J. Ray McDermott Wins Contract

December 19, 2005

J. Ray McDermott, S.A. (J. Ray), a subsidiary of McDermott International Inc., won a contract with Seneca Resources Corporation for the design engineering, procurement, structural fabrication, process outfitting and loadout of a three-pile jacket and deck. The contract is expected to be completed by May 2006 Components of the turnkey proposal include the jacket, deck with process facilities, piles and heliport. Pinnacle Engineering will provide the detail design and equipment procurement as the principle subcontractor working with J. Ray on the turnkey contract. The completed facility will be installed in approximately 124 ft. of water in Viosca Knoll Block 432.

J. Ray McDermott Wins Contract

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