McDermott Secures Major Subsea Contract for Cronos Gas Field Development in Cyprus
McDermott Reaches New Milestone with Cronos Development Contract
In a significant development for the energy sector, McDermott International has been awarded a major subsea contract by Eni Cyprus Limited for the Cronos gas field project situated offshore Cyprus. This contract not only marks McDermott's inaugural subsea project with Eni but also strengthens its position in the Eastern Mediterranean region, known for its growing potential in oil and gas extraction.
Contract Overview
The awarded contract entails comprehensive project management, engineering, procurement, and installation services for the development of the Cronos gas field. As part of this initiative, McDermott will employ its specialized engineering expertise and advanced technologies, ensuring that the project is executed with precision and efficiency.
Mahesh Swaminathan, the Senior Vice President of Subsea and Floating Facilities at McDermott, commented on the contract award, stating, “This designation exemplifies the strength of our integrated engineering, procurement, construction, and installation capabilities.
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