Under the contract, which consists of three packages, Cameron will provide ten subsea Christmas trees, wellheads, associated production control systems, in-field jumpers and flowline connection systems, along with engineering and project management services, for Petroleos De Venezuela’s (PDVSA) Dragon and Patao natural gas development projects.

Initial equipment delivery and installation is slated to begin in the first quarter of 2008, with additional deliveries of subsea trees and associated equipment to continue through 2009. These two fields are part of the development plan for PDVSA’s Mariscal Sucre Project, which involves the exploitation of four natural gas fields offshore Venezuela.

Sheldon Erikson, chairman and CEO of Cameron, said: Cameron has been a long-time supplier to PDVSA’s operations in onshore regions and in the Lake Maracaibo area and we are pleased to have been chosen to provide the subsea systems for Venezuela’s first subsea field development.