McDermott (MDR +1%) is awarded an engineering, procurement and construction contract by Exxon...

|About: McDermott International, Inc. (MDR)|By:, SA News Editor

McDermott (MDR +1%) is awarded an engineering, procurement and construction contract by Exxon Mobil (XOM) to provide subsea infrastructure for the $4B Julia development in the Gulf of Mexico. MDR's win comes after FMC Tech (FTI), Oceaneering (OII) and Technip picked up other subsea contracts on the development, where Statoil (STO) is a 50% partner.