KBR Subsidiary Granherne Selected for Conceptual Study as Part of StatoilHydro ASA’s Gullfaks 2030 Project

KBR (NYSE:KBR) today announced that its consulting subsidiary Granherne has been selected to take part in a conceptual study of StatoilHydro ASA�s Gullfaks 2030 project to extend the production from the gas field.

The award builds on previous conceptual studies recently undertaken by Granherne evaluating the possible installation of a subsea Wet Gas Compression and the tie-back of the Peon satellite production to the Gullfaks C platform.

�This project builds on the long relationship between Granherne and StatoilHydro ASA that spans over two decades,� said John Rose, President, KBR Upstream. �We look forward to participating in the study which solidifies KBR�s presence in the front end consultancy market.�

Work on the study commenced in April 2009.

Granherne is a leading front-end engineering consultancy for onshore, offshore and deepwater oil and gas developments and has experience on over 3,000 projects in more than 20 countries. Granherne has provided services for more than 100 subsea developments, including step out expansions, marginal fields and major subsea projects.

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services and civil infrastructure sectors. The company offers a wide range of services through its Downstream, Government and Infrastructure, Services, Technology, Upstream and Ventures business segments. For more information, visit www.kbr.com.

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