Petrobras has signed a $500-million frame agreement with Cameron.
Offshore staff
HOUSTON -- Petrobras has signed a $500-million frame agreement with Cameron. Under the agreement, Cameron will provide 138 subsea trees for projects offshore Brazil. Installation will be supported by 18 sets of running tools. Initial delivery is scheduled to begin in 2011, and will continue for four years.
As a part of the agreement, Cameron has received a purchase order contract for the first 111 subsea trees. Deliveries are due to begin in 1Q 2011 and continue until 1Q 2014.
