Hydromashservice ZAO Won the Tender for Vankor

Source: www.gulfoilandgas.com 6/20/2008, Location: Asia

ZAO Hydromashservice, being a part of the HMS Group, won the tender of ZAO Vankorneft (the subsidiary of OAO Rosneft) on delivery of pumping equipment meant for developing of Vankor oil and gas field.

The amount of the tender won by ZAO Hydromashservice was more than 60 million roubles. Delivered equipment will be manufactured at enterprises forming part of HMS Group.

Starting from 2007 ZAO Hydromashservice and ZAO Vankorneft concluded some agreements for delivery of pumping equipment for total sum of more than 400 million roubles.

Vankor oil and gas field is one of ten large fields in the world, its proved reserves constitute more than 400 million tons of oil and more than 100 billion cubic meters of gas. Vankor field will be the main resource base for the oil-trunk pipeline "Eastern Siberia - the Pacific Ocean" (ESPO) which is under construction.

HMS Group is one of the leading suppliers of equipment and services for oil-and-gas complex in Russia. The assets of the Group include 5 machine-building enterprises (OAO Neftemash, OAO Sumy Plant "Nasosenergomash", OAO Livhydromash, OAO Livnynasos, OAO Bavlensk Plant "Electrodvigatel", oil servicing enterprise ZAO Nizhnevartovskremservice, constructing-and-mounting company OAO Tomskgazstroy, engineering company OAO Trust "Sibcomplectmontazhnaladka", scientific and technical centers and joint sale company ZAO Hydromashservice.

Sales volume of the Group constitutes 12.9 billion roubles and net profit was 845 million roubles in 2007.

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