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Integra brochure
(pdf - 1.6 mb)


April 13, 2007

Integra Group announces 2006 operating performance and revenue backlog for 2007

MOSCOW, 13 April, 2007 – Integra Group (LSE:INTE) announced its operating performance for full year 2006 and revenue backlog estimates for 2007.
Last year, Integra Group materially increased the volume of oil field services it provided. In 2006, Integra Group’s Oilfield Services Division subsidiaries drilled 473.8 thousand meters, built a total of 175 wells and conducted 1,057 workover operations.
In the Formations Evaluation Division, Integra Group’s seismic subsidiaries and associates carried out 12,935 km of two-dimensional (2D) surveys, 5,492 sq. km of three-dimensional (3D) surveys, while our well geophysics units carried out over 21,300 logging operations. A substantial number of formation evaluation surveys were carried out by our associated companies.
Integra Group’s Equipment Manufacturing Division completed construction of 5 heavy drilling rigs and modernized 16 rigs in 2006.
Operating performance data is presented on a pro-forma basis and includes historical data based on the available records of companies acquired by Integra Group during 2005 and 2006.
Oilfield Services Division
Drilling
2006

2005(1)

Number of active drilling rigs (year end)

44

32

Total drilling volume (‘000 meters)

473,8

312,4

Number of wells drilled

175

134
(1) In 2005 our drilling subsidiary Argilit provided only drilling crews to its customers, so no data on Argilit drilling volumes is included.

Workovers
2006

2005

Number of workover rigs (year end)

43

32
of which, workover rigs of drilling companies

6

7

Number of workovers performed

1,057

367
of which, workovers by drilling companies

71

54
Workover crew hours billed (‘000 crew hours)

199,1

92,2
of which, crew hours billed by drilling companies

23,1

22,8

Drilling Tools
2006

2005

Downhole Motors produced

757

422

Turbines produced

27

51
Formations Evaluation Division

Seismic operations
2006

2005

Number of seismic crews

45

37
Subsidiaries

39

33
Associates (non-controlled subsidiaries)

6

4

2D Seismic (km)

12,935

11,025
Subsidiaries

9,896

8,159
Associates (non-controlled subsidiaries)

3,039

2,866

3D Seismic (sq.km)

5,492

4,324
Subsidiaries

5,127

4,101
Associates (non-controlled subsidiaries)

365

223
Note: Full year seismic data excludes contribution from Azimuth Energy Services (4 seismic crews, 3,215 km of 2D seismic and 515 sq.km of 3D seismic survey in 2006) and Tomsk Geophysical Company (3 seismic crews; 2,327 km of 2D seismic and 91 sq.km of 3D seismic survey in 2006).

Logging operations
2006

2005

Number of logging crews

124

105
Subsidiaries

46

25
Associates (non-controlled subsidiaries)

78

80

Number of logging operations (‘000)

21,3

14,7
Subsidiaries

7,2

3,1
Associates (non-controlled subsidiaries)

14,1

11,6
Equipment Manufacturing Division
2006

2005

New drilling rigs completed

5

2

Rigs in production (year end)

11

-

Rigs modernized 3)

16

2

Cementing complexes produced

6

6

Other oil & gas equipment (pump stations, manifold units, mixing stations, other)

73

86
3) Rig modernization includes production by “Uralmash-Burovoye Oborudovaniye” of drilling rig components, mechanisms and units for installation on a specific rig of the customer.
2007 Revenue Backlog
As of April 10, 2007 Integra Group had signed contracts for over US$770 mln in revenue for services and equipment to be delivered to customers during the current year.

2007 Revenue Backlog 4)
In US$ mln

Contracts signed

Tenders won, contracts not signed

Total backlog
Oilfield services segment

620

130

750

Equipment manufacturing segment

150

90

240

Total

770

220

990
(4) Backlog is not a measure defined by accounting principles, and our methodology for determining backlog may not be comparable to the methodology used by other companies. Non-audited data.
The operating data in this release is based on management assessment and might be subject to adjustment during preparation of Integra Group’s audited financial statements for 2006. Pro-forma figures presented in this release may differ from consolidated operating statistics supplied with our audited financial statements.