J. Ray Reopens Shop in New Orleans

J.Ray McDermott S.A.

J. Ray McDermott, S.A., a subsidiary of McDermott International Inc., announced today that it has reopened its engineering office in New Orleans.

The return to the Crescent City comes nearly 10 months (294 days) after Hurricane Katrina forced the evacuation of J. Ray employees to temporary offices in Amelia, La. and Houston.

The company's new office in the city is located on the 12th floor of 1340 Poydras St. (formerly the Amoco Building). The office has an initial staff of 27 employees, including 22 engineers, with room to expand over time to 37 employees.

“We are pleased to be back in New Orleans and committed to building our future in Louisiana,” said Bob Deason, J.Ray's president and CEO. “The engineering office in New Orleans is a key part of J. Ray’s strategic plan, providing invaluable support to our local customers, our operations at the Morgan City fabrication facility, and our projects at other facilities around the globe.”

“J. Ray McDermott has a long history in Louisiana,” said Louisiana Economic Development Secretary Michael J. Olivier. “The reopening of their engineering office in New Orleans furthers their commitment to Louisiana as we rebuild, taking Louisiana forward.”

J. Ray McDermott, S.A, is a leading provider of solutions for offshore field development worldwide. McDermott International Inc. is a leading worldwide energy services company. McDermott's subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management and facilities management services to a variety of customers in the power and energy industries, including the U.S. Department of Energy.