OREANDA-NEWS. November 15, 2011. HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and engineering services for oil and gas fields in Russia and the CIS, today announces signing of a contract totalled Rub 1.27 billion (app. USD 41.6 mn) after winning the competitive tender process. Within the framework of the project the Group will render a broad range of engineering services, including construction, installation and commissioning, as well as overall project management on a major West Siberian gas field. 

Artem Molchanov, Managing Director (CEO) of HMS Group, commented: 

“We are proud to have been awarded the contract. Having a strong track record of the major high-end projects in oil upstream and transportation, we strengthen our project portfolio for gas fields’ infrastructure that is in line with our strategy in EPC business segment. Our expertise on handling integrated projects enables us to deliver another solution implemented under harsh environmental conditions that requires operational excellence, strong commitment to project management and allows us to retrieve healthy mid-teen margin.”