18.08.2011

HMS Group completes preventive maintenance at gas refineries of TNK-BP and Sibur

PJSC “Nizhnevartovskremservice”, a subsidiary of the HMS Group, completed preventive maintenance at Nizhnevartovsk and Byelozersk gas refineries. The maintenance works were carried out according to the agreement concluded with “Yugragazpererabotka” LLC, joint venture of JSC “TNK-BP Holding” and PJSC “Sibur Holding”. PJSC “Nizhnevartovskremservice” has carried out large scope of works on preventive maintenance of the process equipment within short time period during scheduled shutdown of the refineries.

PJSC “Nizhnevartovskremservice” has long term cooperation record with oil extracting companies affiliated with TNK-BP on overhaul and maintenance of the oil field and oil drilling equipments. In the framework of cooperation with “Sibur Holding”, in 2010 the Company successfully completed integrated preventive maintenance at Muravlensky Refinery (Tyumen Region).

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. The Group reported revenues of RUB 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.