OREANDA-NEWS. January 17, 2012. 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 another contract for the development of Srednebotuobinskoe oil and gas field totalled Rub 848 mn (app. USD 27 mn,) after winning the competitive tender process.

The scope of work includes a broad range of engineering services, including construction of a central production facility, intrafield oil&gas gathering systems and an oil pipeline as well as overall project management on this green field in the Republic of Sakha.

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

“I’m proud to say this is the second contract in a row that we signed for the development of Srednebotuobinskoe oil and gas field as an important part of an implemented large turn-key project. Under the first contract we’ve been entrusted to provide a broad range of engineering works on development of the oil and gas condensate field while under the new contract we’ll construct intrafield infrastructure to connect this field with major trunk oil pipeline system. I believe this is a good year start and we’ll build up our efforts and continue to obtain new contracts for development of green- and brownfield projects”.