Petrobras and Cameron Sign a Subsea Aftermarket Service Agreement
September 06 2011 - 12:42PM
PR Newswire (US)
HOUSTON, Sept. 6, 2011 /PRNewswire/ -- Cameron (NYSE: CAM) announced today that it
has renewed an agreement with Petrobras for the supply of
aftermarket services and support for their developments offshore
Brazil. This agreement is a
continuation to the CAMSERV™ aftermarket services contract
previously signed in 2007 and is expected to generate more than
$150 million in revenue to
Cameron over the next three
years.
Cameron will manage the
agreement from its service center in Macae which is undergoing an
extensive capital expansion program. The facility will
support Petrobras operations with inspection, maintenance, repair
and remanufacturing, storage and offshore installation
services.
"We are pleased to continue our work with Petrobras as part of
our worldwide commitment to CAMSERV aftermarket services,
particularly in the expanding Brazilian market", said Jack Moore, Cameron's Chairman and CEO.
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
SOURCE Cameron
Copyright 2011 PR Newswire
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