This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cameron Awarded Supply Contract In Iraq Valued At About $100 Million

HOUSTON, June 26, 2012 /PRNewswire/ -- Cameron (NYSE: CAM) has been awarded a supply contract valued at about $100 million by the Rumaila Operating Organization (ROO) in Iraq. The ROO is a joint venture between the state owned South Oil Company (SOC), BP and the China National Petroleum Corporation (CNPC). The scope includes equipment for new wells and rehabilitation of existing wells along with the associated aftermarket services for the next three years.  This award from the ROO is further confirmation of Cameron's continuing support for the country of Iraq, BP and CNPC. 

Jack B. Moore, Cameron Chairman, President and Chief Executive Officer said, "We are proud to be an integral part of the Rumaila development which is so important for the Iraq community and the ongoing efforts to rebuild the country." He further stated, "We will be supporting this important contract with parts, service, equipment storage and deployment from our new Iraq facility."

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

Website: www.c-a-m.com

In addition to the historical data contained herein, this document includes forward-looking statements regarding the future amount of revenues of the Company resulting from this contract and use of an in-country facility 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, the stability of the country and the ability of ROO to implement its plans and the customer's acceptance of the equipment ordered, or cancellation of some or all of the order.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs