OREANDA-NEWS. January 20, 2012. HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions, engineering and construction works for oil and gas fields in Russia and the CIS, today announces signing two contracts with Surgutneftegaz, one of Russian oil and gas majors, totaled Rub 668 mn (USD 21 mn). In accordance with these contracts the Group will produce and deliver a large run of automated group metering units (AGMU) and other modular equipment for water injection.

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

“We are glad to have been awarded these contracts that prove the company’s strong leadership in the oil and gas modular equipment market. Growing demand for green- and brownfields development leads to increased capex of oil and gas majors and keep us confident that we’ll have another good year in 2012.”