MDR McDermott International Inc

McDermott International, Inc. (NYSE:MDR) (�McDermott�) announced today that a subsidiary of J. Ray McDermott, S.A. (�J. Ray�) was recently awarded a contract by Maersk Oil Qatar to engineer, procure, construct, and install two wellhead decks for the Block 5 Field Development Plan 2005 Project. �We are pleased to be associated with Maersk on this key field development project for Qatar�s expanding oil and gas market,� said Bob Deason, President and Chief Operating Officer of J. Ray. The two decks have a combined weight in excess of 4,800 metric tons and will be designed at J. Ray�s Houston engineering office as well as at its regional headquarters in Jebel Ali, Dubai, where the structures will be fabricated in 2007 and installed in 2008. McDermott International, Inc. is a leading worldwide energy services company. McDermott subsidiaries provide engineering, construction, installation, procurement, research, manufacturing, environmental systems, project management and facility management services to a variety of customers in the power and energy industries, including the U.S. Department of Energy. Additional information on McDermott can be obtained at www.mcdermott.com. 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 work scope and timing of the Maersk Block 5 Field Development 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 change orders and other modifications to contracts. 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 risk factors, please see McDermott�s annual report on Form 10-K for the year ended December 31, 2005 and the Company�s quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Maersk Oil Qatar to engineer, procure, construct, and install two wellhead decks for the Block 5 Field Development Plan 2005 Project. "We are pleased to be associated with Maersk on this key field development project for Qatar's expanding oil and gas market," said Bob Deason, President and Chief Operating Officer of J. Ray. The two decks have a combined weight in excess of 4,800 metric tons and will be designed at J. Ray's Houston engineering office as well as at its regional headquarters in Jebel Ali, Dubai, where the structures will be fabricated in 2007 and installed in 2008. McDermott International, Inc. is a leading worldwide energy services company. McDermott subsidiaries provide engineering, construction, installation, procurement, research, manufacturing, environmental systems, project management and facility management services to a variety of customers in the power and energy industries, including the U.S. Department of Energy. Additional information on McDermott can be obtained at www.mcdermott.com. 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 work scope and timing of the Maersk Block 5 Field Development 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 change orders and other modifications to contracts. 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 risk factors, please see McDermott's annual report on Form 10-K for the year ended December 31, 2005 and the Company's quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.