HMS Group to carry out engineering services on Western Ostaninsk oilfield in Tomsk region

Tomskgazstroy, one of the engineering subsidiaries of HMS Group, signed a set of contracts with oil company Tomskneft for a range of construction and installation works within the Western Ostaninsk oil and gas field development project.

The scope of works includes the reconstruction of intra field oil pipeline along with the construction of oil and gas gathering pipeline and high pressure water supply line on the field.

Tomskgazstroy has a long term successful track record of cooperation with Tomskneft during which the company has completed the project of oil processing unit construction on Krapivinsk oilfield in Tomsk region (Western Siberia).

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 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.