OREANDA-NEWS. HMS Group (LSE: HMSG), the leading pump and compressor manufacturer, supplier of turnkey process engineering packages and provider of flow control solutions and related services in Russia and the CIS, announces today that the Group has signed a Rub 5.7 billion (USD 173 million) contract to deliver technological integrated solution for a major Siberian gasfield.

The scope of contract includes development of design documentation, manufacturing, delivery, supervision and testing of complex technological facility, including compressors, pumps, tanks, vessels, filters, coolers and other components for providing complex integrated systems such as deethanising compressor station, methanol regenerating unit etc.

The project implementation time is two years.

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

“We are happy to start new 2014 year with the announcement of signing a new material contract worth over 5 billion rubles. Our established track record for efficiency and reliability along with our ability to meet peculiar customer's needs were the key factors in the award of this contract.

This contract is a good example of creation value through synergy of all Group's business units which will together execute the contract under centralized management.

We are proud to offer not only standard equipment but also innovative technological products that conform to our commitment to strategy of providing complex and unique technological integrated solutions to the clients. Participation of HMS Group in milestone projects is an important confirmation of the Group's high expertise in the industry.”