HMS Group (HMSG)
HMS Hydraulic Machines & Systems Group plc
HMS Group signs Rub 5.7 BN design & exploration works contract
Moscow, Russia - May 20, 2020
HMS Group announces today that it has signed a framework contract to conduct design and exploration works at an oil & gas field, located in Russia.
The estimated duration of works is 5 years and the maximum total amount of the contract may not exceed Rub 5.7 billion.
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About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as the provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group's products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG). http://ar2019.grouphms.com
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