Cameron Bags $600 Mln Subsea Trees Order from Petrobras

Cameron has received an order from Petrobras 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.”

Cameron is a US-based provider of flow equipment products, systems and services to worldwide oil, gas and process industries.

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