Cameron Selected for Ten-Year Gulf of Mexico Subsea Systems Frame Agreement
November 16 2006 - 4:15PM
PR Newswire (US)
HOUSTON, Nov. 16 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM),
through its Drilling & Production Systems (DPS) division, has
entered into a ten-year frame agreement with BP to provide subsea
systems and related services for BP's Deepwater Production Business
Unit's Subsea Tie-back program, as well as for future subsea
developments managed by BP's Deepwater Developments Business Unit
in the Gulf of Mexico. The first order under the new agreement,
which covers subsea trees, controls, manifolds and well connection
systems, is expected to be for a multi-well subsea tie-back
project. Cameron Chairman, President and Chief Executive Officer
Sheldon R. Erikson said, "We are pleased that BP has chosen Cameron
as the preferred supplier of subsea systems for its future
developments in the Gulf of Mexico." Erikson noted that as specific
orders are received from BP under this agreement, they will be
reflected in orders and backlog in the Company's quarterly earnings
reports. Cameron is a leading provider of flow equipment products,
systems and services to worldwide oil, gas and process industries.
Website: http://www.c-a-m.com/ DATASOURCE: Cameron CONTACT: R.
Scott Amann, Vice President, Investor Relations of Cameron,
+1-713-513-3344 Web site: http://www.c-a-m.com/
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