Cameron (CAM -0.9%) signs an agreement with Cnooc (CEO) for the supply of subsea production...

|About: Cameron International Corpo... (CAM)|By:, SA News Editor

Cameron (CAM -0.9%) signs an agreement with Cnooc (CEO) for the supply of subsea production systems in support of the Panyu 35-1/2 deepwater gas field developments in the South China Sea, in a contract valued at ~$100M. "This award further cements Cameron's strategy to take a leading position in China," Cameron CEO Jack Moore says.