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McDermott to Install Umbilicals & Subsea Equipment in Deepwater Gulf of Mexico Walker Ridge Field Development

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HOUSTON--(BUSINESS WIRE)--McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded an engineering, procurement and construction (EPC) contract by Exxon Mobil Corporation for its Julia development. The value of the contract is included in McDermott's second quarter 2013 backlog. “McDermott offered a very competitive solution for the Julia project with the right people, assets and technology, based on our experience with a similar deepwater Gulf of Mexico subsea tie-back project that we were awarded in 2011” The Julia field is located approximately 265 miles southwest of New Orleans in the Gulf of Mexico Walker Ridge area...

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