Cameron, a Houston-based manufacturer of flow equipment products, systems, and services for oil-and-gas and process industries worldwide, reports a new contract from Petrobras for 27 subsea trees and related equipment.

Jack B. Moore, Cameron’s president and CEO, stated: "We are pleased to have the opportunity to build on our history as a primary supplier of equipment and services in the Brazilian market, and we look forward to continuing our support of Petrobras' developments and our ongoing investment in Brazil."

A subsea tree is an assemblage of valves, spools, and fittings used for an underwater oil or gas well. The Petrobras contract is valued at approximately $74 million. The systems will be part of the Brazilian petroleum group’s offshore development near Brazil.

Cameron explained the new order represents the remaining trees to be supplied under an existing framework agreement for 138 trees, announced in September 2009.

The deliveries of the trees are scheduled to begin during 2011 and continue over four years.

Moore noted that the trees included in the new order will be designed with “enhanced drill-through capability” that improve cost and time factors for drilling.