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2004 Press Releases
FOR IMMEDIATE RELEASE: November 8, 2004

REPSOL YPF SELECTS KBR AND EXXONMOBIL'S FLUID CATALYTIC CRACKING TECHNOLOGY FOR UPGRADES AT REFINERIES IN ARGENTINA

HOUSTON, Texas – KBR has been awarded licenses for advanced reaction system technology, as well as basic engineering design packages for Repsol YPF's Fluid Catalytic Cracking (FCC) Units in its La Plata refinery in La Plata, Argentina, and in its Lujan de Cuyo refinery in Mendoza, Argentina. KBR is the engineering and construction subsidiary of Halliburton (NYSE:HAL).

The revamp at the La Plata refinery includes ATOMAX-2 feed nozzles, Short Contact Time Riser Termination, a catalyst cooler, new regenerator cyclones and regenerator debottlenecking. This upgrade will improve performance on lower quality feedstocks producing light olefins.

The upgrade at the Lujan de Cuyo refinery in Mendoza, Argentina includes ATOMAX-2 feed nozzles and Short Contact Time Riser Termination, which will help to improve the product selectivity and productivity of the FCC complex.

"These technologies are part of a technology portfolio offered by the KBR-ExxonMobil Research and Engineering (EMRE) FCC Alliance," explained Tim Challand, KBR's vice president of technology. "Working together, we are continuing to develop processes that result in increased energy savings and equipment design economies for our clients like Repsol."

The KBR and EMRE FCC Alliance combines the considerable design, development and operational experience of these two companies, which were instrumental in the creation of fluid catalytic cracking in the early 1940's, and provides state-of-the-art technology and design with both a design contractor's and refiner's perspective. Safety, operability and reliability are combined with low capital and energy costs to give producers the competitive edge in today's markets.

EMRE is the research and engineering arm of Exxon Mobil Corporation, a leading global oil, natural gas and petrochemicals company whose subsidiaries have operations in approximately 200 countries and territories. Additional information regarding ExxonMobil and technologies it licenses can be found at http://www.exxonmobil.com/refiningtechnologies.

KBR is a global engineering, construction, technology and services company. Whether designing an LNG facility, serving as a defense industry contractor or providing capital construction, KBR delivers world class service and performance. KBR employs more than 60,000 people in 43 countries around the world.

Currently celebrating its 85th anniversary, Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services and Engineering and Construction Groups. The company's World Wide Web site can be accessed at www.halliburton.com.



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