HMS Group completes construction of gas pipeline between Severo-Vasyuganskoye gas condensate field and Myldzhinskoye gas condensate field

Tomskgazstroy, a subsidiary of HMS Group, completed the works on construction of a gas pipeline between the Severo-Vasyuganskoye and Myldzhinskoye gas condensate fields.

According to the contract, concluded in 1Q 2010 with Tomskgazprom the company completed all the scope of construction and installation works of the line part of the subsurface gathering gas pipeline with the range of 80.5 km along with construction of associated facilities.

The pipeline is designed for raw gas supply of the Severo-Vasyuganskoye gas condensate field to the gas booster station of the Myldzhinskoye gas condensate field. The construction works were aggravated by the necessity of crossing water barriers, aerial transmission lines, underground facilities and highways.

It is not the first project of such scale for Tomskgazstroy. The company has considerable experience in building of technological, in-field and inter-field oil and gas pipelines in severe geographic and climate conditions The main customers of Tomskgazstroy are leading companies of the oil-and-gas industry: OJSC “Gazprom” (LLC “Gazprom Transgaz Tomsk”, OJSC “Tomskgazprom”), OJSC “Oil Company “Rosneft” (“RN-Tomskneft”), OJSC “Gazprom neft” (LLC “Gazpromneft-Vostok”), OJSC “Joint Stock Oil Company “Bashneft”, OJSC “Joint Stock Company “Transneft”.

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.