Eni starts Cronos development execution after signing major construction and drilling contracts
Eni ($E) signed the main engineering, procurement, construction and drilling contracts for the Cronos gas project offshore Cyprus, launching its execution phase. The package covers subsea equipment, pipelines, installation work, control infrastructure and drilling services. Eni operates the project with a 50% interest alongside TotalEnergies ($TTE). The announcement advances a development that received its final investment decision earlier in the year. Cronos is expected to begin production in t