Cameron Receives Surface Equipment Order from ConocoPhillips

Mar 08, 2011, 07:27 ET from Cameron

HOUSTON, March 8, 2011 /PRNewswire/ -- Cameron (NYSE: CAM) has received a contract valued at approximately $200 million from ConocoPhillips to provide equipment and services on two new platforms in the Greater Ekofisk Area Development offshore Norway.  The contract is subject to Government approval of the Plan for Development and Operations (PDO) for Ekofisk South and Eldfisk II.  The multi-year agreement calls for Cameron to furnish surface wellheads and Christmas trees for multiple wells during the contract term, with an additional provision for aftermarket support and services over the life of the field.


In addition to the historical data contained herein, this document includes forward-looking statements regarding future revenues of the Company resulting from this contract made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  The Company's actual results may differ from those described in forward-looking statements.  These statements are based on current expectations of the Company's performance and are subject to a variety of factors, some of which are not under the control of the Company.  Such factors include the Company's ability to successfully manufacture and deliver, and the customer's acceptance of, the equipment ordered.

Because the information herein is based solely on data currently available, it is subject to change as a result of changes in conditions over which the Company has no control or influence, and should not therefore be viewed as assurance regarding the Company's future performance.  Additionally, the Company is not obligated to make public indication of such changes unless required under applicable disclosure rules and regulations.

SOURCE Cameron