McDermott Awarded Fast-Track Transportation and Installation Contract Offshore East Java, Indonesia

  McDermott Awarded Fast-Track Transportation and Installation Contract
  Offshore East Java, Indonesia

Business Wire

HOUSTON -- April 30, 2014

McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that
the Derrick Barge 101 was recently mobilized to Indonesia to perform
fast-track heavy-lift work for a client offshore Indonesia.

McDermott Derrick Barge 101 was recently mobilized to Indonesia to perform
fast-track heavy-lift wor ...

McDermott Derrick Barge 101 was recently mobilized to Indonesia to perform
fast-track heavy-lift work. (Photo: Business Wire)

“Response time to fast-track work is just one of the key elements to a
successful project outcome,” said Hugh Cuthbertson, Vice President and General
Manager, Asia Pacific. “Our Project Management and Offshore Resources teams
expedited the planning process, while ensuring compliance to safety
throughout, to achieve mobilization within just a few days. In addition, this
opportunity is an example of our efforts to improve asset utilization beyond
the requirements of our existing backlog.”

This contract is included in McDermott’s first quarter 2014 backlog.

ABOUT McDERMOTT

McDermott is a leading provider of integrated engineering, procurement,
construction and installation (EPCI) services for upstream field developments
worldwide. The Company delivers fixed and floating production facilities,
pipelines and subsea systems from concept to commissioning for complex
Offshore and Subsea oil and gas projects to help oil companies safely produce
and transport hydrocarbons.Our clients include national and major energy
companies.Operating in more than 20 countries across the world,our locally
focused and globally integrated resources include approximately 14,000
employees, a diversified fleet of specialty marine construction vessels,
fabrication facilities and engineering offices. We are renowned for our
extensive knowledge and experience, technological advancements, performance
records, superior safety and commitment to deliver. McDermott has served the
energy industry since 1923 and is listed on the New York Stock Exchange.

To learn more, please visit our website at www.mcdermott.com

FORWARD LOOKING STATEMENTS

In accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, McDermott International, Inc. cautions that
statements in this press release which are forward-looking and provide other
than historical information involve risks and uncertainties that may impact
McDermott's actual results of operations. The forward-looking statements in
this press release include, among other things, the expected scope, execution
and timing associated with this project. Although McDermott's management
believes that the expectations reflected in those forward-looking statements
are reasonable, McDermott can give no assurance that those expectations will
prove to have been correct. Those statements are made based on various
underlying assumptions and are subject to numerous uncertainties and risks,
including without limitation, changes in project design or schedules, contract
cancellations, change orders and other modifications, and difficulties
executing on the project. If one or more of these risks materialize, or if
underlying assumptions prove incorrect, actual results may vary materially
from those expected. For a more complete discussion of these and other risk
factors, please see McDermott's annual report on Form 10-K for the year ended
December 31, 2013. Except to the extent required by applicable law, McDermott
undertakes no obligation to update or revise any forward-looking statement.

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Contact:

McDermott International, Inc.
Investors & Financial Media
Steve Oldham, +1 281-870-5147
soldham@mcdermott.com
Trade, General & Local Media
Louise Denly, +1 281-870-5025
ldenly@mcdermott.com
Tony Hodgkins, +65.6668 5453
thodgkins@mcdermott.com
 
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