McDermott wins subsea contract for Cronos gas field, Cyprus
- Contract value classified as substantial, between USD $500 million and $750 million.
- Scope includes project management, engineering, procurement and installation support for the Cronos gas field development offshore Cyprus.
- This is McDermott’s first subsea project award with Eni.
- Execution led by the Subsea and Floating Facilities team with resources in Houston, Perth, London and Kuala Lumpur, supported by the company’s marine construction fleet and the Amazon deepwater asset.
Award
McDermott has been awarded a substantial subsea contract by Eni Cyprus Limited for the Cronos gas field development offshore Cyprus, marking the company’s first subsea project award with Eni and expanding its presence in the Eastern Mediterranean region.
Scope
Under the contract McDermott will provide project management, engineering, procurement and installation support for the Cronos development.
Execution footprint
The project will be executed by McDermott’s Subsea and Floating Facilities team with expertise and resources drawn from Houston, Perth, London and Kuala Lumpur, and supported by the company’s marine construction fleet. The company also cites its Amazon deepwater asset as a differentiated capability for the work.
Commercial scale
McDermott defines a substantial contract as between USD $500 million and USD $750 million.
Source: McDermott