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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