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BP lets $100 million subsea production contract

Uchenna Izundu
International Editor

LONDON, Jan. 19 -- BP PLC has ordered engineering and project management services and subsea production systems valued at $100 million from Cameron for tieback projects and other operations in the Gulf of Mexico.

The equipment includes four subsea trees, production control systems, a manifold, flowline connection systems, and related equipment.

"Engineering work and procurement of materials began in the second quarter of 2008, and [equipment] deliveries are scheduled to begin in the fourth quarter of 2009 and continue throughout 2010," Cameron said.

This is the first in a series of orders to be placed under a 2006 Gulf of Mexico framework agreement with BP, reflecting their joint standardization and engineering effort over the past 2 years.

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