Prysmian is a strong force in the international cable industry
Prysmian Cables & Systems will supply special cables for applications in the oil, gas and petrochemicals industry in two major contracts it signed recently with Saipem, an oil and gas industry contractor, Prysmian announced. The two deals are worth in excess of 60 million euros. The Prysmian group will supply a wide range of power, instrumentation and fibre optic cables specially designed for Process Plant and Sulphur Recovery Units for treating natural gas at the Shah Arab Field in Abu Dhabi, UAE, and hydrocarbon resistant instrumentation and signalling cables for the BS 171 oil booster station project in Kuwait. The two contracts are worth in excess of 50 million euros and 10 million euros respectively. The cables will be produced in the Italian plants of Livorno Ferraris (Vercelli), Merlino (Lodi) and Ascoli Piceno. "The Middle East and the companies operating in the oil, petrochemicals and chemicals industry in this region are strategic for the development of the group’s business in this sector," Prysmian said in a statement. It added that Prysmian cable systems had been selected for current high-profile projects such as the Qafco fertiliser plant in Qatar (the largest in the world), the Borouge polyolefin plant in Abu Dhabi and the LNG 2 plant in Yemen. Other projects in which Prysmian has been recently involved include some of the most important, strategic and technologically advanced in the industry, such as the Kashagan Oil Field in Kazakhstan, the Seadrill, Petrorig and Hull offshore drilling rigs for Jurong Shipyards and Keppel Fels in Singapore, and the Shell Nanhai petrochemicals complex in China’s Guangdong province. Prysmian’s portfolio of cable solutions for the oil, petrochemicals and chemicals industry has been recently complemented with the addition of innovative systems with enhanced technical features and reduced environmental impacts such as the Drylam and Airguard cable system. The company is listed on the Milan Stock Exchange in the Blue Chip index.
