29.08.2011

HMS Group produces a multiphase pump station for Menzilinskoye oil field of LUKOIL

HYDROMASHSERVICE, an integrated trading company of HMS Group, has won a tender to produce and supply LUKOIL Trade House with outdoor multiphase pump station MNS125/40-2 for using in Menzilinskoye oil field.

According to the order of HYDROMASHSERVICE multiphase pump station MNS125/40-2 will be manufactured by Livgidroprom. The multiphase pump station will be installed in the open and made on the basis of two electric driven multiphase pump units А8 2VV125/40-80/40 manufactured by HMS Pumps (one pump unit in working operation, the second one in reserve) and equipped with the control station. Multiphase pumps of HMS Pumps are notable for their high energy efficiency and operation characteristics owing to the special patented geometry of pump elements that is confirmed with large operating experience for more than 15 years in various application environments, including at the outdoor sites of Extreme North regions. The multiphase pump station is designed to transfer fluids containing gas up to 90% in normal conditions, and up to 100 % with special pump manifold or, short-term, in one run of pipeline. The pump station includes control station in the heat-insulated block-box, which provides control of pump operation mode and safety of multiphase pump station functioning.

LUKOIL is one of the key consumers of pumping and oil and gas equipment produced by the HMS Group companies. Menzilinskoye oil field is developed by TatRITEKneft - oil and gas production division of RITEK, which is a subsidiary of LUKOIL. Menzilinskoye field is one of the largest oil fields in Tatarstan containing geological oil resources estimated 8 million tonnes.

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.


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