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Eni Cyprus’s award covers engineering, procurement and installation support.
McDermott announced a September 8 subsea contract from Eni Cyprus for Cronos offshore Cyprus. Scope includes project management, engineering, procurement and installation support.
The company classifies the award in its $500–750 million band without disclosing an exact value. International engineering teams and its marine construction fleet will support execution. The contract award does not indicate that field production has started.
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Official figures presented for 2022 and 2023 diverged; the committee requested explanations, while the next hearing date remains unannounced.
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Nigeria’s presidency says two compressor stations in Edo State are needed to enable the pipeline to use its expanded design capacity of 2.3 billion standard cubic feet a day.
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The explorer would retain 20% in each Saskatchewan property as its partner takes a larger funding share.
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