Cameron Awarded Order For 25,000 psi Blowout Preventer
HOUSTON, March 27, 2014 /PRNewswire/ -- Cameron (NYSE: CAM) announced today that it has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold.
Cameron delivered the industry's first and only 13-5/8" 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided to place this second order with Cameron for high pressure activity planned to begin in 2015.
Chairman and CEO of Cameron, Jack Moore, commented "Cameron has long been committed to leading the industry in this ultra-high pressure space. We will continue to provide customers the technology they need to safely recover oil and gas from challenging, high pressure fields. Cameron has now sold four 20,000-plus psi blow out preventers, establishing ourselves as a proven leader in this emerging market."
Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.