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With aggregate revenues of around Euro
400 million , the new Oil & Gas Business
Area can boast a well-established market
presence in North America, Brazil, Europe
and in the Asia-Pacific region. The main
production facilities are located in several
countries: Norway, Italy, Turkey, China,
Spain, Malaysia, Brazil and US. The new Oil
& Gas Business Area has been entrusted to
Cristiano Tortelli, who joins the Group as
Senior Vice President. The Area will include
the Oil & Gas Business Unit – previously
part of Energy Products - and the SURF
Business Unit - originally included in Energy
Projects. The goal of this new organisational
structure is to position Prysmian Group as
one of the key global suppliers in the Oil
OIL & GAS
& Gas market, from Subsea (Umbilical &
Flexible Pipes) and Down-hole technology,
to the Core Cables products portfolio.
Technology will play a key role in meeting
the new industry challenges, supported
by a strong and multicultural project
management organisation. In the context of
today’s oil prices, collaboration with Major
and National Oil Companies and industrial
service providers will be a key strategy in
redefining the new industry standards, as
well as a means to simplify the way capital
projects are executed. Working together
to design a fit-for-purpose system is the
message that the new business area plans
to promote to their customers and partners.
Prysmian Group has established a new Business Area
devoted to a key market with a more integrated approach.
“The extremely wide range of solutions
Prysmian offers can meet the most
demanding requirements and thus expand
the market share of the Group in this
strategic space”.
Senior Vice President
Oil & Gas business
and New Markets
Cristiano Tortelli