The subsea construction project was awarded to McDermott and Baker Hughes in 2019, valued at the time between $500 million and $750 million.
April 2, 2024
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Mary B. Powers - Engineering News-Record
BP and Kosmos Energy are seeking “maximum recoverable damages” of about $535 million in binding arbitration with contractor McDermott International over a claim that it failed to meet contract obligations on subsea pipeline installation for an estimated $4.8 billion liquefied natural gas project off Africa.
Reprinted courtesy of Mary B. Powers, Engineering News-Record
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