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Cameron signed an agreement with CNOOC for the supply of subsea production systems in support of the Panyu 35-1/2 deepwater gas field developments in the South China Sea. The contract is valued at approximately $100 million.
The scope of supply includes six subsea production trees; production controls; one manifold; associated subsea equipment; rental tooling; and service support. Deliveries are scheduled to commence in 2013.
Jack B. Moore, Cameron’s chairman, president and chief executive officer, commented, "This project will be supported by our new CAMSERV™ aftermarket facility in Shekou, China."