Petrobras, Cameron Sign Subsea Service Agreement

October 2011, Vol. 238 No. 10

Cameron has renewed an agreement with Petrobras for the supply of aftermarket services and support for their developments offshore Brazil. The agreement is a continuation to the CAMSERV™ aftermarket services contract previously signed in 2007 and is expected to generate more than $150 million in revenue to Cameron over the next three years.

Cameron will manage the agreement from its service center in Macae which is undergoing an extensive expansion. The site will support Petrobras operations with inspection, maintenance, repair and remanufacturing, storage and offshore installation services.