Market Overview

Cameron Awarded $275M Order from STX Offshore & Shipbuilding

Cameron (NYSE: CAM) announced today that it has received an order from STX Offshore & Shipbuilding Co., Ltd., totaling approximately $275 million, to supply a complete drilling equipment package for a 12,000 foot ultradeepwater drillship. STX Offshore & Shipbuilding Co., Ltd. has a contract to build a new drillship from Sigma Drilling Ltd., of which Vantage Drilling Co. is a partner.  

This order represents Cameron's first complete rig package for a newbuild drillship.

Chairman and CEO of Cameron, Jack Moore, commented, "After TTS Energy's successful completions of several full equipment packages for jackup drilling rigs, we now welcome the opportunity to provide a complete drilling equipment package for a drillship. We look forward to showcasing our capabilities on this project."

Cameron is a leading provider of flow control equipment products, systems and services to worldwide oil, gas and process industries.  
SOURCE Cameron

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Posted-In: News Guidance Contracts Asset Sales Management Global

 

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