http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121226:nBw265118a
   Contract Represents KBR Services` Expanded International FootprintHOUSTON--(Business Wire)--KBR (NYSE: KBR) and AYTB announced today that they have signed a seven-yearcontract to provide refinery maintenance services for the Saudi Aramco TotalRefining and Petrochemical Company (SATORP) at a new 400,000 bpd refinery inJubail, Saudi Arabia. The refinery represents both a major investment by SATORP,and - as a single construction effort - a unique technical challenge due to itsworld-class scale and complexity. The contract value is in the approximate rangebetween $140 million and $170 million, depending on services. Production isexpected to commence in 2013. KBR, through a joint venture with Jubail-based AYTB, will deliver full-servicemaintenance services at the SATORP refinery. Deliverables under the contractinclude overall site management and field supervision of a craft workforcecovering all mechanical, electrical and instrumentation disciplines. KBR andAYTB will also provide detailed planning and scheduling services, execution ofpreventive and predictive maintenance programs, management of subcontractoractivities and procurement of tools and equipment. Additional services includethe development, in partnership with SATORP, of reliability and costoptimization programs. "This is a milestone project for KBR as it represents a major step forward forour Services Business Group, taking on its first long-term maintenance contractin Saudi Arabia and significantly expanding its international footprint," saidIvor Harrington, Group President, KBR Services. "For decades, KBR has provided afull suite of maintenance services to clients in the U.S. domestic market and inselect overseas markets. We are proud to be establishing a long-term presence inand commitment to the Middle East." This is the first time a major participant in the Saudi Arabian hydrocarbonsindustry has outsourced a full-service maintenance contract. Under terms of thecontract, the joint venture between KBR and AYTB will work in partnership withSATORP to demonstrate a model for delivering services. "This GMS contract could redefine how plant maintenance will be performed in thefuture. The hydrocarbon processing industry in Saudi Arabia and the region willclosely observe the results of such atypical maintenance outsourcing strategy,"said Abdulmohsen Al-Ogaili, AYTB CEO. "The partners are committed to realizingthe intended long-term benefits of this contract and demonstrate a model fordelivering services which has not previously been tested in the Kingdom." AYTB for 33 years has been known for providing top quality Operation &Maintenance, Construction, Fabrication, Shutdown/Turnaround, IndustrialCleaning, Facility management & Catering Services to the Petrochemical, Oil &Gas Industry in Saudi Arabia and Qatar. For more information, visit
  www.aytb.com.
  KBR is a global engineering, construction and services company supporting theenergy, hydrocarbon, government services, minerals, civil infrastructure, power,industrial, and commercial markets. For more information, visit 
  www.kbr.com.
   KBRZac Nagle, 713-753-3625Vice President,Investor Relations and CommunicationsInvestors@kbr.comorMarianne GoochDirector, Corporate CommunicationsMedia Relations Hotline: 713-753-3800Mediarelations@kbr.comCopyright Business Wire 2012