KBR Awarded Conceptual Study and Project Management Services by The Ministry of Mines, Industry and Energy of the Republic of Equatorial Guinea

HOUSTON - Friday, February 11th 2011 [ME NewsWire]

(BUSINESS WIRE)-- KBR (NYSE: KBR) today announced that it has been awarded a contract by The Ministry of Mines, Industry and Energy of the Republic of Equatorial Guinea to provide a Conceptual Study and associated Project Management Services for the development of a low complexity, modular 20,000 barrel per day (BPD) refinery at Mbini in the Republic of Equatorial Guinea, West Africa.

The aim of the refinery is to meet the local fuel demand of the Republic of Equatorial Guinea and marks the first step away from the country’s dependency on imported fuel to meet local demand.

“KBR is proud that the Republic of Equatorial Guinea has chosen to work with KBR on this project,” said John Quinn, President, KBR Downstream. “KBR will employ its significant experience in developing and nurturing Refining projects on the African continent to assist the Republic of Equatorial Guinea in achieving its objectives of meeting local liquid fuels requirements and establishing a refining industry in the country.”

“The Mbini refinery project is of strategic importance for the Republic of Equatorial Guinea both politically and economically as it will eliminate the country’s dependency on imported oil derivatives. The Ministry of Mines, Industry and Energy is confident in KBR’s experience and professionalism. We are also confident KBR will deliver a refinery design that meets the Government objectives and will provide thorough terms of reference to initiate an international tender process for the construction of the refinery,” said the Honorable Marcelino Owono Edu.

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

KBR

Gabriela Segura, +1-713-753-8694

Manager, Media Relations

gabriela.segura@kbr.com



Rob Kukla, Jr., +1-713-753-5082

Director, Investor Relations

investors@kbr.com







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