HMS Group to Implement Turnkey Project on a New East Siberian Oilfield
HMS Group announces signing of a contract totalled Rub 1.8 billion (app. $57.2 mn,) after winning the competitive tender process.
Within the framework of the project the Group will render a broad range of engineering services, including project design, procurement, manufacturing of pumps and other oilfield equipment as well as overall project management on Srednebotuobinskoe oil and gas condensate field in the Republic of Sakha with explored reserves of apprx. 122 mn tn.
Artem Molchanov, Managing Director (CEO) of HMS Group, commented: “I’m pleased to say that being a good example of the large-scale turnkey solution to be executed in a harsh environment this project represents the next stage of HMS group strategy implementation. Last year we completed the acquisition of GTNG, one of the largest project and design facility in Russia. It allowed us to offer principally new level of technologically advanced project design combined with manufacturing and engineering expertise. Looking forward, I believe that ambitious development plans of oil and gas majors on green- and brown field projects create new opportunities for us to deploy platforms of similar complexity”.
Source: HMS Group
