PRWire

New orders acquired for high-voltage connections in italy

Milan - Prysmian Cables & Systems, a world leading player in the energy and telecommunication cables market, has today announced that Prysmian Italy has acquired important orders for high-technology cables and systems in the Oil & Gas field in Kazakhstan, as well as contracts for creating high-voltage energy transmission networks in Italy.

In the Oil & Gas industry sector, Prysmian Italy has been awarded a new order worth €10 million, to design and install special on-shore high-technology cables intended for the Kashagan oil facility in Kazakhstan, one of the largest petroleum deposits discovered in the past 40 years. The exploitation of the deposit is entrusted to a consortium composed of the largest international oil companies. This order follows a series of other deliveries made by Prysmian Italy to Italian and foreign engineering and installation firms in Kazakhstan, for off-shore and on-shore applications for a total value of more than €20 million.

Prysmian holds a significant share of the worldwide special cables market for the on/off-shore oil systems sector, having developed projects in strategic areas such as the Middle East, Brazil and the Caspian area. Prysmian Italy, whose track record includes deliveries to the most important projects in the world, is a Centre of excellence in the Prysmian Group for the production of these cables, used in process systems and for treatment and storage systems, oil platforms, drilling platforms, process platforms and in FPSO’s. Recently new investments have been planned to further specialize those plants where cables for the Oil & Gas sector are made.

In the high-value-added sector of high-voltage connections for energy transmission, Prysmian Italy was awarded the “turnkey” contract to bury three overhead lines (one owned by ENEL and two owned by RFI), for a total of approximately 40 km of high-voltage, 132 kV cable, as part of the Urban Redevelopment Plan for the former Neri Distilleries in the Municipality of Faenza. The activities for which Prysmian is responsible include the design and production of cables for the new network, performing of all the civil construction work and installation of the cables themselves (which on several sections will be conducted using remote control systems). Prysmian will also be responsible for dismantling the existing overhead lines, with consequent advantages for the environment and the landscape. The Prysmian Italy contract is worth approximately €10 million and was stipulated with Commercianti Indipendenti Associati (CONAD Group)/Municipality of Faenza. The project is scheduled to be completed in the spring of 2009.

Prysmian Italy, guided by Chief Executive Officer Franco Carini, is a leader in the Italian market. In 2007 it achieved sales of nearly €600mn; it has 8 manufacturing facilities and 1500 employees. Prysmian Italy specialises in high-value-added segments such as the design and production of High-Voltage systems, the design and production of cables for the worldwide on/off-shore OIL & GAS market and of fibre optic cables for the EMEA market.