J. Ray Wins Contract from Maersk Oil Qatar

McDermott International, Inc. said Monday 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.