OREANDA-NEWS. August 2, 2012. HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that it has signed a contract worth Rub 1,578 mn (c. USD  49 mn).

In accordance with the contract, HMS will provide a wide range of construction and engineering works including construction of the second stage of an oil treatment station, the second stage of an oil custody transfer point, a fuels-lubes storage, a fuel filling station and other infrastructure facilities on the Dulisma oil and gas condensate field, located in Irkutsk region of Russia. The Group’s operating facilities will produce a significant share of the specialist equipment to be embedded under the project. HMS will provide commissioning by the end of 2013.

Previously, HMS participated in the first stage of the oilfield development project and constructed the first stage of a crude oil delivery and acceptance point.

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 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.