HMS Neftemash, a subsidiary of HMS Group, has succeeded in bidding process and signed a contract with KarakudukMunai, an operating subsidiary of Lukoil Overseas for delivery of pumping station with gas piston engine.
The station will be equipped with four multistage centrifugal pumping units with quench system of mechanical seal and bearing cooling and lubrication system.
Caterpillar gas piston engines will be installed as a drive.
The equipment will be used in water injection system of Karakuduk oil field (Republic of Kazakhstan).
In 2010 HMS Group delivered pumping units for an upgrade of modular group pumping station on this field.
The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS.
The HMS Group’s products are mission-critical elements of projects across a diverse range of industries.
It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea.
The Group reported revenues of RUB 14.9 billion, adjusted EBITDA of RUB 2.5 billion and profit for the period of RUB 1 billion for the 6 months ended June 30, 2012.
The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol HMS” on the London Stock Exchange.