ExxonMobil awards Cooper Cameron division $100 million subsea contract

Sept. 4, 2001
An ExxonMobil Corp. subsidiary awarded Cooper Cameron Corp.'s Cameron division a contract totaling about $100 million for subsea equipment to be installed off West Africa, officials said Tuesday.

HOUSTON, Sept. 4 -- An ExxonMobil Corp. subsidiary awarded Cooper Cameron Corp.'s Cameron division a contract totaling about $100 million for subsea equipment to be installed off West Africa, officials said Tuesday.

Under that contract, Cameron will provide subsea trees, control systems, manifolds, and related services for Esso Exploration Angola (Block 15) Ltd.'s Kizomba A project off Angola. Initial delivery and installation is slated to begin late next year.

Cameron will provide systems engineering and project management, along with the modular equipment systems. Installation will require 23 subsea trees and related equipment, officials said.

This is the second significant project ExxonMobil has awarded Cameron. "The $45 million order we announced in connection with our first quarter earnings release was for an early production system to be installed in an ExxonMobil development offshore West Africa," said Cooper Cameron Chairman, Pres., and CEO Sheldon R. Erikson. Cameron's scope of supply for that contract is similar to the one announced Tuesday, he said.

Cameron also participated in other projects off West Africa, including the initial phase of Triton Energy Ltd.'s Ceiba project off Equatorial Guinea; an additional $16 million order from Triton for another development phase; and a $4 million offshore project for Angola Drilling Co.

"Several additional large-scale subsea project developments offshore West Africa are still to be awarded," Erikson said. "We look forward to extending Cameron's successes in this increasingly important supply region, as well as expanding our local support infrastructure to provide life-of-field support in the area."

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