McDermott Wins Subsea Contract for Eni's Cronos Gas Project Offshore Cyprus
Engineering group McDermott has secured a major subsea contract valued at up to $750 million to support Eni's Cronos gas development.
McDermott has been awarded a major subsea contract by Italian energy company Eni to support the development of the Cronos natural gas field offshore Cyprus.
The engineering and installation specialist confirmed that the value of the offshore contract is classified between $500 million and $750 million.
Work under the awarded scope will center on providing subsea infrastructure required to advance the field development in the Eastern Mediterranean basin.
The award marks a key operational milestone for the Cronos project as Eni advances its offshore gas assets in Cypriot waters.
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