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Integra brochure
(pdf - 1.6 mb)

January 18, 2007

Integra Group announces the completion of a new acquisition

Integra Group, one of Russia’s leading diversified oilfield services companies, announces the completion of its acquisition of a 100% interest in LLC Tomsk Geophysical Company, a 94.1% interest in AO Azimut Energy Services, and a 99.5% interest in AO Geostan, together referred to as Azimut, from International Energy Services, Inc. and its subsidiaries. This transaction was completed in late December 2006 and therefore will be reflected in the 2006 financial statements of Integra Group.
Azimut, which is located in Tomsk, Russia and Almaty, Kazakhstan, provides seismic services and will become a part of the formation evaluation services segment of Integra Group.
Commenting on the deal, Felix Lubashevsky, Integra President, said:
“The acquisition of Azimut is in line with our strategy of building up the scale in our core service lines. It will also enable us to broaden the geographic presence of our formation evaluation segment by establishing a material presence in Kazakhstan, as well as expanding our footprint in Russia.”
Note to editors:Integra is a leading Russian independent diversified oilfield services company. Integra operates in the following sectors - drilling, workover, seismic and geophysics and manufactures oilfield services equipment. Integra is present in all major oil and gas producing regions in Russia and in many regions of the CIS. The company’s customer base includes Russian and international oil and gas majors operating in Russia.
Established in March 2004, Integra has consolidated over 40 oilfield services and oilfield equipment manufacturing companies serving the Russian oil and gas sector. Integra employs approximately 17,600 people.
About Azimut:Azimut is one of the leading providers of seismic services in Kazakhstan and Russia. Azimut employs sophisticated, modern technologies, such as three dimensional seismic survey, interpretation and real-time data transfer equipment.
Azimut operates 7 seismic stations and 7 seismic crews. Its major clients include Tomsknedra, Tomskneft, Zhiant, Alianceneftegas, Sibinterneft, Nord Imperial, Ai-Dan Munai, Liman Caspian, Sagis Petroleum, Pricaspian Petroleum, Repsol Caspioilgas. Azimuth employs over 2500 people.
For additional information please contact:
Russian mediaAlla SapunPress Secretary   Integra Group Tel. +7 495 933 0621asapun@integra.ruhttp://www.integra.ru  Michael Guerin / Anna Shumaylova Financial Dynamics (Moscow) Tel: +7 495 795 0623  UK/international media    Jonathon Brill / Ekaterina Alferova Financial Dynamics (London) Tel: +44 7831 3113