OREANDA-NEWS. November 24, 2011. HMS Group (LSE: HMSG), the leading pump manufacturer, provider of flow control solutions and engineering works for oil and gas fields in Russia and the CIS, today announces signing a contract with the Russian oil-trunk pipelines operator- Transneft totaled RUB 186 mn (app USD 6.0 mn, excluding VAT) after winning the competitive tender process. Within the framework of the project the Group will carry out replacement, upgrade and overhaul of the pumping units installed on the customer’s trunk pipelines. Implementation of this contract is a part of the customer`s Modernization and Overhaul Program which will be implemented till 2017.

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

"We have been a trusted supplier for Transneft for years, having completed overhaul and modernization of more than 100 trunk pump units since 2008. We could offer a broad array of services from diagnostics and maintenance to overhaul and modernization. From this standpoint our participation in the new initiative of our key customer is quite logic since we are thoroughly familiar with the installed base specification and designed up-to-date solutions improving efficiency and extending life-cycle of the equipment. It makes us confident that we’ll be able to maintain the leading positions on this market in the future".