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Cameron Receives $74 Million Order from Petrobras

Thursday, January 13, 2011  
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Cameron has received an order from Petrobras for 27 subsea trees and related equipment, worth approximately $74 million, for use in their developments offshore Brazil.

The order represents the remaining trees under a 138-tree frame agreement announced in September 2009. Cameron received a purchase order for the initial 111 trees and associated equipment at the time the frame agreement was signed. Deliveries of the trees are scheduled to begin during 2011 and continue over a four-year period. More…

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