McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has won an engineering, procurement, construction and installation (“EPCI”) project for Oil and National Gas Corporation Ltd.’s ("ONGC") Cluster 7 Development Program. The value of this award will be included in McDermott’s third quarter 2011 backlog.

The EPCI project includes five wellhead platforms in the Mumbai High field, located 210 kilometers west of Mumbai city.

“I believe our ability to provide a sound technical solution, backed by our in-house turnkey EPCI capabilities, helped to secure this award,” said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. “Our company’s long history with ONGC began in 1976 with the installation of the first Mumbai High offshore platforms. We look forward to working again for ONGC and further strengthening our relationship on this and future projects.”

Engineering has commenced in McDermott’s Chennai and Dubai Engineering offices and approximately 20,000 tonnes of facilities will be fabricated at the company’s yard in Jebel Ali. Offshore mobilization using vessels from McDermott’s global fleet will commence in late 2012.

ABOUT McDERMOTT

McDermott is a leading engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide.

Providing fully integrated EPCI services for upstream field developments, we deliver fixed and floating production facilities, pipelines and subsea systems from concept to commissioning.

Our customers include national and major energy companies.

Operating in more than 20 countries across the Atlantic, Middle East and Asia Pacific, our integrated resources include more than 15,000 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.

To learn more, please visit http://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, 2010 and subsequent quarterly reports on Form 10-Q. 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.

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