HMS Group to produce block modular equipment for Surgutneftegaz

HMS Neftemash, a subsidiary of HMS Group, signed a contract with Surgutneftegaz for production and delivery of a modular group pumping station (MGPS) for one of the customer`s subsidiaries - Bistrinskneft.

This station will be delivered to the oilfield named after Baybakov (Khanty-Mansi autonomous district) and will be used for water injection to the producing reservoirs of the field to maintain reservoir pressure. The MGPS is equipped with pumping units of ZNS type.

In 2011 HMS Group has produced and delivered to Surgutneftegaz automated group measuring units Mera, pressure reduction units, oil pumping stations as well as water and chemicals 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. The Group reported revenues of RUB 20 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 3 billion for the nine months ended September 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.