Cameron (CAM -1.2%) receives a $275M order from South Korea’s STX Offshore & Shipbuilding...

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

Cameron (CAM -1.2%) receives a $275M order from South Korea’s STX Offshore & Shipbuilding for a complete drilling equipment package for an ultra-deepwater drillship capable of drilling wells to 40K ft. in up to 12K ft. of water. The order represents CAM's first complete rig package for a newbuild drillship.