KBR Awarded Engineering and Project Management Services Contract by Saudi Aramco Under General Engineering Services Plus (GES+) Initiative

HOUSTON - Thursday, April 14th 2011 [ME NewsWire]

(BUSINESS WIRE)-- KBR (NYSE: KBR) today announced that its newly-established Middle East-based Engineering Company has been awarded an engineering and project management services contract by the Saudi Arabian Oil Company (Saudi Aramco) as part of its General Engineering Services Plus (GES+) initiative. The partners in this new Engineering Company, including Abdulhadi and Al-Moaibed Consulting Engineering Co. (AMCDE) and Kellogg, Brown and Root, were selected following a competitive bidding process. The GES+ contract period is for five years with options available for extensions.

The finalization of this contract qualifies the new Engineering Company to execute front-end engineering design (FEED), detailed design, material procurement, and project management services (PMS) to support Saudi Aramco’s capital programs. The Company will be an independent standalone company operating exclusively in the Middle East, and will employ and train Saudi nationals.

“We are proud to sign this contract with Saudi Aramco under its GES+ Initiative and look forward to the successful execution of future projects,” said Khaled Abu-Nasrah, President, KBR Middle East. “KBR’s work in the Middle East is integral to the company’s rich legacy and the award of this contract further solidifies KBR’s commitment to the region and to our long-time client, Saudi Aramco.”

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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