HMS Group Will Produce Group Measuring Units for TNK-BP
OREANDA-NEWS. October 3, 2012. Nizhnevartovskremservice (NRS), a subsidiary of HMS Group, signed an agreement with TNK- BP holding for production and delivery of a large set of automated group measuring units designed for a number of holding subsidiaries – Varyeganneftegaz, Samotlorneftegaz and Orenburgneft. According to the contract NRS will produce 21 block modular units to be used in well clusters development on the number of oilfields in Tyumen and Orenburg regions.
"TNK-BP" holding is one of the HMS Group`s key clients. Several of Group subsidiaries are granted with status of TNK`s long-standing partners.
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 14.9 billion, adjusted EBITDA of RUB 2.5 billion and profit for the period of RUB 1 billion for the 6 months ended March 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.