KBR Awarded Development Contract for Araromi Refinery Project by FPR, Inc.

KBR (NYSE: KBR) announced today that it has been awarded a contract by Houston-based FPR Inc. to provide Design and Early Engineering Services for the development of the Araromi Refinery Project in the OK Free Trade Zone (OKFTZ) in Nigeria.

KBR will execute the Design and Early Engineering Services for a low complexity 160,000 barrels per day Greenfield refinery and marine facility estimated in excess of US$3 billion. The refinery will produce motor gasoline, automotive gas oil, kerosene and jet fuel. This work will be executed primarily in the Republic of South Africa and the United States.

This award marks the first contract awarded under a Memorandum of Agreement (MOA) under which the two firms anticipate executing various phases of the project which include EPC-GM and Operation and Maintenance. The Araromi Refinery Project will be developed in phases, with an ultimate capacity of 320,000 barrels per day with a full petrochemical complex.

Pursuant to FPR's mission, the refinery will enhance the social and economic development of the host country.

“We are proud to partner with FPR, Inc. and assist in the development of the Araromi Refinery Project, a refinery that is anticipated to have a positive impact on the Nigerian market,” said John Quinn, President, KBR Downstream. “This award demonstrates KBR’s commitment to Africa and allows us to enhance an already robust portfolio of refinery design, engineering and construction in the region.”

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.

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