McDermott Consortium Selected in Gendalo-Gehem Tender Process

  McDermott Consortium Selected in Gendalo-Gehem Tender Process

Business Wire

HOUSTON -- May 30, 2014

McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that a
consortium, which includes subsidiaries of McDermott and PT Encona Inti
Industri, has been notified of its selection as the successful bidder in the
tender process for an engineering, procurement and construction (“EPC”)
contract for the Gendalo-Gehem natural gas development in East Kalimantan,

Award of the contract will be subject to various conditions, including
government and regulatory approvals and final investment decision.


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


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, contingencies and uncertainties
that may impact McDermott's actual results of operations. The forward-looking
statements in this press release include, among other things, conditions for
contract award, including government and regulatory approvals and final
investment decision associated with the 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 risks,
contingencies and uncertainties, including without limitation, government and
regulatory approvals and final investment decision associated with 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 and subsequent quarterly reports. This news release reflects
management's view as of the date hereof. Except to the extent required by
applicable law, McDermott undertakes no obligation to update or revise any
forward-looking statement.


McDermott International, Inc.
Investors & Financial Media
Steve Oldham, (1) 281.870.5147
Trade, General & Local Media
Louise Denly, (1) 281.870.5025
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