KBR Awarded FEED Contract by Chevron for Big Foot Topsides Project

HOUSTON--(Business Wire)--
KBR (NYSE: KBR) today announced that it has been awarded a contract by Chevron
USA Inc. for the front-end engineering and design (FEED) of the topsides for the
proposed Big Foot development facility. The Big Foot field is located in the
Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc.
(operator), Statoil Gulf of Mexico LLC and Marubeni Oil & Gas (USA) Inc. The
proposed facility will be installed in 5,300 feet of water approximately 200
miles from New Orleans and 35 miles south of Chevron`s producing Tahiti field.

The goal is to develop Big Foot with a dry-tree floating drilling and production
facility. The hull would be an extended tension leg platform (ETLP), and the
topside oil and gas processing facilities would include inlet separation, gas
compression, dehydration and export, oil treatment and export pumping, produced
water treatment, and required utility systems. Water injection facilities would
be provided with the initial facility installation to enable reservoir pressure
maintenance early in the life of the field. KBR will provide engineering and
project management services to develop the process design; specify the required
equipment; layout, modularize and integrate the decks; perform the necessary
structural analyses; and provide the electrical power generation and
distribution system designed to support the platform and the downhole electrical
submersible pump requirements. KBR will also assist Chevron in estimating the
cost of the facility and plan the subsequent phases of the development.

"We are proud to have been selected as the contractor of choice by Chevron for
the Big Foot topsides project," said Roy Oelking, Executive Vice President, KBR
Oil and Gas. "We are pleased with the opportunity to reenter the offshore
engineering market in the Gulf of Mexico alongside an industry leader such as
Chevron. I am confident that KBR will tap into its vast engineering portfolio
and execute a quality FEED for our client."

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.

KBR
Director, Communications
Heather Browne, 713-753-3775
heather.browne@kbr.com
Director, Investor Relations
Rob Kukla, Jr., 713-753-5082
investors@kbr.com

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