ITALIAN services provider Prysmian has submitted the lowest bid in a Petrobras tender to contract the subsea umbilical system that will serve the Buzios-5 pre-salt project off Brazil. Prysmian presented an offer worth 52.6 million reais ($9.9 million) for the job, edging out rival players MFX and Marine Production Systems with respective proposals of 63.2 million reais and 71.8 million reais.
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