HMS Group to manufacture series of group measure units for ТNК-BP

Nizhnevartovskremservice, a subsidiary of HMS Group, has won a tender to supply TNK- BP holding with series of automated group measure units. This equipment is designed for the subsidiaries of the holding – Varyeganneftegaz and Samotlorneftegaz and will be used for infrastructure development of fields situated in Tyumen region.

According to the tender results Nizhnevartovskremservice will manufacture 27 block modular group units dedicated for automated measurement of oil well capacity.

"ТNК-ВР" holding is one of the HMS Group`s key clients. The Group has been providing the holding with oilfield and drilling equipment (manufacture as well as maintenance and repair) and with control and measurement instruments.

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.