OREANDA-NEWS. January 25, 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 a contract totaled Rub 1,376 mn (cca USD 43.9 mn). Within the framework of the contract, the Group will manufacture and commission a large set of pumping and other primary equipment for water injection unit which is the central part of a large produced water treatment system being constructed on East Siberian oil and gas field.

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

“Following the recently signed contract on the equipment delivery for water processing unit, we keep working on the project, having signed an additional agreement for delivery of the mission critical equipment for water injection unit being an integral part of a new produced water treatment system designed by HMS Group”.