8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 11, 2008

Cameron International Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-13884	76-0451843
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
1333 West Loop South, Suite 1700, Houston, Texas		77027
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 713-513-3300

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On March 11, 2008, Cameron announced that it had been awarded a contract with an initial value of approximately $650 million to provide subsea systems for the initial phase of Total's Usan, a 44-well subsea development project offshore Nigeria.

The press release is included as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

The following is being furnished as an exhibit to this report.

Exhibit 99.1 Press Release of Cameron, dated March 11, 2008 -- Cameron Awarded $650 Million Contract for Subsea Equipment Offshore West Africa

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Cameron International Corporation
March 17, 2008	By:	William C. Lemmer
		Name: William C. Lemmer
		Title: Senior Vice President, General Counsel and Secretary

Exhibit Index

Exhibit No.	Description
99.1	Press Release of Cameron, dated March 11, 2008 - Cameron Awarded $650 Million Contract for Subsea Equipment Offshore West Africa

EX-99.1

Exhibit 99.1

2008-4

Contact: R. Scott Amann
Vice President, Investor Relations
(713) 513-3344

CAMERON AWARDED $650 MILLION CONTRACT FOR SUBSEA EQUIPMENT OFFSHORE WEST AFRICA

HOUSTON (March 11, 2008) — Cameron (NYSE: CAM) has been awarded a contract with an initial value of approximately $650 million to provide subsea systems for the initial phase of Total’s Usan, a 44-well subsea development project offshore Nigeria.

Under the contract, Cameron will provide subsea systems engineering and project management, along with subsea Christmas trees, production and intervention control systems, manifolds, flowline connection systems, installation support and associated spares for Total’s Nigerian subsidiary, Elf Petroleum Nigeria Limited. The agreement also includes provisions for additional revenues of approximately $2 million per well associated with installation and commissioning support over the life of the contract. Initial equipment delivery and installation is slated to begin in the first quarter of 2009, with additional deliveries of subsea trees and associated equipment to continue through 2012.

Cameron President and Chief Operating Officer Jack B. Moore said, “We are pleased that Total has chosen Cameron as the systems supplier for the Usan project, further confirming our role as a significant contributor to subsea developments in the West African market.”

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

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Website: www.c-a-m.com

In addition to the historical data contained herein, this document includes forward-looking statements regarding future revenues of the Company resulting from this contract made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from those described in forward-looking statements. These statements are based on current expectations of the Company’s performance and are subject to a variety of factors, some of which are not under the control of the Company. Such factors include the Company’s ability to successfully manufacture and deliver, and Total’s acceptance of, the subsea systems ordered, as well as the amount of additional revenues per well that may be realized.

Because the information herein is based solely on data currently available, it is subject to change as a result of changes in conditions over which the Company has no control or influence, and should not therefore be viewed as assurance regarding the Company’s future performance. Additionally, the Company is not obligated to make public indication of such changes unless required under applicable disclosure rules and regulations.