OREANDA-NEWS. June 25, 2012. HMS Neftemash, a subsidiary of HMS Group, signed two contracts for production and delivery of a large run of block modular equipment for the number of Surgutneftegaz subsidiaries.

According to the contract HMS Neftemash will deliver the following equipment: modular group pumping station used for water injection to maintain reservoir pressure, two oil pumping stations and a pumping unit used for transportation of treated oil effluents. The equipment will be installed on Vatlor, Yaunlor and Baibakov oilfields (Western Siberia).

In 2012 HMS Group has signed several contracts with Surgutneftegaz for the production and delivery of modular group pumping station, automated group measuring units and water distribution units.

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 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.