OREANDA-NEWS. February 21, 2012. HMS Neftemash, a subsidiary of HMS Group, signed a contract with RussNeft for production and delivery of a modular group pumping station (MGPS) for one of the customer`s subsidiaries.

This station will become a part of oil processing unit installed on Verkhne-Shapshink oilfield (Khanty-Mansi autonomous district) and will be used for water injection to the producing reservoirs of the field to maintain reservoir pressure. The MGPS is equipped with four pumping units of ZNS type.

Verkhne-Shapshinsk oilfield is a part of Shapshinsk group of fields with the total reserves of more than 88 mn. tones. RussNeft considers Shapshinsk group of fields to be a strategic project for the company.

In 2011 HMS Group has produced and delivered to RussNeft automated group measuring units as well as water and chemicals distribution units.

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.