Cameron Supplying X-mas Trees for Petrobras
Claudio Paschoa
January 21, 2010
With major contracts secured in the last two years in Brazil, Cameron is in a great position to expand its presence in the Brazilian subsea market in 2010 and beyond.After being awarded a $100 million contract for 25 subsea Xmas tress for the Campos Basin by Petrobras in 2008, (deliveries completed in late 2009), Cameron entered into a frame agreement with Petrobras in 2009, expected to be worth approximately $500 million, for the supply of subsea trees and related running tools to Petrobras for use in their developments offshore Brazil. Under the agreement, Cameron is providing 138 subsea Christmas trees, with the installation to be supported by 18 sets of running tools that are also part of the scope of supply.