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Wednesday, May 6, 2009
Release
PRYSMIAN TO PRESENT WIDE RANGE OF HIGH-TECH CABLE SYSTEMS FOR THE OIL &GAS INDUSTRY AT THE OTC (OFFSHORE TECHNOLOGY CONFERENCE) 2009 IN HOUSTON
THE COMPANY ALSO ANNOUNCES SIGNIFICANT STEPS FORWARD IN ITS PLAN TO DEVELOP A COMPLETE RANGE OF “SURF” PRODUCTS FOR THE OIL & GAS INDUSTRY: FIRST PROTOTYPES OF FLEXIBLE PIPES MANUFACTURED IN THE BRAZILIAN PLANT OF VILA VELHA.
Milan – Houston 5 May 2009. Prysmian Cables & Systems, a leading worldwide player in the energy and telecom cable industry, is once again playing a major role at OTC (Offshore Technology Conference) 2009 presenting a wide range of high-tech cable systems for the Oil &Gas Industry, including the latest AirguardTM and Umbilical technologies as well as a wide range of submarine power cables and Onshore/Offshore cables.
The Group also moved a significant step forward to be able to offer a comprehensive range of SURF products (Subsea Umbilicals, Risers and Flowlines), adding to its current production of both Steel and Thermoplastic Umbilicals, a new production of Flexible Pipes for offshore oil & gas extraction. To this end, in 2008 Prysmian signed a four-year frame agreement with Petrobras for the design and supply of a wide range of dynamic risers and static flowlines, covering up to 6’’ diameter pipes, suitable for deepwater. The Company is now proud to announce that the first prototype lengths of the newly-developed Flexible Pipes have been manufactured in full compliance with the required design and project specifications and testing is currently underway. Samples of both prototypes will be on display at the 2009 Offshore Technology Conference (OTC).
Prysmian plans to commence full production of flexible pipes in 2010 when the construction of the new production facility in Vila Velha, Brazil, constructed exclusively for the manufacturing of these products, will be completed. The new plant, worth an investment of approximately $110 million, will complement the existing plant dedicated to the production of Umbilicals, opened in early 2007.
Prysmian Cables & Systems is strongly committed to developing and providing products and services for the entire Oil & Gas Industry, throughout the supply chain – from ESP exploration systems to refineries and processing plants – as the ongoing contracts awarded for major fields worldwide (e.g. Kashagan in Kazakhstan, Pearl GTL in Qatar, etc.) demonstrate. In addition to its well-known range of traditional products complying with the strictest and severest international and local standards and specifications, Prysmian stands out also for its commitment to innovation. This is confirmed by the enthusiasm and the consensus gained in the US and Canada marketplace by the innovative AIRGUARDTM Cable System (adopted mostly in oil-processing and petrochemical applications for its outstanding resistance to mechanical stress and chemical attack), which is becoming more and more the reference standard product in these applications.
On May 5th and 6th, Prysmian will be happy to provide the latest updates about its products and services for the Oil & Gas industry. On both days, from 12:00 to 13:00 the Company technicians will hold specialised product seminars. Registration for one of the available sessions will be possible on site at booth # 3531, Hall A/B.
Prysmian
A leading player in the industry of high-technology cables and systems for energy and telecommunication, the Prysmian Group is a truly global company with sales exceeding Euro 5 billion in 2008 and a strong position in higher value-added market segments. With its two businesses, Energy Cables & Systems (submarine and underground cables for power transmission and distribution, for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 38 countries, 53 plants in 21 countries, 7 Research & Development Centres in Europe, USA and South America, and over 12,000 employees. Specialising in the development of products and services designed to meet customers’ specific requirements, Prysmian’s key strengths include: a focus on Research & Development, the capacity to innovate products and production processes, and the use of advanced proprietary technologies. Prysmian is listed at the Milan Stock Exchange in the Blue Chip index.
Media Relations Investor Relations
Lorenzo Caruso
Luca Caserta
Communication Director
Head of Investor Relations
Ph. 0039 02 6449.1
Ph. 0039 02 6449.1
[email protected] [email protected]
Jessica Culshaw
Senior Account Executive
Tel : +44 (0) 115 9486901
Mob: +44 (0) 7980 746 427
Twitter: Twitter.com/JessCulshaw
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