China win for Cameron

Contract awarded: Cameron to supply subsea components

AP/SCANPIX

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Kathrine Schmidt

 04 June 2012 21:04 GMT

Cameron has earned a $100 million contract for CNOOC Ltd for subsea production equipment in the South China Sea, the company said Monday.

The work for the Panyu 35-1/2 deepwater field includes, among other things, six subsea trees, production equipment, a manifold and subsea support, with deliveries kicking off in 2013.

This is the Houston-based company’s second major award in the country, following the Liwan 3-1 project, it said.

"This award further cements Cameron's strategy to take a leading position in China," chief executive Jack Moore said in a statement.

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