Posted on September 9, 2026
HOUSTON, Sept. 8, 2026 /PRNewswire/ — McDermott has been awarded a substantial* subsea contract by Eni Cyprus Limited (Eni) for the Cronos gas field development offshore Cyprus, marking McDermott’s first subsea project award with Eni and expanding the company’s presence in the Eastern Mediterranean region.
Under the contract, McDermott will provide project management, engineering, procurement and installation support for the development of the Cronos gas field.
“This award demonstrates the strength of McDermott’s integrated subsea engineering, procurement, construction and installation capabilities and reflects the value we bring through our technical expertise and differentiated deepwater asset, the Amazon,” said Mahesh Swaminathan, McDermott’s Senior Vice President, Subsea and Floating Facilities. “Our global execution teams, supported by reliable local partnerships, will help advance the Cronos development safely and efficiently.”
The project will be executed by the Subsea and Floating Facilities team with expertise and resources from Houston, Perth, London and Kuala Lumpur, supported by the company’s marine construction fleet.
*McDermott defines a substantial contract as between USD $500 million and USD $750 million.
About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 30 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
