Flow equipment products and services provider to oil and gas industry, Cameron, has received an order worth approximately $100 million for the supply of subsea production systems for BP's subsea tieback projects in the Gulf of Mexico.
According to the company, the current scope includes four subsea trees, production control systems, a manifold, flowline connection systems, engineering and project management services and related equipment.
Engineering work and procurement of materials began in the second quarter of 2008, and deliveries are scheduled to begin in the fourth quarter of 2009 and continue throughout 2010, said Cameron.
Jack Moore, president and CEO of Cameron, said: “This is the first in a series of orders to be placed under 2006 Gulf of Mexico frame agreement with BP.”
Earlier in the last week of July 2008, Cameron entered into an agreement for the supply of subsea production systems, including wellheads, trees, control systems, manifolds and chokes to a development program offshore west Africa. The order for the first phase of development under the agreement is approximately $800 million and includes 40 subsea trees and related equipment. Deliveries are scheduled to begin in the second half of 2009.
The company will expand its existing infrastructure in Angola to provide local machining and assembly operations in support of Cameron’s commitment to local content for these developments.
Cameron is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries.