23.01.2012

HMS Group signs $26 mn contracts to deliver equipment for a new water processing unit in East Siberia

Moscow, Russia – HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions, engineering and construction works for oil and gas fields in Russia and the CIS, today announces signing two contracts totaled Rub 831 million (USD 26 million). In accordance with the contracts, the Group will deliver a broad range of equipment for a water processing units being a part of produced water treatment system that was designed by HMS Group.

The Group will outfit the units with equipment for water processing, heating, ventilation, air conditioning and firefighting systems as well as provide commissioning of the whole technological cycle.

Artem Molchanov, Managing Director (CEO) of HMS Group, commented:

“Deep understanding of client’s needs allowed us to become a trusted supplier for the largest projects of the Russian oil and gas majors. Our advanced project and design facilities allow us to meet any peculiar project-based requirements and produce unique equipment for our clients. Last year we have completed design works for a large produced water treatment system on a new East Siberian oilfiled and now will deliver the first package of equipment to its facilities.

I’m pleased to say - this is another project that instantiates our commitment to the strategy of providing our customers with not only pumping equipment and related services but also with large-scale unique integrated solutions.”


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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. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 20 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 2,9 billion for the nine months ended September 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.


For further information, please contact:

Sergey Klinkov
Head of IR 
Tel: +7 (495) 730-66-01, ext. 1302 klinkov@hms.ru
Nozima Karimova
Head of Press Service
Tel: +7 (495) 730-66-10
karimova@hms.ru

 

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