HMS Group to produce modular equipment for Vingapur oil and gas field

HMS Neftemash, a subsidiary of HMS Group, signed an agreement for production and delivery of a solution salt skid with the capacity of 500м3 per day for Vingapur oil and gas field (Gazpromneft). The skid is going to be used for production, storage and distribution of fluids required for killing wells during maintenance and full repair.

The skid consists of an integrated treatment of process liquid unit, a salt mud mixing system and a chemical dosing and inventory emulsion mud production unit. The skid is equipped with electric armature, gages and flow meters that allow remote control and supervision of technological process with the option of information backup.

HMS Neftemash has been successfully producing solution salt skid units of different capacity. Previously the skid units were delivered to subsidiaries of Yugansneftegaz and TNK BP.

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.