Cameron DPS Signs Preferred Supplier Agreement with Schlumberger


For Immediate Release - October 10, 2007 - Houston TX - Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.

"Cameron has been the Schlumberger IPM preferred supplier in Mexico for a number of years," said Gary Halverson, President of Surface Systems for Cameron's Drilling & Production Systems Division. "This agreement will give us preferred supplier status in North and South America, Europe, the Caspian, Africa, Central American the Middle East and Asia, as well. "

"We are excited to join with Schlumberger IPM in an agreement that spans the broad product line that Cameron offers and to have the opportunity to participate with them on a global basis," Halverson added.

Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.

For additional information contact: Sharon Sloan Email sharon.sloan@c-a-m.com Tel 713 939 2706

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