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Wednesday, November 20, 2013

BRIEF-McDermott awarded EPCI & commissioning contract in the Arabian Gulf, (NYSE: MDR)

Mcdermott International Inc : * Awarded epci & commissioning contract in the arabian gulf * Says value of contract is about US$ 200 million and will be included in mcdermott's fourth quarter 2013 backlog * Says its units was awarded an engineering, procurement, construction andinstallation project in the arabian gulf * Installation will be carried out using vessels from global fleet which areexpected to mobilize in end of Q2 2014 * Says project completion, including hookup and commissioning, is expectedduring the first quarter of 2015 * Source text for Eikon * Further company coverage

McDermott International, Inc. (MII) is a engineering, procurement, construction and installation (EPCI) company. Shares of MDR remained unchanged at $7.81. In the past year, the shares have traded as low as $6.68 and as high as $13.48. On average, 4633020 shares of MDR exchange hands on a given day and today's volume is recorded at 0.