J. Ray McDermott, S.A. (“J. Ray”) announced today that its Malaysian affiliate Barmada McDermott Sdn. Bhd. (“BMD”) has won a fast track transportation and installation contract from ExxonMobil Exploration and Production Malaysia Inc. for the 1.5-mile, 12-inch full well stream (FWS) replacement pipeline between Guntong-C and Guntong-A, off the east coast of Peninsular Malaysia.

J. Ray’s Vice President and General Manager, Scott Cummins said, “We are very pleased to be awarded this fast-track challenging project.  ExxonMobil Exploration and Production Malaysia has entrusted BMD with a project that is of great national interest to the Government of Malaysia; it shows their full confidence in our ability to successfully complete the project with utmost urgency and our trademark dedication. “

The existing Guntong-C riser and a section of the existing pipeline will be replaced with a 1.5-mile pipeline riser with tie-in to the existing 12-inch pipeline.  A mechanical connector will be used to connect the new pipeline to the remaining section of the existing pipeline.

The project is expected to be completed by the end of 2008.

J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE:MDR), and its subsidiaries provide engineering, construction, procurement, installation and project management services for offshore oil and gas developments worldwide.

McDermott International, Inc. 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 which provide other than historical information, involve risks and uncertainties that may impact actual results. The forward-looking statements in this press release include statements regarding the combined value, scope and execution of the ExxonMobil Exploration and Production Malaysia Inc. 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 by using various underlying assumptions and are subject to numerous uncertainties and risks, including, but not limited to, the risk that McDermott may experience delays, changes, cancellations or other difficulties executing such contracts. 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, 2007.