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Cameron will supply subsea systems to Petrobras for its Gas Production Anticipation Plan (Plangas) efforts offshore Brazil. Petrobras’ investments in the Plangas program are designed to significantly increase domestic natural gas production in southeastern Brazil. Cameron will provide 22 subsea Christmas trees, control systems and related equipment for a cost of $127 million. Initial delivery and installation will begin the second quarter of 2008, with additional deliveries of subsea trees and equipment to continue through 2009.
TGS-NOPEC Geophysical Co. L.P. and Parallel Data Systems, Inc., (PDS) have entered into a definitive agreement, whereby TGS will acquire all shares of PDS. Founded in 1997, PDS is a high-tech seismic imaging specialist with offices in Houston and Dallas. It has developed a number of software applications designed to accurately and efficiently process seismic data in the time and depth domains.
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