Cameron to supply Petrobras with 25 subsea Xmas trees for Campos Basin
2008.06.26 -
Contracts
Cameron (NYSE: CAM) has been awarded a contract worth approximately $100 million to supply subsea trees to Petrobras for use in their Campos Basin developments offshore Brazil. Under the contract, Cameron will provide 25 subsea Christmas trees under Petrobras’ standard design, with the installation to be supported by previously supplied standard tools and associated equipment. Initial delivery is slated to begin in the second quarter of 2009, with deliveries under this agreement to be completed by year-end.
Cameron President and Chief Executive Officer Jack B. Moore said, “We are pleased to continue in our role as one of Petrobras’ primary suppliers of equipment and systems. One of the essential drivers for this order was our ability to ensure timely delivery of the equipment, made possible in part by our recent investment in capacity additions in Brazil, a key factor in our direct negotiations with Petrobras.” Moore noted that the trees are not currently designated for a
specific project, but will be allocated as needed to developments within the Campos Basin. “We
are also currently producing equipment for Petrobras under several other orders,
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
