HMS Group delivers pumping equipment for an oil-production enterprise of Lukoil

HYDROMASHSERVICE, a subsidiary of HMS Group, has completed the delivery of series of pumping systems for Lukoil trading house.

This equipment is designed for territorial-production enterprise (TPE) Ukhtaneftegaz (Komi Republic) and includes a wide range of pumping systems of ZNS and EZPK type that are used in pressure maintenance systems.

Lukoil is one of the key consumers of pumping and oil and gas equipment produced by the HMS Group companies.

TPE Ukhtaneftegas, a subsidiary of Lukoil Komi, is the largest oil and gas production company in Timan Pechora oil and gas province. TPE develops 30 oil and gas fields including Pashnin, Eastern Tebuk and Kirtael fields. For the past several years the HMS Group has been constantly delivering pumping equipment that are used in pressure maintenance systems to this customer.

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.

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