Industry sources said Italy’s Saipem and McDermott of the US are in pole position to receive invitations to tender from Eni in a few weeks time, while the writing could be on the wall for at least two rivals.

Project watchers said South Korea’s Hyundai Heavy Industries “has not been qualified” for the Loango job, while China's Offshore Oil Engineering Company is said to have “a slim chance of winning” the engineering, procurement and construction contract.

However,