McDermott International, Inc. (NYSE:MDR) (“McDermott”), announced today that one of its subsidiaries, McDermott Caspian Contractors, Inc., and the State Oil Company of the Azerbaijan Republic (“SOCAR”) have formed a strategic alliance to implement a major pipelay and diving services contract in the Caspian region. The contract was recently awarded to McDermott in Azerbaijan as part of further development of the Azeri, Chirag and Deepwater Gunashli (“ACG”) field in the Azerbaijan sector of the Caspian Sea.