Cameron has renewed a contract with Petrobras to continue to supply aftermarket services and support for its developments offshore Brazil.

The agreement is a continuation of the CAMSER aftermarket services contract executed in 2007 and is expected to generate more than $150m in revenue to Cameron over the next three years.

Under the contract, the company will support Petrobras operations with inspection, maintenance, repair and remanufacturing, storage and offshore installation services.

Cameron will execute the agreement from its Macae service centre, which is undergoing an extensive capital expansion programme.