Cameron Receives $100 Million Contract for Subsea Systems on Van Gogh Project Offshore Australia
July 13 2007 - 7:30AM
PR Newswire (US)
HOUSTON, July 13 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM) has
been awarded a contract worth approximately $100 million to provide
equipment for Apache Energy Ltd.'s Van Gogh project offshore
Western Australia. Under the contract, Cameron will provide
engineering and project management services, 13 wellhead and subsea
tree systems, control systems, two subsea manifold structures with
the associated flowline connection system and related equipment.
Initial delivery and installation of wellheads and trees is
scheduled to begin in July 2007, with additional trees, controls,
manifolds and other equipment deliveries to continue through 2008.
Cameron President and Chief Operating Officer Jack B. Moore said,
"We are pleased to have the opportunity to work with Apache on this
important project and continue Cameron's long history of providing
equipment and services in this region." Cameron (NYSE:CAM) 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/ In addition to the historical data contained
herein, this document includes forward-looking statements regarding
future revenues of the Company resulting from this contract made in
reliance upon the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The Company's actual results may
differ from those described in forward-looking statements. These
statements are based on current expectations of the Company's
performance and are subject to a variety of factors, some of which
are not under the control of the Company. Such factors include the
Company's ability to successfully manufacture and deliver, and
Apache's acceptance of, the subsea systems ordered. Because the
information herein is based solely on data currently available, it
is subject to change as a result of changes in conditions over
which the Company has no control or influence, and should not
therefore be viewed as assurance regarding the Company's future
performance. Additionally, the Company is not obligated to make
public indication of such changes unless required under applicable
disclosure rules and regulations. Contact: R. Scott Amann Vice
President, Investor Relations (713) 513-3344 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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