Cooper is also said to have won a $US9 million supply contract with Brazil’s Petrobras for the supply of three subsea Christmas trees to be installed on the Espadarte field in the Campos Basin. The horizontally laid Christmas trees will be installed at depths of 1500 metres, using electrical submersible pumps.

Amid the contract news came the announcement that Cooper Cameron’s vice president and treasurer, Michael Jennings, will leave the company at the end of June to pursue outside opportunities.

Jennings originally joined Cooper Cameron in 1995 and has held his current position since 2000. The Company has begun an internal and external search for a replacement.

"Mike has been a valuable contributor in his role as a key member of the company's finance team. While he will be missed, we wish him well in the next phase of his career," said Sheldon Erikson, Cooper Cameron’s chairman, president and chief executive officer.