Flowserve Corporation announced a pump and solutions order worth more than $31 million, from LUKOIL Neftochim Burgas AD for Flowserve proprietary ebullating pumping systems and heavy-duty high-energy barrel pumps. The contract was signed in the first quarter of 2010.
LUKOIL Neftochim Burgas AD, a subsidiary of Russian oil giant LUKOIL, is the largest oil refinery in the Balkans. The pumps will be used in the refinery s new H-Oil & VGO complex in Burgas, Bulgaria, which converts heavy residues to high-valued products. The H-Oil & VGO complex has expected capacity of 47,000 barrels per day.
"High crude oil prices and declining supplies of light sweet crude oil are causing refiners to invest heavily in processes that maximize the yield from every barrel of oil," said Tom Ferguson, President, Flow Solutions Group at Flowserve Corporation. "Flowserve has developed proprietary pumping technology and solutions that are well positioned to support the growing residuum upgrading industry."
Flowserve ebullating pumps are the only pumps in the world that can withstand the high temperatures and pressures required by the H-Oil RC process used at the Burgas ebullated bed hydrocracker. The pumps will be equipped with Flowserve Technology Advantage(TM) Online Assurance(TM), a program available through the newly formed Flowserve Integrated Solutions Group that is designed to provide 24/7 monitoring and life-cycle management to optimize asset availability.
Flowserve will support the LUKOIL Neftochim Burgas H-Oil & VGO project through its global network of Quick Response Centers (QRCs). QRCs offer a wide range of service and support activities to help customers maximize the effectiveness of their operations.