McDermott Awarded EPC Contract for CB&I Storage Tanks by Nan Ya Plastics Corporation

- McDermott awarded contract to engineer, fabricate, and construct four internally framed stainless-steel umbrella roof tanks in South Texas
- Tanks are part of Na Ya Plastic's Ethylene Glycol II Expansion Project at Point Comfort
- Contract reinforces McDermott's strong storage tank solutions

Houston, Dec. 11, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a contract award for CB&I storage tanks from Nan Ya Plastics Corporation. McDermott's scope of work includes the engineering, procurement, fabrication and construction of four internally framed stainless-steel umbrella roof tanks in Point Comfort, Texas.

"We have the industry's leading storage business as well as the most extensive global experience of any tank construction company," said Richard Heo, McDermott's Senior Vice President for North, Central and South America. "We have achieved this by delivering innovative and complex storage solutions, and maintaining strong and long-term relationships with our customers such as Nan Ya Plastics."

About McDermott

McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 40,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To learn more, visit www.mcdermott.com.

Contacts:

Investor Relations 
Scott Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com

Global Media Relations
Gentry Brann
Global Vice President, Communications
+1 281 870 5269                                                             
Gentry.Brann@McDermott.com

Source McDermott International, Inc.

Web Site: http://www.mcdermott.com

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