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Integra brochure
(pdf - 1.6 mb)

October 09, 2007

New Member of Integra Management Board

Integra Group, a leading Russian oilfield services provider, announces appointment of a new Management Board member. Alexey Urusov, will join Integra Group’s Management Board as a new Executive Vice President for Planning Performance Management and Control (“PPM and Control”). Mr Urusov was formerly Integra’s Deputy CFO responsible for planning and control.
Planning, Performance Management and Control is a function which enables companies to execute effective strategic management of multiple business units. Strategic management approach is used by the majority of large-scale Western and Russian companies - as opposed to the operational management approach which is typical of early stage company development.
Executive Vice President for PPM and Control will be in charge of annual and five year business planning, support of investment governance, M&A financial support (financial due diligences), and reengineering of business processes and controls at Integra Group.
Chief Financial Officer Alex Polevoy will continue to oversee corporate finance, liquidity management, consolidated financial reporting, tax and internal control functions.
Mr Urusov previously served as the CFO of TNK-BP Ukraine. In 2002-2003, he was a member of the Monitoring and Control Group for TNK’s Board of Directors and was responsible for improving upstream efficiency.  In 2000-2001, he worked as Finance Director of Invacorp. Prior to that, he held financial management positions at Tura Petroleum (O&G Upstream) and at FMC  Corp. oil equipment manufacturing plant in Tyumen.
Mr Urusov is a graduate of Tyumen State University, holds a BA (Hons) degree in Business Administration from Wolverhampton University (UK) and has a PhD from Tyumen State Oil and Gas University. Mr. Urusov holds a CPA certificate since 2002.
Notes to editors:
Integra Group is a leading Russian independent provider of onshore oilfield services and is also a leading manufacturer in the Russian Federation of drilling rigs with heavy lifting capacity, cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas.
Integra Group operates in the drilling, workover, seismic and geophysics sectors and manufactures oilfield services equipment.  Integra has oilfield services operations in all major oil and gas producing regions in Russia and in many other CIS countries. The company’s customer base includes major Russian and international oil and gas companies operating in Russia and CIS.
Established in March 2004, Integra Group has, through 16 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs approximately 19 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE). 
For additional information please contact:
Integra Grouphttp://www.integra.ru
Andrei Machanskis, Head of Investor Relationsamachanskis@integra.ruTel. +7 495 933 0621
Alla Sapun, Press Secretaryasapun@integra.ruTel. +7 495 933 0621
Financial DynamicsJonathon Brill / Edward Westropp London+44 20 7269 7170
Anna ShumaylovaMoscow+7 495 795 0623

Forward looking statements: These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.