HMS Group to Provide Engineering Services in Yamal Gas Province

18.11.2011

HMS Group announces signing of a contract totalled Rub 1.27 billion (app. $41.6 mn) after winning the competitive tender process. Within the framework of the project the Group will render a broad range of engineering services, including construction, installation and commissioning, as well as overall project management on a major West Siberian gas field.

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

“We are proud to have been awarded the contract. Having a strong track record of the major high-end projects in oil upstream and transportation, we strengthen our project portfolio for gas fields’ infrastructure that is in line with our strategy in EPC business segment. Our expertise on handling integrated projects enables us to deliver another solution implemented under harsh environmental conditions that requires operational excellence, strong commitment to project management and allows us to retrieve healthy mid-teen margin.”

Source: HMS Group

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