Thursday, Cameron International Corporation (CAM), a provider of oil and gas flow equipment products and services, said it has won an order worth approximately $100 million to supply subsea production systems for BP subsea tieback projects in the Gulf of Mexico.
The Houston, Texas-based company said the current scope includes four subsea trees, production control systems, a manifold, flowline connection systems, engineering and project management services and related equipment.
Cameron president, chief executive officer Jack Moore said, "This is the first in a series of orders to be placed under our 2006 Gulf of Mexico frame agreement with BP, and reflects the result of a joint standardization and engineering effort with BP over the past two years."
Further, the company stated that 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.
The prior contract announcment by the company was on 28 July, 2008, when it entered into an $800 million frame agreement to provide subsea systems to a major development program offshore West Africa.
CAM closed Wednesday's trading at $21.24 on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.