McDermott secures landmark subsea contract for Cyprus's inaugural gas development
"McDermott has secured its first subsea contract with Eni to develop the deepwater Cronos gas field in Block 6, offshore Cyprus. Carried out in partnership with TotalEnergies, the agreement marks a decisive step toward the island's inaugural commercial offshore gas production, establishing vital subsea infrastructure that reinforces Cyprus's role as an emerging natural gas producer in the Eastern Mediterranean. "
EU Directive 2019/790 Article 15 Attribution • Verified Energy Document
McDermott has been awarded its initial subsea contract by Eni, marking a significant step for the first gas development in Cyprus. This agreement positions McDermott as a key partner in advancing the nation's burgeoning offshore energy sector.
The contract specifically pertains to the development of the Cronos gas field, an important project spearheaded by Eni, in partnership with TotalEnergies. This collaboration is set to lay the groundwork for future energy infrastructure in the Eastern Mediterranean region, highlighting Cyprus's growing role as a natural gas producer.