Costs rise on offshore loading contract
The US' FMC Technologiesis to incur increased costs of about $18 million on its $252 million contract to build five offshore loading terminals for state energy company Sonatrach. The cost increase is due to a number of factors, including: extended testing and installation costs for the offshore pipelines due to bad weather and pipeline connection sealing issues; engineering design changes at three onshore pump stations; and an increase in project engineering and ...
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