McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a brownfield contract to provide two new permanent living quarter modules, including the Front End Engineering Design (“FEED”), design engineering, construction, transportation and installation for BG Trinidad & Tobago Ltd. (“BG”) as operator of North Coast Marine Area (“NCMA”) block. The value of this award will be included in McDermott's second quarter 2012 backlog.

“McDermott’s engineering and construction expertise helped us better understand BG’s brownfield requirements to provide purpose-built modules that improve safety and comfort for BG’s personnel and expand current accommodation capacities,” said Stephen M. Johnson, Chairman, President and Chief Executive Officer of McDermott. “Our project team’s highest priority from engineering through to installation is to ensure modifications are approached with production and safety in mind, with minimal in-field welding, to simplify installation, to minimize platform modifications and ensure streamlined execution of the work,” explained Johnson.

The two modules comprise a 640-ton, 60-man quarters module for the Hibiscus Platform and a 915-ton, 62-man quarters module for the Poinsettia Platform. The Hibiscus module will also accommodate new electrical power generation and distribution, the design of which is being performed by the McDermott engineering office in Houston. The Poinsettia and Hibiscus fields are located in the North Coast Marine Area (“NCMA”) area in waters up to 530 feet, offshore Trinidad.

Detailed engineering is already underway at the McDermott Houston engineering office. Structural fabrication and architectural outfitting is being performed at McDermott’s fabrication yard in Morgan City, Louisiana. McDermott will also provide overall project, construction and installation management, including quality assurance/quality control and HSES supervision across all project phases. Offshore installation will be performed by McDermott’s Derrick Barge DB50 in the same time frame as the installation of BG’s NCMA 4a Hibiscus Compression Module.

ABOUT McDERMOTT

McDermott is a leading engineering, procurement, construction and installation group of companies focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott’s 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 approximately 13,500 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 McDermott’s website on the internet at 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, the timing of and/ use of the DB50 and Hibiscus Compression Module installation.

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, 2011. This news release reflects management's views 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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