HOUSTON, Jan. 20, 2011 /PRNewswire/ -- Cameron (NYSE: CAM)
has received a contract valued at approximately $90 million from Statoil for the provision of
high temperature, high pressure (HPHT) surface wellhead and
Christmas trees for the Norwegian Gudrun platform with further
options for the Valemon and Brynhild platform developments.
The seven-year agreement also includes aftermarket services
with the option for two-year extensions continuing through the
lifetime of the field.
Cameron (NYSE: CAM) is a leading provider of flow equipment
products, systems and services to worldwide oil, gas and process
industries.
Website: 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 the customer's acceptance of, the equipment
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.
SOURCE Cameron