HMS Group to carry out engineering works on Western Tarkosalinsk gas field

Sibkomplektmontazhnaladka (SKMN), an engineering subsidiary of HMS Group, signed two contracts for construction and installation works with one of Gazprom subsidiaries – Gazprom dobycha Noyabrsk.

According to the contract, SKMN will carry out a scope of works on technological infrastructure development on Western Tarkosalinsk gas field (Yamal Nenets Autonomous District) including construction of well clusters and gas-gathering systems, as well as commissioning of a gas treatment unit and booster compressor station.

Starting from 2010 SKMN and Gazprom dobycha Noyabrsk have signed three contracts for Western Tarkosalinsk field infrastructure development. In 2011 SKMN has successfully completed a scope of construction and installation works on another customer`s site – Etipur gas field (Yamal Nenets Autonomous District).

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 7.3 billion, adjusted EBITDA of RUB 1.4 billion and profit for the period of RUB 485 million for the 3 months ended March 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.  

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