The economic consequences of a banking crisis, if not addressed preemptively or in time to limit the damage, are numerous and dire, and need not be detailed here. Just the same, condensate banking in a gas well can also become a productivity and economic crisis, if ignored or not properly addressed proactively.
McDermott awarded Repsol FEED contract for Gulf of Mexico development
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. The project's engineering delivery will be led from McDermott's Houston office.