KBR Awarded Major Engineering Design Contract by Hyundai Heavy Industries Co., Limited for the BP Quad 204 Project

KBR (NYSE:KBR) today announced that it has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) Project to be located west of Shetland Isles in UK waters.

The Quad 204 FPSO will be designed to meet the strict safety and environmental regulations for harsh weather operations. KBR has been involved in the Quad 204 Project since 2008, when work started on the select and define engineering of the FPSO. Services for the Quad 204 Project will be provided through KBR’s offices in Singapore and Jakarta, Indonesia. This award follows the recent announcement by BP and its co-venturers, to progress with a major re-development of the Schiehallion and Loyal oil fields.

“This award follows on from the successful performances by KBR on BP offshore projects in the North Sea, Caspian Sea and West Africa thus solidifying KBR’s position as a leading contractor,” said Dennis Calton, President, KBR Oil & Gas. “We are proud of the long-standing relationship KBR has developed with BP and our growing relationship with Hyundai Heavy Industries.”

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.