Cameron (CAM) Announces $800 Million Supply Agreement to Offshore Program
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Cameron (NYSE: CAM) has entered into a frame agreement for the supply of subsea production systems, including wellheads, trees, control systems, manifolds and chokes to a major development program offshore west Africa. The order for the first phase of development under the agreement is worth approximately $800 million and includes 40 subsea trees and related equipment. Deliveries are scheduled to begin in the second half of 2009.[SM]
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