2007 and has executed the project feasibility and pre-FEED for the entire complex, as well as the FEED scopes of several major assets. KBR is also a licensor of its Aniline technology for the project. KBR is currently the project management contractor (PMC) and has about 700 specialized personnel at the Jubail site, where the company has achieved an impressive OSHA Total Recordable Incident Rate (TRIFR) of 0.03 and zero incidents since 2009. This is an outstanding result for such a mega-project in the Region.

"KBR is honored to receive this award and commends Sadara for being recognized for its outstanding work in developing the project," said Jay Ibrahim, KBR President of Engineering & Construction - Middle East North Africa. "KBR will continue its long-standing partnership with Sadara throughout the upcoming commissioning and operations phases of the project as Sadara's 'Engineering Contractor of Choice.'"

The Sadara Chemical Project is currently in the construction phase for what will be the world's largest chemical complex ever built in a single phase. With 26 integrated world-scale manufacturing plants that will produce more than three million tons of products every year, it is anticipated that Sadara will become a Fortune 500 company within the first year of full operation.

About KBR

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,000 people worldwide with customers in more than 70 countries and operations in 40 countries across three distinct global businesses:Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services, Government Services, including program management and long term annuity contracts

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results. At KBR, we deliver. Visit www.kbr.com. 

Forward Looking Statement

The statements in this press release that are not historical statements, including statements regarding future financial performance, 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 its former parent; 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 company.

KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, 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.

For further information, please contact:

Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Marit Babin
Director, Global Communications & Government Relations
713-753-3800
Mediarelations@kbr.com