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J. Ray McDermott Completes Offshore Jacket

Maritime Activity Reports, Inc.

September 19, 2007

J. Ray McDermott’s Morgan City, La., fabrication facility successfully completed the load out recently of a 9,015 short-ton jacket built for Reliance Industries Ltd., as part of an engineering, procurement, construction and installation deal. The load-out was the culmination of just over 12 months of work building the jacket destined for the KG-D6 field off the eastern Indian coast. This is the first structure we have built here at Morgan City for export to India,” said Bob Deason, President and Chief Executive Officer of J. Ray. “The Reliance KG-D6 field development contract was a fast-track project, and we were able to use our company’s worldwide resources to ensure we met our customer’s delivery deadline for first gas from the field by June 2008.”

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