Premium Engineering: company news

26.01.2012
Premium Engineering to Supply Equipment for a SIBUR Holding Company

Premium Engineering wins contract to supply equipment for a SIBUR project in Tobolsk. The value of the contract is $25 million.

Under the contract, Premium Engineering will deliver a propane cryogenic plant to Tobolsk-Neftekhim LLC, supervise building and installation, start-up and commissioning, and undertake training for the operating staff at Tobolsk-Neftekhim.

This new high-tech equipment supplied by Premium Engineering will make it possible to increase hydrocarbons processing productivity from 3 million up to 5.8 million metric tons per year.

Increase in production capacity at Tobolsk-Neftekhim is part of SIBUR's large-scale plan to develop the Tobolsk industrial hub, one of the objectives being the construction of the polypropylene-making Tobolsk-Polymer project with an annual capacity of 500,000 metric tons.

Alexandra Bocharova, CEO of Premium Engineering says, "The project is important for the development of hydrocarbon processing and also for the manufacture of other useful products for industry and for the consumer. We faced tough competition bidding for this contract, but in the end our experts came up with the most cost efficient and advanced technical and economic solutions, which meant that we came out top, won the tender and have already started work. I am proud of the professional skill and experience of our dedicated workforce at Premium Engineering and confident we will deliver a first class plant.”

28.11.2011
Premium Engineering to Develop Power Plant Feasibility Study for TNK-BP Management

Premium Engineering and TNK-BP Management have signed a contract to carry out a feasibility study for the construction of a power plant using oil residues as fuel.

TNK-BP Management is planning to build a power plant at the Ryazan Oil Refinery (ZAO RNPK) using oil residues from the refinery as a fuel. The new power plant will mean more reliable power and a source of energy that is independent from natural gas.

According to the terms of the contract Premium Engineering will analyze the existing power and steam supply systems at ZAO RNPK, suggest alternative models based on different types of feedstock and power plant output, determine the main process solutions, carry out the risk analysis, estimate the operational costs according to various technical, financial, and economic indicators, and establish the amount of investment capital which is needed. The proposed feedstocks for the power plant are: FCC residue, atmospheric and vacuum residue, asphalt, peat and natural gas.

Alexandra Bocharova, CEO of Premium Engineering, says, "It is great news for Premium Engineering that we have been asked to carry out a feasibility study for the construction of a power plant at the Ryazan Oil Refinery. Right from the outset we will be able to evaluate the risks as well as the potential, and get our heads round the various technical options, study the overall finances, and weigh up all the advantages and disadvantages of the this project. The feasibility study will cover a whole range of issues, from infrastructure to environmental requirements as to flue gas treatment. Our specialists at Premium Engineering are very experienced in feasibility studies: we operate at the highest level of professional competence and will implement all the stages of the project in accordance with the standards set by TNK-BP".

17.11.2011
Premium Engineering to Participate in Large-Scale Investment Project in Dagestan

Premium Engineering is to take part in the construction of a new venture for the production of float glass in the Republic of Dagestan.

As a part of the project, Premium Engineering will complete a "turnkey" facility for the production of nitrogen and hydrogen, which are a key elements in the protective atmosphere of the float glass production.

Nitrogen and hydrogen, generated by the supplied equipment will be used in the technological cycle of glass production to prevent oxidation of molten metal on which the final product is cooled and shaped.

The scope of supply includes the facility for the production of gaseous nitrogen and hydrogen, centrifugal turbo-compressors complete with the motors and control system, as well as auxiliary equipment.

The "turnkey" project will include the design, manufacture and supply of equipment, contract supervision and commissioning, as well as training the client’s staff.

The construction of the Caspian Flat Glass Plant with the capacity of 600 tons per day is of strategic importance not only for the local consumer market, but also for the regional economy as a whole. This investment project will create new jobs and set up a modern and efficient plant, facilitate output of a high quality and produce a product much in demand in the regional market. In addition, this project will contribute to the development of the Republic of Dagestan and the North Caucasus as a whole.

28.09.2011
Premium Engineering to Supply Equipment for Kazan Combined Heat and Power Plant Refurbishment

Premium Engineering and the KER Holding Management Company have signed a contract to supply equipment for a gas booster compressor station and a gas treatment plant as part of the Kazan combined heat and power plant (CHP-2) refurbishment project.

The Kazan CHP-2 is an energy company based in Kazan, established almost eighty years ago in 1932. Operating at maximum capacity the Kazan combined heat and power plant (CHP) burns up to 6,000 tonnes of coal each day. During the Second World War the CHP generated 1.337 billion kilowatt hours of electricity underpinning the industrial sector. In 2001 the station became the number one thermal power station of Tatarstan’s grid system.

As part of the contract, Premium Engineering will deliver a gas booster compressor station and gas treatment unit; it will supervised installation, start-up and commissioning and will train Kazan staff.

The package includes two units of three-stage centrifugal gas compressors and all necessary auxiliary equipment as well as materials required for the erection and start-up of the compressor station and gas treatment unit.

Refurbishing the CHP plant means the installation of two new generating units designed for the combined production of electricity and heat (hot water).Each 110 MW generating unit operates on the basis of the waste-heat combined-cycle gas turbine (CCGT) featuring one gas-turbine plant with the ISO-compliant capacity of 70 MW +/-10%, a waste-heat boiler with two pressure values without fuel re-burning and a steam turbine with the regulated take-off.

Alexandra Bocharova, CEO of Premium Engineering emphasizes the importance of this deal: “The Kazan CHP-2 has for decades played a key role in providing power for the entire region. The CHP refurbishment project will secure reliable and sufficient electricity and heat throughout the region for industrial consumers and for ordinary people in their homes, and for this reason the project is of enormous significance.”

16.08.2011
Premium Engineering supplies comprehensive services to new combined heat and power plant in south-west St. Petersburg

On August 12, the Russian Prime Minister Vladimir Putin and St. Petersburg Governor Valentina Matvienko were present at the commissioning of the first stage of the new combined heat and power plant in the south-west of St. Petersburg. Construction of the plant is financed from the municipal budget and involves professional contractors, including Premium Engineering and Red Mountain Energy.

The South-West plant design capacity is 570 MW of electric energy and 660 Gcal/hr of thermal energy. It will be a source of energy and heat for the Krasnoselsky and Kirovsky districts of St. Petersburg, where residential and business facilities are under construction.

The new South-West plant is a modern type of power plant based on a gas turbine followed by a steam turbine. It is twice as efficient as a conventional power plant and fully complies with environmental regulations, making it possible to reduce nitrogen oxide emissions by two to three times. More than a half of gas-fired plants all over the world include combined-cycle plants. There are several plants of this type in Russia, such as Tyumen Plant-1, Sochi power plant, North-West and now the South-West plant in St. Petersburg.

The US based company Red Mountain Energy acts as the supplier of a gas booster station for the South-West plant. Erection supervision works, pre-commissioning and commissioning of the fuel gas booster compression station are carried out by Premium Engineering, a strategic partner of Red Mountain Energy in Russia.

A fuel gas booster compression station (FGB) is designed to supply fuel gas to two gas turbine units with a capacity of 100 MW. The station includes two FGB compressors with a total capacity of 6 MW.

In order to operate at full capacity the FGB station is supplied with a set of auxiliary systems such as a compressed air station with a nitrogen generator, equipment for cooling system, a control system integrated into the general system, and a compressor for the utilization of vent gas which prevents harmful emissions being released into the atmosphere.

Premium Engineering provides a complete set of design documentation, auxiliary equipment and spare parts. In addition, the company specialists go through a whole set of highly skilled procedures to put the equipment into operation.

Alexandra Bocharova, CEO of Premium Engineering, says: “Although this technology was invented 50 years ago, it is only in the last few years that combined heat and power plants have been upgraded in Russia and built according to the latest technology. In other parts of the world these combined –cycle plants have been widely used for many years. We are delighted to participate in all important projects which improve the efficiency of the Russian energy sector. Currently, we have signed contracts for similar FGB stations for combined-cycle plants in many areas of Russia including Adler, Kirishi, Kolpino and also for the Pravoberezhnaya plant in St. Petersburg.” 

09.08.2011
Premium Engineering to supply equipment for an air separation plant in Orenburg, Russia

Premium Engineering is to undertake the design, delivery, installation supervision and commissioning of an air separation unit (ASU) for the production of liquid nitrogen in the Orenburg region, Russia.

The plant will have a capacity to produce 1000 kg/hr of liquid nitrogen. The equipment supplied by Premium Engineering includes a centrifugal compressor TA6000, a dual cooler, and cryogenic tanks of 150 m³ (total volume).

Premium Engineering will deliver the equipment in the form of integrated blocks and modules in order to save time with the installation and commissioning.

The liquid nitrogen produced at the Orenburg field is for the enhanced recovery of hydrocarbons, a process which involves injecting nitrogen into the oil well under pressure. Liquid oxygen, which will also be produced by the air separation unit, will supply the region with the oxygen it needs in cylinders.

Alexandra Bocharova, CEO of Premium Engineering, says: "This is the third contract for this type of air separation plant we have signed since the beginning of 2011.Liquid low-pressure ASUs are in demand by manufacturers of industrial gases because of their reliability, efficiency and not least because they are easy to operate. In particular, our low-pressure units work especially well with our turbo machinery as air compressors. The result is reliability and a long service life which guarantees overall efficiency and makes the plant more versatile and profitable." 

28.07.2011
Premium Engineering Has Signed First Contract with Gold Producer

Premium Engineering has signed a contract for the design and supply of air separation equipment with Pokrovskiy Mine gold producer (affiliated to the Petropavlovsk Group).

According to the contract Premium Engineering is to develop design documentation, deliver two air separation units (ASUs) to the oxygen plant of the Pokrovskiy Mine Joint Stock Company, complete startup and commissioning and provide training for Pokrovskiy staff.

The package includes two air separation units generating 11,500 m³/h of oxygen each, centrifugal turbo-compressors complete with electric motor and control system, and booster compressor units.

Equipment from Premium Engineering will be part of the plan to implement autoclave leaching technology which is new for Russian gold workers and will be used for the first time by the Pokrovskiy Mine.

This technology enables producers to recover much more gold and is far more effective than traditional methods such as oxidizing burning. Also, autoclave leaching eliminates the loss of gold dust, and removes the need for a dedicated dust collecting system, thus cutting costs and improving safety.

Pokrovsky Mine Joint Stock Company has stipulated that the ASU must be installed and commissioned in just 18 months, a tight target since construction in the taiga will be carried out without the benefit of a developed infrastructure.

"When choosing a technology and designing the facilities, the remoteness of location was taken into account,” says Aleksandra Bocharova, CEO of Premium Engineering. "The equipment comes in pre-fab modules, which means we can complete commissioning and construction in a relatively short time and on budget. Also, we are confident that using our pre-fab method, our equipment will run smoothly for a long time."

The Pokrovskiy Mine Joint Stock Company is the first mining and steel company in post-Soviet Russia to start its operations from scratch. Gold production at the Pokrovskiy Mine began in 1999. Today, the mining and hydrometallurgical plant at the Pokrovskiy field is part of Petropavlovsk Group, which includes the three largest gold producers in Russia.

www.petropavlovsk.net

25.07.2011
Premium Engineering is granted “Participant of Skolkovo Innovation Program” status

The Research and Development arm of Premium Engineering Llc. is officially declared to be a participant in the Skolkovo Center Innovation Program.

The Heavy Oil Upgrade Project (HOUP) proposed by the research and development arm of Premium Engineering Llc. focuses on two problem areas: first, the upgrading of high viscosity and high gravity heavy oils at the production site by converting them into lighter synthetic crude oil, and second, the refining of heavy oil residues at refineries. Solving this technological problems will allow oil producers to introduce huge amounts of unconventional hydrocarbon resources to the market and will help the industry to increase the overall yield of motor fuels from feed crude oil both at large and at small- to- medium size refineries.

The HOUP process developed by Premium Engineering (Research and Development) is based on a major modification of the thermal cracking process. This modification outperforms existing analogs, but still uses conventional refinery techniques and equipment. The process does not require the use of catalysts nor of hydrogen, and has minimal infrastructure requirements which means that it can be used at production sites.

One of the most important features of the process is the manner in which feedstock molecules receive energy required for cracking. This special approach is based on conventional pre-heating and the use of superheated steam as an energy source which results in uniform and almost simultaneous heating. The level of the supplied energy is adjusted to crack only the weakest bonds of large molecules. In other words the level of energy supplied minimizes excessive cracking (high yield of light hydrocarbon gases and coking of the feedstock) and increases the yield of stable distillate fractions. The HOUP process can be used to convert different heavy residues at refineries.

The Skolkovo Centre for Innovation started issuing certificates to participants from mid-December 2010. Applications are assessed by the Skolkovo Centre panels of experts which includes distinguished Russian and foreign scientists, as well as entrepreneurs and venture capitalists. To date, the Skolkovo Centre for Innovation has awarded certificates to 98 companies, confirming their participation in the program, and Premium Engineering is proud to be among them.

The Skolkovo Centre for Innovation is a non-profit organization created by Russian President, Dmitry Medvedev. Its goal is to mobilize Russia’s resources in applied research, create an environment beneficial for academic pursuits, and spread new knowledge and technology which can inspire innovation in all regions of Russia.

www.i-gorod.com

06.07.2011
Alexandra Bocharova was a participant at the Agency for Strategic Initiatives round table discussions

Alexandra Bocharova, CEO of Premium Engineering LLC., took part in round table discussions called “The Agency for Strategic Initiatives: Fast Growth Tactics», attended by representatives from government and business.

Among the participants were Oleg Fomichev, Deputy Minister for Economic Development of the Russian Federation; Vadim Rybachuk, Deputy Governor of the Tver region with responsibility for industrial sector issues, and Valery Fadeev, General Director of the “Expert” media company, as well as other business leaders, all of whom gave their opinion on interaction between government and business and discussed the kind of help entrepreneurs need from the Agency for Strategic Initiatives (ASI).

According to a report by the RIA NOVOSTI news agency, the idea to create the ASI was first voiced by Prime Minister, Vladimir Putin on May 6during a conference in Volgograd of Russia’s main party, United Russia. Later, Mr. Putin specified that the main objective of the Agency would be to function as a “social stimulus” in order to help young and promising people realize their ideas and, above all, to overcome bureaucratic barriers. The Agency’s role would be to provide feedback between the State and business.

During the round table discussions, Alexandra Bocharova listed the main problems faced by Premium Engineering over the past decade. First, Ms. Bocharova emphasized the difficulty of accessing bank credits, explaining that Russian banks are extremely unfriendly towards medium-sized businesses, offering high interest rates on loans and a protracted and convoluted procedure of loan documentation and approval. Secondly, after the fall of the Soviet Union there was a gaping hole in Russian engineering expertise, which was, and is, largely filled by foreign specialists who share their know-how and the latest technological advances with Russian engineers. However, Premium Engineering has met with unreasonable bureaucratic obstacles when inviting highly skilled foreign specialists for engineering projects inside Russia. Thirdly, although the existing domestic regulatory system (including the so-called GOST State Standards, established in the Soviet times) is in many ways superior to similar Western regulation requirements, there is an acute need to “change and correct” some aspects of this domestic regulation. In particular, there should be a review of the rules which apply to the construction of large, gas processing plants (several billion cubic meters) as well as small gas processing units.

Alexandra Bocharova hopes that the newly created ASI will resolve these and other problems which are faced on a daily basis by medium-sized businesses. Oleg Fomichev, Deputy Minister for Economic Development in the Russian Federation is optimistic: “The Agency for Strategic Innovation will make it possible to create mechanisms to support innovative, inter-branch projects, as well as projects using non-standard technologies and as yet without a site for their development. Problems hindering high-tech production companies in their development will be solved with the assistance of the ASI”, he said.

Source: RIA NOVOSTI

http://ria.ru/economy/20110706/398082027.html

To see the video of the round table, go to http://ria.ru/press_video/20110706/398092979.html

15.06.2011
Premium Engineering listed among the top 100 most successful and dynamic medium-sized businesses

Internationally, companies which have grown fast over a long period are called “gazelles”, since a gazelle is an animal which not only runs very fast but keeps up this pace over a long distance.

In 2008, the “Expert” media company launched a Russian “Gazelle” project. Its purpose is to draw attention, in Russia, to the problems of growth among medium-sized businesses which are the driving force behind economic development all over the world. The “Gazelle” project identifies those companies which are forging ahead, and highlights the concerns of top managers.

This year, 2011, the Russian “Gazelle” project screened 16,538 companies using the Russian Statistics Committee’s database on Russian businesses’ accountability.

Premium Engineering has been named a “Gazelle” company, entering the top 100 most successful and fast-growing medium-sized businesses.

The main criteria in the nomination of “gazelles” are:

1. Annual revenue not less than 10 million US$ but not more than 320 million US$

2. Revenue growth rate not less than 30% a year over 4 years

3. The company must have made a net profit during the period under consideration

4. A company cannot be a branch of a large corporation nor a foreign strategic investor, nor can it be state-owned.

The 20^th issue of the “Expert” magazine covers the “Gazelle” project http://expert.ru/expert/2011/20/

22.03.2011
Premium Engineering to participate in MIEF-2011

Premium Engineering will take part in the Moscow International Energy Forum, “Russian Fuel and Energy Complex in the 21^st Century,” to be held from April 6-9, 2011 in the Central Exhibition Hall “Manege”, in Moscow.

This is one of the most important events in the Russian energy sector. The forum is officially supported by the Energy Committee of the State Duma, as well as by the Federation Council, the Ministry of Energy and the Ministry of Foreign Affairs.

The forum will be attended by representatives from the world’s leading energy companies, by state and municipal authorities of the Russian Federation, by experts and media, by trade delegates from foreign embassies and Ministries of Energy.

At the forum the main topic of discussion will be the role and place of Russia's fuel and energy complex in the international energy arena. The discussions will also touch upon transforming the world’s energy order in the context of emerging opportunities for Russia, and the change of the international direction of Russia's energy strategy.

The MIEF-2011 official website

www.iprr.ru

21.12.2010
Premium Engineering delivers an air separation unit to Baikonur Cosmodrome

Premium Engineering has delivered air separation unit (ASU) equipment to produce liquid cryogenic products to Baikonur Cosmodrome. Oxygen is used as a component of rocket fuel, and nitrogen is used as an inert gas and cooling medium.

The new facility will produce 2 tons per hour of liquid products which will be enough to cover growing demand by the space centre.

“The ASU will supply oxygen and nitrogen to the space centre throughout the year and also will reduce the cost of products thanks to high automation level and energy saving production of the ASU,” said Alexandra Bocharova, General Director of Premium Engineering.

The project will be carried out as directed by the Russian Federal Space Agency (Roskosmos) with a view to modernizing the oxygen and nitrogen plant which were built in the middle of the 1980s as part of the Soviet “Energiya-Buran” program.

The new air separation unit means there will be no more dependency on the outside temperature, no deterioration of equipment, and no drop in capacity during the summer months, when, until now, the plant had to be shut down after having secured a backup of cryogenic products for six months’ operation.

The equipment delivered by Premium Engineering is manufactured by leading U.S., European and Chinese companies. The KDON-1500-1650/50Y unit uses a thermodynamical cycle with an air circulation loop providing low energy consumption. The equipment supplied by Premium Engineering also includes ТА 6000 и ТАЕ-50RC centrifugal air compressors. The ASU is supplied in the form of integrated blocks and modules to save time and cost during installation.

24.11.2010
Premium Engineering has commissioned an ASU at the Ashinsky Steel Mill

PRIME-TASS News Agency

Premium Engineering LLC has commissioned an air separation unit (ASU) at the third oxygen plant of the Ashinsky steel mill. The ASU will be used in the electrical steel making process to provide the furnace with oxygen, argon and nitrogen.

The oxygen plant will produce 6,000 m³/hr of oxygen, 400 m³/hr of nitrogen, and 100 m³/hr of argon.

As a result of this substantial supply of oxygen, nitrogen and argon, the EP-120 arc steel furnace produces one million tons a year of liquid steel. The EP-120 furnace which has been constructed at the Ashinksy steel mill is the first of its kind in the Former Soviet Union and the fifth of its kind in Europe.

The oxygen is used in the furnace as part of the steel-making process while argon optimizes the chemical composition of the steel, and nitrogen acts as a cooling agent. Air separation products are accumulated in cryogenic tanks and can be fed into the furnace in compliance with actual consumption.

The ASU process equipment has been fabricated by leading U.S., Chinese, Israeli and European companies and includes compressors, air separation columns, air purification units, a refrigerating system, heat exchangers, as well as argon and nitrogen gasifiers.

Premium Engineering has commissioned the plant as part of a modernization program at the Ashinksy steel mill which will cost in excess of 8 billion roubles.

16.11.2010
Premium Engineering has put into operation a new facility at the Gubkinsky gas processing plant

PRIME-TASS News Agency

Premium Engineering LLC has put into operation a compressor station and a turboexpander-compressor package which is a part of the second cryogenic condensation unit at the Gubkinsky gas processing plant, a division of the open joint stock company, "SiburTyumenGAZ".

The heart of the compressor station is an 11MW Mars Solar gas turbine package designed for natural gas compression.

The cryogenic condensation unit includes an Atlas Copco Mafi-Trench turboexpander-compressor package which is designed to be a refrigeration source. The unit extracts natural gas liquids from associated gas through a low temperature process.

The additional capacity will ensure the growth of the stripped gas output from 1.5 to 2 bn m³/year. The execution of the project using Premium Engineering processes has made it possible to increase gas liquids recovery to 95%.

08.11.2010
Premium Engineering Commissions an Air Separation Unit for Nefteyuganskpromservis

PRIME-TASS News Agency

Moscow-based Premium Engineering has commissioned a new air separation unit (ASU) for Nefteyuganskpromservis OOO, which is located in the Vyngayakhinsk gas field in the Yamal-Nenets Autonomous District (YaNAD).

The equipment has been manufactured by leading companies in the United States, China and Europe, and it produces up to 1,000 tons of liquid nitrogen and oxygen per month. The total production capacity of Nefteyuganskpromservis has increased from 3,600 to 4,500 tons per month, which meets the entire region’s demand for cryogenic products.

"The key feature of the ASU is its modular design. With the equipment modules already assembled at the manufacturer’s Premium Engineering was able to install the ASU in less than a month. The pre-commissioning operations took another week, after which we started supplying industrial gases to users,” said Alexandra Bocharova, CEO of Premium Engineering.

This is the first new large-capacity plant in the YaNAD, and will help oil companies reduce costs for nitrogen used in enhanced oil recovery (EOR). The consumers of cryogenic products include Gazprom Neft OJSC, Schlumberger, construction companies and medical institutions.

This is the fourth project carried out by Premium Engineering for Nefteyuganskpromservis. The company has carried out the design, supply, commissioning and start-up of the ASU. The first three trains of the plant were put into operation between 2007 and 2009 in the Pravdinskoye oil field of the Khanty-Mansi Autonomous District.

27.10.2010
Premium Engineering puts into operation new facility at Yuzhno-Balykskiy gas processing plant.

PRIME-TASS News Agency

Premium Engineering LLC has put into operation a turboexpander-compressor package which is a part of the cryogenic condensation unit at the Yuzhno-Balykskiy gas processing plant, a division of the open joint stock company, "SiburTyumenGAZ".

The cryogenic condensation unit includes an Atlas Copco Mafi-Trench turboexpander-compressor package which is designed to be a refrigeration source. The unit extracts natural gas liquids from associated gas through a low temperature process and increases the stripped gas pressure.

The package has been commissioned as part of an expansion program at the Yuzhno-Balykskiy gas processing plant based on a Premium Engineering proprietary process for the extraction of natural gas liquids. By using the additional capacity, the plant can take in and process as much as 3-3,5 bn/year of associated petroleum gas, and increase gas liquids recovery to 95 %.

26.10.2010
Vnesheconombank Deputy Chairman and Ecuador’s Minister for Strategic Sectors discuss how to involve Russian business and banks in the development of Ecuador

PRIME-TASS News Agency

MOSCOW, 26^th October /PRIME-TASS/

A meeting between Vnesheconombank First Deputy Chairman – Roseximbank’s Board of Directors Chairman Nikolai Kosov and Ecuador’s Minister Coordinator of Strategic Sectors Jorge Glas was held in Moscow last week, according to a Vnesheconombank press report.

Under discussion was the possible involvement of Russian companies and Russian banks in areas of mutual interest, such as developing Ecuador’s electrical power and oil refinery industries.

Vnesheconombank Deputy Chairman, Nikolai Kosov said that Roseximbank was already involved in the development stage of several new projects. A front runner is a project to supply electro-mechanical equipment for the Taochi Pilaton hydro power generation station. Russian company, Premium Engineering LLC has put forward a proposal to make use of associated petroleum gas for generating power in the Amazon region. Proposals have been also prepared for Roseximbank’s participation in financing road machinery, buses, and ships to Ecuador.

Ecuador’s Minister Coordinator was eager to promote co-operation between Russia and Ecuador and emphasized that he was ready to look at a number of Russian companies and banks as partners in various investment projects within Ecuador.

17.09.2010
Vice-President of Ecuador supports use of associated gas in Amazon region of Ecuador and says it’s a landmark in Russian-Ecuadorian cooperation

14.09.2010
Premium Engineering LLC to Install a Booster Compressor Station at TGC-1 Branch – Pravoberezhnaya CHPP-5

PRIME-TASS

03.09.2010
Premium Engineering LLC Supplies Booster Compression Station to RN-Sakhalinmorneftegaz LLC for the Odoptu-Sea Field

PRIME-TASS

20.08.2010
Memorandum of Understanding (MOU) between Premium Engineering LLC and YPFB Refinación

28.07.2010
Premium Engineering LLC will supply a liquid nitrogen and oxygen generation plant for Baikonur Cosmodrome

News bulletin from the Russian News & Information Agency –RIA Novosti

Premium Engineering LLC has signed a contract with Tekhnostroy Ltd. to deliver a liquid nitrogen and oxygen generation plant to the Baikonur Cosmodrome, a space launching site in Kazakhstan. The contract is worth several millions of dollars.

The equipment is being manufactured by leading companies in the USA, China and Europe and will have a capacity to produce 2 tons of liquid cryogenic products per hour from the air. Oxygen will be used at Baikonur as a component of the rocket fuel (a propellant), while nitrogen is needed as a refrigerant and for other technical purposes.

"The plant will supply Baikonur with all the oxygen and nitrogen it needs throughout the year; and will reduce costs through a less power consumption and production automation," says the CEO of Premium Engineering, Alexandra Bocharova.

The project will be implemented as fast as possible: the manufacturing of the equipment is near completion and the commissioning of the plant is scheduled for the end of the year. The contract has been drawn up by the Russian Federal Space Agency (Roskosmos), and its purpose is to re-build and modernize their oxygen-nitrogen generation plant, which is located at the Baikonur launch site and was built in the mid-1980s when the Soviet Union was implementing its "Energia-Buran" program.

07.07.2010
Premium Engineering LLC took part in a video conference organized by the Russian – Ecuadorian Intergovernmental Committee.

On 7 June 2010 Premium Engineering LLC took part in a video conference organized by the Russian – Ecuadorian Intergovernmental Committee.


The conference began with a summary of agreements reached between the two governments in October 2009.The quantity of associated gas collected at the six Ecuadorian oil fields of Lago Agrio, Libertador, Shushufindi, Auca, Sacha and Cuyabeno is to be significantly increased, and at the same time processing and transportation will be improved. The main purpose of the project is to produce additional electricity and replace the scarce energy resources of the country with a more affordable and environmentally clean gas fuel.

Meanwhile the project on the utilization of associated gas in the Amazon region of Ecuador, implemented by Premium Engineering LLC along with the state Petroecuador Company, has been upgraded to the status of a priority project by the government of Equador.

All technical and engineering documents submitted by Premium Engineering were successfully approved by the Ministry of Energy, Ministry of Finance and other governmental agencies of Ecuador.

19.03.2010
Premium Engineering LLC has moved

Premium Engineering LLC has moved to:
115280, Moscow, 21, Avtozavodskaya St., block 1
Phone: +7 (495) 620 97 97
Fax: +7 (495) 620 97 98

18.03.2010
The National Committee for Promoting Economic Cooperation with Latin American Countries (NK SESLA) gives full support to Premium Engineering’s associated gas project in Ecuador.

This support was given a special mention in the report by the Director-General of NK SESLA at the general meeting on March 16th 2010 and published in the "World Energy" magazine.

17.03.2010
Premium Engineering Ltd. signed contract with OAO Mosenergo to install and put into operation an Adler Plant compressor station (BCS) totaling over 403 million rubles.

The start up and commissioning is scheduled for January 2011. The Adler power plant, the general contractor of which is OAO Mosenergo, forms part of the program of to develop Sochi, venue for the 2014 Winter Olympics, approved by the Russian Government. The Adler CHP-Plant should be put into operation in May 2012 and will occupy a total area of 9.89 hectares in the Imereti lowland. The station will be built on the basis of two combined cycle gas turbine power plants with the total capacity of 360 MW. The estimated cost is 23 billion rubles.

15.02.2010
Technologies of tomorrow: interview with Alexandra Bocharova, CEO of Premium Engineering LLC

"Company", the Russian business magazine.

"The foundation of Premium Engineering LLC, eleven years ago, in 1999, coincided with a profound re-organization of the Russian economy, and a recognition that power saving technology was urgently needed nationwide," says its dynamic CEO, Alexandra Bocharova.

"For decades during a prolonged period of stagnation no one in the Soviet Union counted the cost of electricity. However, once the transition to a market economy was underway, then the whole business of conserving power (and stopping waste) suddenly became important, and we had this very much in mind when we founded our company, Premium Engineering LLC. From the very beginning our aim has been to take the latest Western technology and adapt it to the needs of our Russian customers. With the help of our American partner, Red Mountain Energy Corporation, we decided to promote foreign innovations in the domestic market, and to recruit the best foreign engineers.

"Russian oil and gas companies are still flaring associated gas. Not only is this economically wasteful (and a loss of potential income), it also pollutes the atmosphere with harmful chemicals. In many instances we have solved this problem by supplying the oil and gas companies with the latest technology for processing associated gas: the output can be anything from 5 to 500 000 cubic meters per hour."

With our state-of- the-art equipment we are contributing to an associated gas processing unit in Chechnya which has an output of 183 million cubic meters per annum as well as a booster station at Troitskaya for Rosneft - here the output is 500 million cubic meters per annum. There are other smaller projects in Sakhalin and Siberia. In the world of engineering services there are not many companies which operate on a "turn- key" basis. We do! We offer integrated engineering: we see the project through from its earliest design stages right through to the training of personnel.

In 2007 in Yugra, Siberia a new company was created, Nefteyugansk Promservis. Today it is the largest independent producer of liquid nitrogen and oxygen in Russia. Premium Engineering was involved in the design of the plant, in the supply and commissioning of equipment. There was a very tight time-table for this project but Premium Engineering met the target by using an innovative method of building block construction (BBC), which meant that prefabricated blocks of equipment were delivered to the plant, which drastically reduced the assembly time. Alexandra Bocharova explains: "In the Tyumen region our company has been commissioned to build a liquid nitrogen station which will produce 2 tons of liquid nitrogen (liquid N2) per hour. We have managed to reduce the period of commissioning and assembly from the usual 7-10 months (which is typical for this kind of project) to 3,5 months."

During the crisis year Premium Engineering was able to broaden its range of equipment and services and as a result it increased its sales by 50%. Thanks to this diversification strategy the company has orders in place for more than half a billion US dollars.

"At Premium Engineering we divide our business activity into two parts. First, we focus on air separation, gas processing and compression - our core business. Our second area of activity is investment into unconventional sources of energy, such as CBM (coal bed methane) extraction for commercial use, and the processing of heavy oil using the latest technology."

"Of course we were affected by the crisis, and several of our contracts were put on hold, but there was never any question of our ultimate survival," insists Alexandra Bocharova. "We slashed our expenses by half. We cut back on everything which was unnecessary and saved the one thing which is vital to any serious business- people."

As a result of these austerity measures Premium Engineering not only survived the crisis but has managed an impressive expansion: in the last few months it has signed a host of new business contracts and increased its staff to 250. It has opened new representative offices in China, the UK, the United Arab Emirates, and in Latin America.

CEO Alexandra Bocharova confidently looks to the future: "We are bringing innovative technology to the CIS and especially to Kazakhstan where we are about to deliver a large LPG (liquefied petroleum gas) recovery plant for the South Oil company.

"Our gas compressors are well known in the Ukraine, where the development of native gas fields is seen as critical the energy security of the country.

"We are constantly drawing on the experience and expertise of our Western colleagues which we adapt to the Russian market. Whenever we come up against a problem, using the latest technology and equipment, and we solve it!"

25.01.2010
“Industrial Gases” magazine reviews 10th seminar on, “Towards More Efficient Air Separation”

The magazine, “Industrial Gases” has published an article on the 10^th seminar, "Towards more efficient air separation", held in Odessa, the Ukraine, from October 5^th to 9^th.

Peter Lyudkovsky, Director of Commerce at Premium Engineering LLC presented a report on centrifugal compressors, their efficient uses in various industries, and on the process of air separation itself.

Mr. Lyudkovsky gave a comprehensive overview of the company’s approach to dealing with the various challenges presented by clients, including a thorough examination of their needs, followed by an analysis of design engineering in all its phases, problems connected withequipment procurement, supply, installation, commissioning and startup, as well as the importance of the aftermarket service of equipment. The report focuses on finding the most efficient compressors for air separation units.

Speaking about Premium Engineering sales, Mr. Lyudkovsky says: «Up to now, we have delivered over 250 low-and intermediate pressure centrifugal air compressors with a total capacity of more than 300,000 m³/hour».

23.11.2009
Money out of thin air. Poducers of liquid nitrogen and oxygen increase their business once again

By Aleksandr Gorchakov, in "The Profile"

In February 2010 a fourth ASU will be commissioned at the oil-field Gazpromneft - Noyabrskneftegas, and the construction of a fifth ASU is being planned once again using the services of Premium Engineering. The two companies are focused on resolving the problems of associated gas which are most urgent in Western Siberia.

Money out of thin air (pdf 389 Kb)

13.11.2009
Premium Engineering and the UK company Ker- Holding LLC have signed a contract to design an associated petroleum gas process unit (AGTPU) in Chechnya

PRIME-TASS

According to Premium Engineering LLC and UK KER-Holdng LLC a contract has been signed to design an associated petroleum gas treatment and process unit (AGTPU) in Chechnya. The equipment will be installed at a gas distribution station of the "Khayan-Kort" oil field in the Grozny district. The unit's output per annum will be 185.3 million cubic meters which is enough to serve the needs of 75000 families. Delivery of equipment is due to start in March 2010. In the course of the project Premium Engineering will make use of technical innovations to be supplied by Red Mountain Energy Corporation as specified in the contract. The project has the full backing of the Ministry of Industry and Energy of the Chechen Republic. This project will result in a substantial reduction of flared associated gas, thus making a big improvement the environment, as well as providing the region with high quality associated petroleum gas, according to the objectives set by the Chechen administration.

06.11.2009
The 3rd oxygen station of OAO AMZ will begin operation on December 15th, 2009.

Ural-Press-Inform


Asha, November 6th, 2009 15:48, by Dmitry Zobkov

The installation of the of three receivers - steel vessels for gaseous oxygen storage purchased at OAO Tuimazychimmash (Republic of Bashkortostan) - began at the construction site of the third oxygen station of OAO Ashinskiy Metallurgical Works (City of Asha, Chelyabinskaya Province).

As Lev Seleznyov, Press Secretary of OAO AMZ, told the Ural-Press-Inform agency, "Each receiver is 19 meters in length, 3 meters in diameter and weighs 56 tons with a capacity of 125 cubic meters. All three receivers will be connected to a common system with an oxygen distribution point and will store 500 cubic meters of gaseous oxygen for the production of steel.Two special gasifying vessels made in Nizhniy Tagyl will be installed to store liquid oxygen. Two gasifiers for liquid nitrogen and argon storage have been purchased in China".

The works are being carried out by the contractor OOO Soyuzkislorodmontazh from Nizhniy Tagyl, which utilizes lifting machinery of the "Vostokmontazhmekhanizatsiya" company. The AMZ's third oxygen station will be commissioned latest December 15th, 2009. Moscow based Premium Engineering is the supplier for the air separation equipment, and US based Red Mountain Energy will supply the compressors.

Per hour the air separation unit (ASU) capacity will be 6,000 cubic meters of gaseous oxygen, 100 kg of liquid oxygen, 400 kg of liquid nitrogen, and 180 kg of liquid argon. The ASU will supply technical gases for an automatic electric arc furnace EP-120 which has metal charge conveyor loading and the capacity to produce 1 million tons of liquid steel per annum, making this steel plant No.1 in the CIS, No.5 in Europe and No.24 globally.

02.11.2009
Premium Engineering LLC and RN-Sakhalinmorneftegas have signed a contract to supply of six compression units and one drying unit to the "Odoptu-Sea" natural gas field.

The supply of an associated gas treatment unit (AGTU) is scheduled for beginning of the year 2010.

Alexandra Bocharova, CEO of Premium Engineering, noted, "This contract marks an important step in the recovery of associated gas. In signing this contract both parties have made every effort to assess future profitability taking into account all environmental issue."

Wells in the "Odoptu-Sea" are among the most productive for "Sakhalinmorneftegas". They produce between 130 to 200 ton of petroleum per day.

28.10.2009
Premium Engineering LLC participated in the meeting of the Intergovernmental Russia-Ecuador Commission on Trade and Economic Cooperation.

"Premium Engineering" and Ecuadorian "Petroecuador" have agreed the first steps towards a project called "Recovery of associated gas in the Amazon area". The document was highlighted as one of the most promising in the Memorandum of Mutual Understanding between Russia and Ecuador in the field of energy.

One of the participants of the Intergovernmental Commission, Ermanico Pinto, Minister of Mining for the Republic of Ecuador, assessed this project with its 3-year payback period as being "profitable and having low investment risks". As Alexandra Bocharova, CEO of Premium Engineering, insists that "the realization of the agreements will be the important step to increase the energy efficiency of the South America country's economy".

Representatives of major Russian companies such as OAO "Zarubezhneft", OAO "Stroytransgas", OAO "VNIIZarubezhgeologiya", OAO "INTER RAO EES", State Company "Rostekhnologii", also contributed to the findings of the Commission.

27.10.2009
Russian Premium Engineering Company and Ecuadorian Petroecuador broaden cooperation in oil-petroleum field.

By Mariia Poliakova

The Russian company Premium Engineering and the Ecuadorian company Petroecuador are to work closer together in the oil-petroleum field. At a meeting of the Intergovernmental Commission on Trade and Economic Cooperation scheduled in Moscow for October 29th the Russian and Ecuadorian Presidents, Dmitry Medvedev and Rafael Correa are to put new life into existing bilateral contacts especially in the oil -petroleum field. On the eve of this meeting, on October 28th Premium Engineering and Ecuadorian Petroecuador are meeting in Quito to agree to cooperate in the mining and processing of associated gas in the Sucumbios Province.

In six Ecuadorian oil fields there is now a plan dramatically to increase the volume of associated gas as well as to improve the treatment and transportation of the gas.

"Flaring associated gas is wasteful and bad for the environment," insists Alexandra Bocharova, General Director of Premium Engineering.

The aim of the new partnership is to produce additional cheap power and replace the country's scarce energy resources with a more accessible gas fuel which is much less harmful to the environment. Up to now the power plants in the Sucumbios Province have been using expensive diesel oil and crude oil as fuel. Environment friendly clean dry gas will replace the above. The parties will invest around USD70 million to upgrade equipment with 3 year payback period, which makes this potentially a highly profitable project.

According to Alexandra Bocharova, "The agreements we reached in Quito demonstrated a clear commitment from Ecuador to strengthen bilateral friendly relations with Russia and we have every reason to believe the project discussed by the Intergovernmental Commission will be among the most promising in the Memorandum of Mutual Understanding between Russia and Ecuador in the field of energy".

16.10.2009
ECONOMICS: ECUADOR - RUSSIA - GAS - COOPERATION

ITAR-TASS

The Russian company Premium Engineering LLC and the Ecuadorian company Petroecuador are widening cooperation in the field of oil and gas.

BOGOTA, 16 October. / By Igor Dunaevsky, correspondent of ITAR-TASS /

The Russian company Premium Engineering and the Ecuadorian Petroecuador agreed to increase cooperation in order to optimize an associated gas production and processing in the Sucumbios province in Ecuador. This was the result of the negotiations in Quito that took place on 12--15 October. According to the agreement that covers six gas fields in Equador (Lago Agrio, Libertador, Shushufindi, Auka, Sacha and Kuiabeno) it is planned to substantially increase the capacity of a collected associated gas and improve its processing and transportation. According to the project, the companies will invest about 70 million USD into the modernization of the equipment, with the payback period of 4-5 years.

As Alexandra Bocharova, the CEO of Premium Engineering, told the ITAR-TASS correspondent, "the main aim of the project is to produce some additional cheap electricity and replace the energy which is in short supply by more accessible and environmentally safe gas fuel. Nowadays in the province of Sukumbios the expensive diesel and raw oil are used as fuel for electric power stations. It is planned that "they will be replaced by a dry gas to be produced at the petroleum refinery Shushufindy as a result of the optimization. Dry gas is safer from the environmental point of view."

Besides, after the modernization of the equipment "the discharge into the atmosphere of the environmentally hazardous green-house gases will be decreased". At the same time due to the optimization of the work of the refinery a stable gas condensate will be produced which might be used to improve properties of raw oil and increase its production.

As Alexandra Bocharova notes, "the tendency of Russia and Ecuador becoming closer is obvious. The government of this South American country demonstrates a positive approach to the cooperation which opens unique investment prospects for Russian companies". In particular, this project has been assessed by the Russian participant as "a highly profitable and attractive".

According to the results of the negotiations a working group of specialists from the two companies was set up to specify economic highlights of the project and characteristics of the necessary equipment. Further discussion of the project will take place at the first meeting of the Intergovernmental Russia-Ecuador Commission on trade and economic cooperation, to be held in Moscow on 28 October.

Premium Engineering is one of the leading Russian companies which has an 11-year experience in the engineering and delivery of equipment for various fields of industry, including the oil and gas sector, metallurgy, heavy industry and power production. The company specializes in the processing of oil, natural and associated gas, air compression and purification, methane recovery from coal-beds as well as providing services such as the environmentally safe utilization of sour gases and power production.

Premium Engineering has its own production facilities in Russia and a number of representatives in the USA, China, UK, UAE, Ukraine.

09.10.2009
Premium Engineering takes part in the 10th International seminar, "Towards More Efficient Air Separation”

Premium Engineering has taken part in the 10th seminar, "Towards more efficient air separation," held in Odessa, the Ukraine, from 5^th to 9^th of October. Peter Lyudkovsky, Director of Commerce at Premium Engineering presented a report on centrifugal compressors, their efficient uses in various industries, and on the process of air separation itself.

Mr. Lyudovsky gave a comprehensive overview of the company’s approach to dealing with the various challenges presented by clients, including a thorough examination of their needs, followed by an analysis of design engineering in all its phases, problems connected with equipment procurement, supply, installation, commissioning and startup, as well as the importance of the aftermarket service of equipment. The report focuses on finding the most efficient compressors for air separation units.

Speaking about Premium Engineering sales, Mr. Lyudkovsky says: "Up to now, we have delivered over 250 low- and intermediate pressure centrifugal air compressors with a total capacity of more than 300,000 m³/hour."

17.09.2009
Premium Engineering took part in 8th International Forum PCVEXPO-2009

Premium Engineering participated in the 8^th International Forum PCVEXPO, in Moscow, the Moscow Exhibition Centre "Crocus Expo", on October 13 – 16, 2009.

Forum Topics:

Pumps, 2009:

- Centrifugal, power, marine, chemical, vacuum and screw-type pumps.

Compressors. Pneumatics. Pneumatic tools 2009:

- Reciprocating, rotary, turbo, diesel. Valves 2009:

Valves, fittings, flanges, actuators for valves.

Drives and Motors 2009:

- Electric drivers, electric motors, pneumatic actuators, reducers.

01.03.2009
Premium Engineering to deliver a compressor station for ZAO Rospostavka

Premium Engineering signed a turnkey contract to supply a compressor station for ZAO Rospostavka.

The equipment provided by Premium Engineering includes six TA 9000 compressors with a total capacity of 1400 m³/min, units for drying the compressed air, and the station’s water cooling system.

In this project, we offer a whole set of services, including engineering, supply, construction of the compressor station building, installation of the equipment, commissioning and startup, aftermarket service.

15.02.2009
Premium Engineering has signed a contractfor engineering and construction of LPG Recovery Unit for Kenlyk gas field, Kazakhstan.

Premium Engineering has signed a contract to engineering and construction of LPG Recovery Unit for Kenlyk gas field, Kazakhstan.

The new facility will annualy produce about 50,000 tons of LPG (commercial propane/butane mix and stable gas condensate) from 100 million m3 of feedstock gas.

Project startup is planned for Q2, 2010.

20.01.2009
Premium Engineering has been voted "Favorite Employer of the Year 2008"

According to research by SuperJob.ru portal Research Center (www.superjob.ru), a company specializing in the analysis of online recruiting in Russia, Premium Engineering LLC has been voted "Favorite Employer of the Year 2008".

Throughout 2008 Premium Engineering LLC has been actively recruiting personnel. On a regular basis it has placed vacancies on the SuperJob.ru portal and received a large number of CVs from potential employees.

Premium Engineering LLC should benefit greatly from winning the "Favorite Employer" award, this gaining the trust of job seekers, raising the company profile, and consolidating an image of a forward looking, open company.

17.01.2009
Premium Engineering (a representation of Red Mountain Energy) has started the design of booster compressor station "Troitskaya", including development of the infrastructural facilities for Rosneft-Krasnodarneftegas, Russia.

Premium Engineering (a representation of Red Mountain Energy) has started the design of booster compressor station "Troitskaya", including development of the infrastructural facilities for Rosneft-Krasnodarneftegas, Russia .

The booster compressor station "Troitskaya" is intended to collect low pressure associated petroleum gas (APG) for further transportation to the APG facility "Gaselan". The 5 compressors station will process 500 miillion mn3/h of feed gas with total capacity of 15MW. The state expertise review is schedules for the late July, 2009.

09.10.2009
Premium Engineering Ltd. participated in 10th International Workshop on "Improving Efficiency and Safety of Air Separation Gases Production"

Premium Engineering Ltd. participated in the 10^th International Workshop on “Improving efficiency and safety air separation gases production”, held in Odessa, October 5 to October 9, 2009.

Premium Engineering Ltd Commercial Director Peter Ludkovski presented a report on “Centrifugal compressors. Optimal operation in various industries. Centrifugal compressors for air separation units (ASU)”. A comprehensive report on the company's approach to solving customers’ problems, beginning with a detailed study of their needs, subsequent development of the project documentation, ordering of equipment, delivery, installation, and finishing with putting the plant into operation and further service support, was presented to the workshop. The reporter highlighted the solutions that allow equipping the air separation plants with the optimal compressor equipment.