Cameron awarded subsea systems contract from Esso Exploration and Production Nigeria Limited (EEPNL)
Tuesday, Feb 19, 2013
HOUSTON, Feb. 18, 2013 /PRNewswire/ -- Cameron (NYSE: CAM) has signed an agreement with EEPNL, an ExxonMobil affiliate, for the supply of subsea production systems to the Erha North Phase 2 development. The scope of supply includes five subsea production trees, two water injection trees, three manifolds, production and topside controls and associated equipment. Deliveries will commence in 2014.
Cameron Chairman, President and Chief Executive Officer Jack B. Moore said, "Cameron is pleased to be working with ExxonMobil on this development. This award will enable us to further enhance our in-country capabilities and add to our track record in Nigeria for executing projects, transferring skills to our Nigerian workforce and partnering with local suppliers."
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 subsea equipment ordered, or the cancellation of some or all of the order.
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.
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