McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (“PEMEX”) in the Bay of Campeche Ayatsil field. The value of the award is included in McDermott’s fourth quarter backlog.

Ayatsil-A jacket loaded onboard the Intermac 600 transportation and launch barge, ready for installation. (Photo: Business Wire)

“The Ayatsil-A installation award from PEMEX is a direct result of the substantial local capabilities and operations of McDermott in Mexico, and our demonstrated track record of safe and reliable platform installations for PEMEX in the Bay of Campeche,” said Dominic Savarino, Vice President and General Manager, Americas. “Our unique ability to mobilize our versatile marine resources including the heavy-lift vessel, Derrick Barge 50, capable of lifting surface loads up to 4,400 tons, and the Intermac 600 transportation and launch barge was a critical component of the successful award for this fast-track installation project.”

The Intermac 600 will launch the 8,400-ton jacket and the heavy-lift Derrick Barge 50 will complete the installation of the jacket, a 3,400-ton deck and other platform components in waters 400 feet deep. The total weight of the facility is approximately 15,800 tons.

The Ayatsil field is the largest discovery for PEMEX to date and is expected to boost production for the country by 150,000 barrels of oil per day. This contract award follows the successful delivery of the Ayatsil-B eight-leg jacket and deck by McDermott in July of 2014.

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. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.

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, contingencies 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, timing and execution 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 risks, contingencies and uncertainties, 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. You should not place undue reliance on forward-looking statements. For a more complete discussion of these and other risk factors, please see McDermott's annual and quarterly filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q. This news release reflects management’s views 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 MediaSteve Oldham, +1 281-870-5147soldham@mcdermott.comorTrade, General & Local MediaLouise Denly, +1 281-870-5025ldenly@mcdermott.com

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