Prysmian Group signs new contract with Brazilian Petrobras.

Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a new contract worth approximately USD 24 million by the Brazilian oil company Petrobras.

The award refers to special Down Hole Technology systems for offshore oil and gas extraction application to be delivered in July 2014, that will be manufactured in the Group's facilities in Bridgewater, NJ (USA) and Cariacica, Brazil, using materials (namely steel) of Brazilian sourcing. DHT systems are technology-driven specialty products for oil, gas and geothermal wells that include Tubing Encapsulated Cables used in individual wells to monitor temperature, pressure and other parameters to better control flow though overall reservoirs.

Steel Guru