Japan'sChiyoda, which is a member of the consortium along with TripatraEngineers & Construction and Hyundai Heavy Industries, revealedthe award on Monday, confirming earlier reports the Saipem-ledconsortium was set to be awarded the contract.

Thecompanies beat out a joint venture between McDermott and Technip for thelucrative $1.1 billion contract which covers the engineering,procurement, construction and installation of a floating productionunit for the Jangkrik and Jangkrik North East gas field development.

Thescope