MDR McDermott International Inc

McDermott International, Inc. (�McDermott�) (NYSE:MDR) announced today that a subsidiary of The Babcock & Wilcox Company (�B&W�), has been awarded a contract to supply four modularized boilers for Phase 1 of the Kearl Oil Sands Project (�Kearl�) being developed by Imperial Oil in the Athabasca Oil Sands Region, located 70 kilometers north of Fort McMurray, Alberta.

Kearl Phase 1 consists of a surface mine and plant facilities that will produce clean bitumen for blending, transport and sale. The boilers provided by B&W will produce utility steam that will be used to supply various processes in the plant.

�This contract demonstrates our reputation of performance and reliability which will be crucial in the challenging environment of the Alberta oil sands,� said Richard L. Killion, President and Chief Operating Officer of Babcock & Wilcox Power Generation Group. �One of the many advantages of our boiler is that its modularity lowers construction risk and offers far greater cost certainty than traditional boiler options.�

Backed by more than 140 years of experience, B&W is a leading provider of thermal power solutions for utility and industrial markets in Canada.

McDermott is an engineering and construction company, with specialty manufacturing and service capabilities, focused on energy infrastructure. McDermott�s customers are predominantly utilities and other power generators, major and national oil companies, and the United States Government. With its global operations, McDermott operates in over 20 countries with more than 25,000 employees, and can be found on the internet 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 expected scope associated with the Kearl Oil Sands 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, 2008, and subsequent quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission.

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