The contracts portfolio of ROG-Engineering, a member of the Group of Companies PJSC Evropeyskaya Elektrotekhnica, amounted to RUB 300 mln
The contracts portfolio of ROG-Engineering, a member of the Group of Companies PJSC Evropeyskaya Elektrotekhnica, amounted to RUB 300 mln
July 13, 2018. Moscow – The contracts portfolio of ROG-Engineering LLC with major customers from the Oil&Gas industry amounts to RUB 300 million. ROG-Engineering is a subsidiary of PJSC Evropeyskaya Elektrotekhnica, which is the parent company of the Group of the same name.
At present, ROG-Engineering carries out a number of contracts for design, engineering and production of equipment for the Oil&Gas and petrochemical industries:
• for the subsidiaries of Rosneft and Gazprom Neft – oil heating furnaces, flare units, preliminary water knock-out units of tubular design,
• for Oil&Gas companies from the CIS countries – ERIELL and Enter Engineering – flare units,
• for RussNeft – flare units,
• for GIS Energy Holding Company LLC – flare units for utilization of landfill gas for solid waste landfill.
Habir Kilmuhametov, General Director of ROG-Engineering LLC, noted the following: "Our Company has a qualified team of scientists and engineers with vast experience in the field of design, engineering, production, installation, commissioning and supervision of oil and gas equipment for various purposes. Our Company's products have the necessary certificates of conformity and permits for use. We successfully passed an independent audit for compliance with the requirements for manufacturing equipment for Rosneft, Lukoil, Enter Engineering, and ERIELL. The production division of the Company is equipped with modern equipment, which is modernized on a regular basis. I believe that we have the necessary resources, professional reputation and experience to further increase the scale of the business."
Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on the Company's achievements: "The decision to diversify the business of PJSC Evropeyskaya Elektrotekhnica into the production of oil and gas equipment this year was made due to the high appraisal of ROG-Engineering's market prospects amid ongoing import substitution in the domestic Oil&Gas industry, and the active interest of Oil&Gas industry players in innovative technical solutions. We expect this business to provide significant growth in the Group financial indicators in 2018: increase in revenue by 30% and increase in profitability by 35% compared to the indicators of 2017."
About ROG-Engineering
ROG-Engineering LLC (www.rogeng.ru) has been part of Group of Companies PJSC Evropeyskaya Elektrotekhnica since June 2018. PJSC Evropeyskaya Elektrotekhnica has a 95% stake in the Company's capital.
The Company develops, designs and produces a wide range of modern highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets, including:
- Booster pump stations,
- Oil and gas treatment units in modular and container design,
- Mobile complexes for exploration and developing of drilling wells,
- Flares,
- Gas separation plants, as well as separate apparatus and units.
The Company's products have certificates of compliance with the requirements of the Eurasian Customs Union for Oil&Gas industry equipment.
The main customers of the Company are leading oil and gas companies in Russia and other countries: Rosneft, Lukoil, Gazprom Neft, Bashneft, Irkutsk Oil Company, and RussNeft.
One third of the Company's staff is comprised of research and engineering personnel. The Company's own design office ensures its leadership position in developing the innovative equipment in demand among Oil&Gas companies.
About the Group of Companies PJSC Evropeyskaya Elektrotekhnica
PJSC Evropeyskaya Elektrotekhnica (MOEX: EELT) provides comprehensive services in the sphere of creating energy and electric power supply systems, electric lighting systems, and low current systems at all types of facilities, as well as industrial electric heating systems.
The Company has been working in the electrical engineering market since 2004, and at present has its own engineering and production facilities. The Company is one of the leading distributors of electrical equipment in Russia, offering customers a wide range of products made both in Russia and abroad. Thanks to a well-organized and efficient logistics system, the Company is able to supply products (including oversize loads) all over Russia, including to hard-to-reach areas of the North, as well as Belarus, Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan. The company established its own production of transformer substations, electric switchboard equipment of any complexity (up to 6300 A), electric lighting systems and electric heating systems.
The Company implements projects in the oil and gas sector, electric power sector, nuclear industry, metal industry, mining industry, and manufacturing industry and at transport infrastructure facilities. Evropeyskaya Elektrotekhnica's customers include companies such as Rosneft, Gazprom, NOVATEK, LUKOIL, and Nizhnekamskneftekhim. The Company's projects include Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, and the Domodedovo, Sheremetyevo, and Pulkovo airports, etc.
Since 2018, the Company has been producing highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets at the site of its subsidiary ROG-Engineering, a research and production Company in Ufa (Republic of Bashkortostan, Russia).
Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS, 2017): RUB 2.6 billion in revenue, RUB 134.7 million in net profit, RUB 1.2 billion in assets. The number of employees is about 400 (as of June 30, 2018). Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.
In June 2018, the Company was named "Leader of Import Substitution" at the "Leader of Competitive Sales" annual national awards, in which 450 domestic suppliers from various industries took part.
Contacts:
PJSC Evropeyskaya Elektrotekhnica
Tel .: +7 (495) 640-93-48
Mailing address: Building 3, 1 Lyotchika Babushkina St., Moscow, 129344
Press contact Contact for investors and analysts
www.euroet.ru www.euroetpao.ru
For more information, please contact:
Stanislav Martyushev
Director for Corporate Communications and Investor Relations
PJSC Evropeyskaya Elektrotekhnica
Tel. +7 (495) 640-93-48, ext. 164
For reference:
ROG-Engineering LLC (www.rogeng.ru) performs the full range of services including:
- survey of existing Oil&Gas production facilities with presentation of engineering and process recommendations;
- engineering, design and construction of newly build projects;
- reconstruction and modernization of existing equipment and plants;
- design, fabrication and supply of complete process train equipment, modular process equipment, different types of pumping stations, mobile well-test and development units, flares and combustion systems, gas separator, gas treatment units and other types of Oil&Gas process equipment;
- design and implementation of hardware and software for Automated Process Control Systems;
- installation supervision;
- commissioning and start-up, designer's field supervision.
ROG-Engineering LLC designs and fabricates wide range modular process equipment with fully automated controls including:
- booster pumping stations BPS for any capacity;
- preliminary water knock-out units of vessel and tubular design with capacity up to 30 000 m3/day;
Perfomance indicators of preliminary water knock-out units:
• water cut of oil at inlet: up to 95% and greater;
• water cut of oil at outlet: 0.5% to 5%;
• content of petroleum products and solids in treated water: 5 to 50 mg/l.
- oil treatment plants with capacity of 0.2 to 4 million tons per year;
- produced water treatment units or separate vessels such as settlers of vessel or tubular design with volume of 10 to 200 m3 and with quality of water treatment of 5 to 50 mg/l;
- packaged well pad pumping station with capacity of 20 to 180 m3/hour;
- inlet separators for oil with high gas-oil ratio up to 2000 m3/m3;
- modernized separators and settlers with increased capacity of vessel and tubular designs;
- mobile well-test and development units;
- oil-well separation units;
- test separators for oil with normal and high gas-oil ratios up to 2000 m3/m3;
- associated petroleum gas treatment;
- gas treatment units;
- low pressure gas recovery units;
- gas dehydration units;
- combustion systems including flare KO drums, condensate drums, LP and HP flare risers, flare systems with tips for smokeless combustion;
- flare systems with demountable tips;
- flare systems with demountable flare stacks;
- horizontal flares for combustion LP and HP gases;
- horizontal flares for combustion of industrial waste gases;
- horizontal flares for combustion of liquid hydrocarbons and other combustible liquids;
- mobile filtration units;
- various types of pumping stations;
- auxiliary and utilities equipment including modular buildings for control rooms, motor control centers and others.
