Cameron Awarded $600 Million Order From Petrobras, Brazil

abarrelfullabarrelfull wrote on 16 Mar 2013 11:08
Tags: brazil cameron petrobras s-america services

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Cameron (NYSE: CAM) has received an order totaling approximately $600 million for the supply of 47 subsea trees and associated equipment. The deliveries for the equipment, destined for Pre-Salt and Post-Salt areas offshore Brazil, will commence in 2014.

Cameron Chairman, President and Chief Executive Officer Jack B. Moore said, “Cameron welcomes the opportunity to continue to support Petrobras. This order will be supported by the expansion of our manufacturing capabilities in Brazil, completed this quarter.”

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