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2014-05-28

KBR, Inc.: KBR wins Maersk Oil FEED Contract for the Culzean Field Development Topsides

HOUSTON - May 28, 2014
-- KBR (NYSE: KBR) has announced today that it has been awarded a contract by
Maersk Oil for topsides front end engineering and design (FEED) for the
Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration
and Production (UK) Limited and Britoil (BP) have chosen a new standalone
facility to develop the Culzean discovery.

The Culzean project development is an ultra high-pressure, high-temperature
(uHPHT) gas condensate development located approximately 145 miles East of
Aberdeen in the UK sector of the Central North Sea. The field development
comprises of three platforms; wellhead platform (WHP), central processing
platform (CPF) with flare tower and separate living quarters and utility
platform (ULQ).

KBR will provide the FEED of the topsides for the three platforms. The
contract additionally includes an option for the detailed design of the three
topsides platforms plus follow-on engineering competency activities during
the fabrication phase.

"We are excited to be working together with Maersk Oil to mature this
important Gas Facility in the North Sea," said Roy Oelking, KBR Hydrocarbons
Group President. "This award builds on the excellent relationship KBR and
Maersk have developed through the previous successful Dan and Halfdan
projects in the Danish sector North Sea."

Expected revenue from the contract will be included in the second quarter 2014
backlog of unfilled orders for the Hydrocarbons segment. The contract value
was not disclosed.

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

Forward Looking Statement
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form
10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss
some of the important risk factors that KBR has identified that may affect
the business, results of operations and financial condition. Except as
required by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.

Contact:
Investors

Zac Nagle
Vice President, Investor Relations and Communications
713-753-5082
Investors@kbr.com

Media

Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations@kbr.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire

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