Italy-based Prysmian Group is set to expand its business of subsea umbilicals, risers and flowlines (SURF) by establishing new headquarters in Houston, Texas.
By strengthening its operations in Houston, the company aims to develop a new business strategy with the expansion of global growth of the business unit and by improving market penetration for niche products in the oil and gas industry.
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Prysmian will specially focus on Brazil and its long-standing partnership with Petrobras.
Production of umbilicals and flexible pipes will take place in the plants in Vila Velha, on the Vitoria channel (Espirito Santo State).
Prior to taking over the Brazilian operations of the business unit, Josè Luiz Dacal Castro will join the group and temporarily support the business handover and the development of the new initiatives.
Over the past few years, the company has been investing in the development of umbilicals, both steel tube and thermoplastic, and flexible pipes in order to diversify and further expand its activities in the market of technology and products for the OG&P industry.
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By GlobalDataAccording to the company, the flexible pipes plant has complemented the umbilical plant, opened in 2007, and the addition of flexible pipes to its product range has enabled it to offer a comprehensive range of SURF products to the OG&P industry.
Recently, Petrobras has awarded a new major contract to the group that relates to a frame agreement for umbilical products worth approximately $260m with 50% minimum purchasing commitment and call-off orders to be placed within a period of two years.
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