Cameron International Corp. (NYSE: CAM) was awarded a three year, $100 million supply contract by the Rumaila Operating Organization in Iraq. The contract includes equipment for new wells and the rehabilitation of existing wells, plus related services, the Houston-based company said in a June 26 statement.
The Rumaila Operating Organization is a partnership among the state-owned South Oil Co., BP Plc (NYSE: BP) and the China National Petroleum Corp.
Cameron Chairman, President and CEO Jack Moore said in the statement that the company was proud to be a part of the Rumaila Operating Organization development, “which is so important for the Iraq community and the ongoing efforts to rebuild the country."
Earlier this year, the oil and gas equipment and services company reported first quarter 2012 earnings that rose 22 percent from the same period in 2011, a 70 percent year-over-year increase in orders and a record 38 percent increase in backlog.