KBR's Phenol Technology Selected by Saudi Aramco and Sumitomo for Rabigh II Project Feasibility Study

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Houston, Texas- December 8, 2009 - KBR (NYSE: KBR) today announced that it has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Co., Ltd. (Sumitomo) to provide basic engineering and related services for its phenol technology in support of a detailed feasibility study for development of the companies' joint Rabigh II Project. The project is planned as a major expansion of the existing petroleum refining and petrochemical production complex in Rabigh, Saudi Arabia.

KBR will provide a basic engineering package and related services to facilitate the feasibility study, a joint initiative between Saudi Aramco and Sumitomo. The study is designed to evaluate the viability of investment in the Rabigh II Project, which includes an ethane cracker, a new aromatics complex and various petrochemical units including phenol and acetone.

"KBR looks forward to participating in its second grassroots phenol project in Saudi Arabia and building on our existing technology portfolio in the Middle East market," said Tim Challand, President, KBR Technology. "Upon successful completion of the feasibility study, we also look forward to providing our innovative phenol technology to the project and assisting Saudi Aramco and Sumitomo in achieving their production goals for Rabigh II."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.

CONTACT:
KBR, Houston
Director, Investor Relations
Rob Kukla, Jr., 713-753-5082

investors@kbr.com

or
Director, Communications
Heather Browne, 713-753-3775

heather.browne@kbr.com

News Source : KBR's Phenol Technology Selected by Saudi Aramco and Sumitomo for Rabigh II Project Feasibility Study