HMS Group to produce metering station for Lukoil

HMS Neftemash, a subsidiary of HMS Group, won a tender announced by Lukoil`s major producing division- Lukoil Western Siberia for production and delivery of a large lot of metering stations Mera MM (Mera Massomer).

Mera MM is a block modular automated metering unit and is designed to measure the productions of wells with extremely high gas flow rate. These units will delivered in different modifications in the first quarter of 2012 and will be operated on the number of upside fields that are being explored by Urayneftegaz process plant and that include Shushminsk, Western Tugra, Mortimya-Teterev and Tolumsk oilfields.

Lukoil is one of the key recipients of the pumping ans oil and gas equipment produced by the Group`s subsidiaries. In this year HMS Group has already delivered to the Lukoil subsidiaries associated gas processing units, pumping units for the reservoirs pressure maintenance systems and an open construction pumping station.

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 13.9 billion, adjusted EBITDA of RUB 3.1 billion and profit for the period of RUB 2 billion for the six month months ended June 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.