HMS Group to carry out construction services on Gazpromneft oilfields

Tomskgazstroy, one of the engineering subsidiaries of HMS Group, signed a set of contracts with Gazpromneft-Vostok for a range of construction and installation works on a number of oilfields in the north of Tomsk region.

The scope of works includes the construction of gathering lines, intra field water pipelines and well clusters along with the related infrastructure facilities on Shinginsk, West-Luginezk and Lower-Luginezk oilfields.

Gazpromneft-Vostok is one of the HMS Group key customers. In 2011 Tomsgazstroy has successfully completed the project of construction of booster pump station with the preliminary water removal unit on Shinginsk oilfield developed by this customer.

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 20 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 3 billion for the nine months ended September 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.