Saipem has issued a warning over its 4 billion euro ($4.8bn) contract for work on Mozambique LNG, following Total’s declaration of force majeure.
The service company noted the suspension of work on April 26 from Total. The force majeure stems from a terrorist attack on the town of Palma, near the onshore site for the two train project.
Saipem said it was carrying out evaluations “in close co-operation with the client to preserve the value of the project”.
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