McDermott Wins Shipyard Contract for Construction of Deepwater S-Lay Vessel

McDermott International, Inc. (NYSE: MDR) (McDermott) announced today thatone of its subsidiaries has signed a contract for the design and constructionof a new high-spec, highly capable dynamically-positioned combination S-Layvessel with a 2,000-ton crane.

The vessel, tentatively named Derrick Lay Vessel 2000 (DLV2000), will beconstructed at Keppel Singmarine in Singapore and is expected to take approx2.5 years to build.