Petrobras awarded a US$24 million contract to Prysmian Group for downhole technology (DHT) systems.
The DHT systems for offshore oil and gas extraction application will be delivered in July 2014, and will be manufactured in the Prymian Group’s facilities in Bridgewater, New Jersey and Cariacica, Brazil, using Brazilian-sourced materials. DHT systems are 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 through reservoirs.
Recently, Prysmian Group has received the annual Petrobras award for best supplier of goods and services in the Campos basin. Competitiveness and performance (including safety and on-time delivery) were among the many criteria for the selection of winners. Other winners in the contest were Halliburton (ranking second in the same category won by Prysmian), FMC Technologies, and Ernst & Young.
Prysmian has more than 35 years of technical and commercial partnerships with Petrobras, with technical cooperation agreements and supplies of flexible pipes and umbilicals - both Steel Tube and Thermoplastic- for several projects. In recent times, the Group has also been awarded by Petrobras a new major contract related to a frame agreement for Umbilical products for offshore oil and gas extraction worth about US$260 million (with 50% minimum purchasing commitment and call-off orders to be placed within a two-year period) and the extension to 2016 of the existing frame agreement for flexible pipes, worth a total of $95 million ($20 million have already been called off for the Macabu, Jubarte, and Marlim Leste fields).
Prysmian Group has five production facilities dedicated to subsea umbilicals, risers and flowlines (SURF) products: three in the Espirito Santo State in Brazil (two in Vila Velha, for Umbilicals - both Steel Tube and Thermoplastic- and flexible pipes, and one in Cariacica, for both SURF products and DHT systems) and two in North America (Bridgewater and North Dighton for DHT systems).
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