The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
Medco has said the Natuna development is one of its two core focuses for 2023, with planned capital expenditure of $250 million. The company also controls the West Natuna Transportation System, a 656 km link that runs into Singapore.
Germany is pressing ahead with its plans to begin imports of LNG, with an award going to Friedrich Vorwerk for a pipeline connection to the Brunsbüttel terminal.