McDermott reaches 50 million man-hours performed without a lost time incident (LTI) in Middle East

• McDermott marks industry-leading safety standard in Middle East Area
  
• The 50 million man-hours spans three years, during which McDermott has installed over 80,000 tonnes of steel and laid over 200 km of pipeline
• 50 million man-hours: the equivalent of building the Burj Khalifa 2.25 times

DUBAI, Feb. 27, 2017 -- Leading EPCI contractor McDermott International, Inc. (NYSE:MDR), today announced it reached 50 million man-hours without a lost time incident in its Middle East Area.

“Everyone at McDermott had a part to play in reaching the 50 million man-hour milestone; it was achieved through mutual regard for each other and dedicated teamwork,” said Linh Austin, McDermott’s Vice President, Middle East and Caspian. “Safety isn’t just a procedure for us, it’s a culture deep-rooted within every function and division of our business. It is our number one priority.”

The industry-leading safety milestone, which was reached on January 27th 2017, was achieved in part through the company-wide adoption of McDermott’s Taking the Lead program and implementation of McDermott Operational Values (“MOVs”).  These programs seek to embed excellence in safety performance and a “safety-first” attitude and behaviors into the company culture.  The MOVs were created to identify key procedures and processes needed for safety success.

The achievement dates back to October 22, 2013 and since then McDermott has fabricated and installed 38 topsides and 47 jackets with a combined weight of 89,978 tons (81,537 tonnes) – the equivalent in mass to about eight Eiffel Towers or nearly twice the weight of steel rebar used in building the Burj Khalifa. In addition, McDermott installed a total of 135 miles (217 kilometers) of pipelines and 194 miles (313 kilometers) of cables.

As a company, McDermott recently reached one year without a lost time incident, which includes the Company’s four global fabrication facilities, two spool bases, 12 McDermott-owned/operated offshore vessels and offices around the world.

About McDermott
McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our customers include national and major energy companies. Operating in approximately 20 countries across the world, our locally focused and globally integrated resources include approximately 12,400 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923.  As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To learn more, visit our website at www.mcdermott.com.

McDermott International, Inc.

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