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Cooper Cameron Wins Subsea Work on Akpo Field

Source: www.gulfoilandgas.com 5/17/2005, Location: Africa

The Cameron division of Cooper Cameron Corporation has been awarded a contract worth approximately $340 million to provide subsea systems for the initial phase of Total's Akpo, a 44-well subsea development project offshore Nigeria.

Cameron's role includes providing subsea systems engineering and project management, along with subsea Christmas trees, production and intervention control systems, manifolds, flowline connection systems, installation support and associated spares for Total's Nigerian subsidiary, Total Upstream Nigeria Limited. Initial equipment delivery and installation is slated to begin in the third quarter of 2006, with additional deliveries of subsea trees and associated equipment to continue through 2008.

Cooper Cameron Chairman, President and Chief Executive Officer Sheldon R. Erikson said, "We are pleased to add Total's Akpo to the list of projects in the important West African market for which we are providing production equipment, design and engineering expertise and life-of-field support." He said that Cameron's facility in Onne Port, Nigeria will provide testing and maintenance support for the Akpo project and other deepwater developments in the West Africa region. Erikson also noted that Cameron will provide supplemental installation and support services for the Akpo project, bringing the total value of the contract to approximately $415 million.

Cooper Cameron Corporation (NYSE: CAM) is a leading international manufacturer of oil and gas pressure control equipment, including valves, wellheads, controls, chokes, blowout preventers and assembled systems for oil and gas drilling, production and transmission used in onshore, offshore and subsea applications, and provides oil and gas separation equipment. Cooper Cameron is also a leading manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers.

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