Cameron Receives Award for Subsea Systems from Chevron
January 04 2010 - 7:32AM
PR Newswire (US)
HOUSTON, Jan. 4 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM) has
received an order worth in excess of $230 million for the supply of
subsea production systems for Stage I of Chevron's Jack & St.
Malo subsea development in the Gulf of Mexico. The project will
include 12 15,000-psi subsea trees, production control systems,
four manifolds and associated connection systems, engineering and
project management services. Deliveries are scheduled to begin in
the third quarter of 2011 and continue through the second quarter
of 2013. Cameron President and Chief Executive Officer Jack B.
Moore said, "We welcome the opportunity to provide Cameron's
high-pressure, high-temperature deepwater technology to support the
Jack & St. Malo development as part of our ongoing Advanced
Supplier Relationship with Chevron." 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
the amount and timing of 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 and the Company's ability to
successfully manufacture and deliver 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. DATASOURCE: Cameron
CONTACT: R. Scott Amann, Vice President, Investor Relations of
Cameron, +1-713-513-3344 Web Site: http://www.c-a-m.com/
Copyright
Cooper Cameron (NYSE:CAM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cooper Cameron (NYSE:CAM)
Historical Stock Chart
From Jul 2023 to Jul 2024