Cameron International Corporation is a leading provider of flow equipment products,
systems and services to worldwide oil, gas and process industries. The Company’s
operations are organized into three business segments – Drilling &
Production Systems (DPS), Valves & Measurement (V&M) and Compression
Systems (CS).
Cameron is one of the leaders in the global market for the supply of petroleum
production equipment. Cameron believes that it is well-positioned to serve these
markets. Plant and service center facilities around the world in major oil-
and gas-producing regions provide a broad market coverage.
Since its inception, the Company has completed several acquisitions, including
the assets of Ingram Cactus Company in 1996, Orbit Valve International Inc.
in 1998, Stewart and Stevenson’s Petroleum Equipment segment and Nutron
Industries in 2002, Petreco International Inc. and the PCC Flow Technologies
segment of Precision Castparts Corp. (PCC) in 2004, and NuFlo Technologies,
Inc. and the On/Off Valve business unit of the Flow Control segment of Dresser,
Inc. in 2005. In January 2006, the Company acquired the assets and liabilities
of Caldon, Inc. which added a new ultrasonic measurement product line to the
existing flow management product line in the V&M segment.
Drilling & Production Systems Segment
DPS is one of the world’s leading providers of systems and equipment used
to control pressures, direct flows of oil and gas wells and separate oil and
gas from impurities. Its products are employed in a wide variety of operating
environments including basic onshore fields, highly complex onshore and offshore
environments, deepwater subsea applications and ultra-high temperature geothermal
operations.
Valves & Measurement Segment
V&M is a leading provider of valves and measurement systems primarily used
to control, direct and measure the flow of oil and gas as they are moved from
individual wellheads through flow lines, gathering lines and transmission systems
to refineries, petrochemical plants and industrial centers for processing. Equipment
used in these environments is generally required to meet demanding standards,
including API 6D and the American Society of Mechanical Engineers (ASME).
V&M’s products include gate valves, ball valves, butterfly valves,
Orbit® valves, double block & bleed valves, plug valves, globe valves,
check valves, actuators, chokes and aftermarket parts and services. Measurement
products include totalizers, turbine meters, flow computers, chart recorders,
ultrasonic flow meters and sampling systems.
Compression Systems Segment
CS is a provider of reciprocating and integrally geared centrifugal compression
equipment and aftermarket parts and services. Reciprocating compression equipment
(Reciprocating Technology) is used throughout the energy industry by gas transmission
companies, compression leasing companies, oil and gas producers and independent
power producers. Integrally geared centrifugal compressors (Centrifugal Technology)
are used by customers around the world in a variety of industries, including
air separation, petrochemical and chemical. CS’s products include aftermarket
parts and services, integral engine-compressors, separable compressors, turbochargers,
integrally geared centrifugal compressors, compressor systems and controls.
Its aftermarket services include spare parts, technical services, repairs, overhauls
and upgrades.
Cameron competes in all areas of its operations with a number of other companies,
some of which have financial and other resources comparable to or greater than
those of Cameron.
Cameron has a leading position in the petroleum production equipment markets.
In these markets, Cameron competes principally with Aker Kvaerner, Baker Hughes
Centralift division of Baker Hughes, Inc., Balon Corporation, Circor International,
Inc., Dover Corporation, Dril-Quip, Inc., Emerson Process Management, FlowServ
Corp., FMC Technologies, Inc., GE Oil & Gas Group (including Vetco Gray),
Hydril Company, Masterflo (a division of Stream-Flo Industries Ltd. (i.e. Stream)),
NATCO Group, Inc., National Oilwell Varco Inc., PBV-USA, Inc. (a Zy-Tech Global
Industries company), Petrovalve (a Flotek Industries, Inc. company), Pibiviese,
SPX Corporation’s Flow Technology Segment, T3 Energy Services Inc., Tyco
International Ltd., the Weatherford Artificial Lift business of Weatherford,
Inc. and Wood Group.
The principal competitive factors in the petroleum production equipment markets
are technology, quality, service and price. Cameron believes several factors
give it a strong competitive position in these markets. Most significant are
Cameron’s broad product offering, its worldwide presence and reputation,
its service and repair capabilities, its expertise in high-pressure technology
and its experience in alliance and partnership arrangements with customers and
other suppliers.
Cameron also has a strong position in the compression equipment markets. In
these markets, Cameron competes principally with the Ariel Corporation, Atlas-Copco
AB, CECO (a Compressor Engineering Corporation company), Demag, Dresser-Rand
Company, FS-Elliott Company, LLC, Endyn Energy Dynamics, Hoerbiger Group and
IR Air Solutions. The principal competitive factors in the compression equipment
markets are engineering and design capabilities, product performance, reliability,
quality, service and price. Cameron has a competent engineering staff and skilled
technical and service representatives.