The supply is part of the strategic "PLANGAS" initiative aimed at solving Brazil's gas
supply shortage
With this contract Prysmian further strengthens its position in the higher end market
segment of
industrial cables for the Oil, Gas & Petrochemical (OGP) industry
Prysmian Cables & Systems, a world leading company in the Power and
Telecommunication Cables and Systems industry, has been awarded a US$ 18m contract by Brazilian
company Petrobras (Petróleo Brasileiro SA) for 35km of static and dynamic Steel Tube Umbilicals to
be installed in a number of fields in the Santos, Campos and Espirito Santo Basins, located
offshore to the Brazilian coastline. Umbilicals are multifunctional tubing systems which enable sub
sea wellheads and manifolds to be connected to platforms or FPSO’s (Floating Production Storage and
Offloading). Prysmian designs and produces these products and solutions at its industrial facility
in Vila Velha, Brazil.
This contract represents a step forward in reinforcing Prysmian’s positioning in the high
value-added market segments of industrial cables for the Oil, Gas & Petrochemical industry, and
furthermore consolidates the relationship with its key client Petrobras.
These Umbilicals will form part of the Brazilian State sponsored “Plangas”
initiative whereby the Brazilian state controlled company, Petrobras, intends to significantly
increase its national daily gas production. The first step of this major project consists of the
acceleration and expansion of gas fields already in operational or developmental phases and
corresponds to 40% of the additional gas volume forecasted for 2008. The project requires
electro-hydraulic umbilicals, in eight different configurations to be installed in nine fields
along the Brazilian coast.
The Umbilicals will consist of 9x10,000 psi hydraulic lines, 3x10,000 psi injection lines
and four pairs of electrical control cables. This contract will also mark one of the first dynamic
production Super Duplex Stainless Steel Tube Umbilicals to be installed by Petrobras in Brazil,
which historically has used Thermoplastic hoses. Ranging in water depths of up to 2000m, the
umbilicals will be delivered on a fast track basis during 2008, following full qualification
testing with the first delivery in mid 2008.
Prysmian
The Prysmian group is a world leader in the energy and telecommunication cables industry, with
a strong market position in higher-added value market segments. Organised into two business units,
Energy Cables & Systems (submarine and terrestrial cables for electricity transmission and
distribution) and Telecom Cables & Systems (optical fibres and cables for video, data and voice
transmission, and copper telecom cables), the Prysmian Group has a global presence with
subsidiaries in 36 countries, 54 plants in 21 countries, 7 Research & Development Centres in
Europe, the United States and South America, and more than 12,000 employees. Specialising in the
development of products and systems designed to meet clients' specific requirements, Prysmian's
main competitive strengths include its focus on research and development, its innovative products
and production processes, and the use of advanced proprietary technologies. Prysmian is listed on
the Milan Stock Exchange Blue Chip index.
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