J. Ray McDermott Middle East, Inc. (J. Ray) recently celebrated the load-out of the Krishna Godavari Dhirubhai 6-Control Riser Platform (KG D6-CRP) at the company’s fabrication facility and marine base in Jebel Ali Free Zone, Dubai. The customer was represented at the event by P.M.S. Prasad, CEO and president of Reliance Industries Ltd.’s oil and gas business.

J. Ray’s derrick barge DB101 is currently installing the jacket structure and the topsides. Hook-up will follow, with project completion expected during the second quarter of 2008 - 18 months from the date that the project was awarded.

 The project also reached another milestone, achieving more than one million man-hours without a Lost Time Incident (LTI).

”It is a measure of Reliance’s faith in J. Ray for us to be chosen to build this fast-track EPCI project, and we’re proud to prove that the accelerated fabrication schedule did not compromise safety,” said Stewart Mitchell, Vice President and General Manager, Middle East and India. “Our relationship with Reliance dates back to the early 1990s and the success of this project will only serve to further strengthen the mutual respect we share.”

J. Ray’s Houston office performed design development engineering and associated equipment procurement; the jacket was fabricated at the company’s Morgan City, La., fabrication facility and topsides construction was carried out in Jebel Ali. 

“J. Ray McDermott  has been our partner in all our big projects, including the Petrochemical Complex at Hazira, the Refining Complex at Jamnagar and now the first deepwater gas field development on the east coast of India,” added Prasad. “We have full confidence in J. Ray’s ability to mobilize its worldwide resources to meet the challenging deadlines set by Reliance for this development.”

The load-out of the 6,300MT-deck marked the beginning of its passage to the east coast of India, offshore Kakinada. Once installed, the platform will form part of Reliance’s Dhirubhai 1 and 3 Field Development Project.  The Field will produce 80 million standard cubic meters of natural gas per day for domestic consumption in India.  It will increase India’s domestic natural gas production by approximately 100 percent.

J. Ray McDermott, S.A. is a leading provider of solutions for the offshore field development industry worldwide and is a subsidiary of McDermott International, Inc. (“McDermott”). McDermott 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 20,000 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 McDermott’s actual results of operations.  The forward-looking statements in this press release include statements concerning the project execution and timing of the Reliance Industries Limited's KG-D6 field development 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.  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 risk factors, please see McDermott’s annual report on Form 10-K for the year ended December 31, 2006 and its quarterly reports on Form 10-Q.