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Cameron Enters into Frame Agreement with Petrobras, Receives Initial Order for 111 Subsea Trees

Monday, October 5, 2009  
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Cameron has entered into a frame agreement with Petrobras, expected to be worth approximately $500 million, for the supply of subsea trees and related running tools to Petrobras for use in their developments offshore Brazil.

Under the agreement, Cameron will provide 138 subsea Christmas trees, with the installation to be supported by 18 sets of running tools that are also part of the scope of supply. Initial delivery is slated to begin in 2011, with deliveries to continue for four years.


As a part of this agreement, Cameron has also received a purchase order contract for the first 111 subsea trees. Deliveries under this initial order are to begin in the first quarter of 2011 and continue until the first quarter of 2014. More…


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