HMS Group receives high grade from TNK-Uvat

Giprotyumenneftegaz (GTNG), a subsidiary of HMS Group, received a high grade from one of the key customers of the Group – TNK-Uvat. GTNG was awarded with 89 out of 100 possible points according to the evaluation sheet of the contractors’ efficiency management system.

The quality of GTNG services was rated based on the performance of the six agreements for planning and surveying services concluded in 2010-2011 including: the project of gas turbine power plant of 18 MWt in Tymakinskoe oilfield, the project of reconstruction oil trunk pipeline 240 km long from central production facility of Ust-Tegusskoe oilfield to metering station located on Kalchinsk oilfield and the project of Urnenskoe oilfield development.

Among the assessment criteria are time of agreement performance, time needed for state approval of the project, qualification and the competency of company`s experts etc.

TNK-Uvat, a subsidiary of TNK-BP holding develops the Uvat group of fields, located in the southern part of West Siberia’s Tyumen Region. The company owns the subsoil licences for 9 blocks: Urnenskiy, Ust-Tegusskiy, Pikhtovyi, Yuzhno-Pikhtovyi, Tamarginsko-Severo-Bolotnyi, Gerasimovskiy, Zapadno-Gerasimovskiy, Vostochno-Gerasimovskiy, and Katysskiy.

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.