B&W's Subsidiary Grabs Contract to Supply Oil Sands Equipment

McDermott International, Inc. announced that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract by Jacobs Canada Inc., as agent for Fort Hills Energy LP, to supply four modularized boilers and auxiliary equipment. These units will provide utility steam for cogeneration at the Fort Hills' mine and are scheduled to be delivered by April 2010.

"We look forward to growing our relationship with Fort Hills and to increasing our role as a major supplier of steam-producing equipment in the Canadian Oil Sands. This contract demonstrates our ability to develop products to meet the specific challenges of the Alberta marketplace, including environmental requirements, construction resource supply, equipment performance, and reliability," said Brandon Bethards, President of B&W's Power Generation Group.