Cameron, a supplier of flow equipment systems, products and services to the global oil, gas and process industries, has announced that the company has inked a contract with CNOOC in order to provide subsea production systems for the development of "Panyu 35-1/2" deepwater gas field, located in the South China Sea.
The value of the contract is around $100 million. Six subsea production trees, one manifold, production controls, related subsea equipment, service support and rental tooling are included in the delivery, which has been scheduled to begin in 2013. Liwan 3-1 project was the first contract of Cameron in the China region, wherein this subsea systems supply is the second one.
According to the CEO, Chairman and President of Cameron, Jack B. Moore, the company has planned to achieve a key position in China, through this recent contract. New CAMSERV Aftermarket facility of Cameron in China will assist this project, Moore stated.