CAM Cameron International Corp.

HOUSTON, Jan. 15 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM) has received an order worth approximately $100 million for the supply of subsea production systems for BP subsea tieback projects in the Gulf of Mexico. The current scope includes four subsea trees, production control systems, a manifold, flowline connection systems, engineering and project management services and related equipment. Engineering work and procurement of materials began in the second quarter of 2008, and deliveries are scheduled to begin in the fourth quarter of 2009 and continue throughout 2010. Cameron President and Chief Executive Officer Jack B. Moore said, "This is the first in a series of orders to be placed under our 2006 Gulf of Mexico frame agreement with BP, and reflects the result of a joint standardization and engineering effort with BP over the past two years." 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 possibility of cancellation of all or a portion of the order, the timing and amount of any subsequent orders and the Company's ability to successfully manufacture and deliver 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. 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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