«    2017    »
july
august
september
october
november
december


Integra brochure
(pdf - 1.6 mb)


November 22, 2007

Stromneftemash (Integra Group) launches a new-generation cementing complex


21 November 2007, Moscow. Integra Group, a leading Russian oilfield services provider, announces today that its machine building division, OJSC Stromneftemash, has created a new generation of cementing machines. The new mobile pumping equipment, UNBS2 – 600x70, is scheduled for mass production in late 2007 – early 2008.

The new equipment will be used for well casing, sand washing and other flushing and pressurising operations, performed during gas and oil well development and workover. It will be used at Russian oil and gas fields and oversees.

The main competitive advantage of the cementing machine is its economic feasibility. It will require only 2-3 people to operate the system, compared with a team of 20 people required to operate similar older machines on the market. Other advantages include its suitability for the harsh conditions of the Far North and its production time of just 3-7 months. It is also very competitively priced compared to its foreign analogues. Integra Group currently has nine contracted cementing complexes for Gazprom.

At the cementing complex presentation in Kostroma, Andrei Budko, First Deputy General Director for production of Burgaz, Gazprom’s drilling company, commented:

“The equipment created by Stromneftemash is a unique and competitive product, which was completed in a record 10 months. Burgaz has been using Stromneftemash’s equipment for a long time, in particular the KCS-40 cementing complex, which is also a product of cooperation between our specialists. Based on our experience with KCS-40, the new complex has been improved noticeably.

“We are currently considering purchasing a number of cementing complexes as a part of the technical refurbishment at Gazprom.”

Vitaly Tkachev, Executive Vice President of Integra Group, President of Uralmash-VNIIBT, said:

“We have created this cementing complex based on Burgaz’s technical requirements. At the same time I can say that this was not just a mere execution of the Customer’s task. We closely cooperated while developing this complex and we find such form of cooperation very effective in satisfying our Customer’s needs and bringing together the interests of both sides.

“Industrial testing of this new equipment will start in the nearest future at Tyumenburgaz in Urengoy, a branch of Burgaz.”

Notes to editors:

About OJSC Stromneftemash Concern

Concern Stromneftemash (Kostroma) was founded as an enterprise of the military-industrial complex. It later started manufacturing oilfield services and road construction equipment and is now one of the leading manufacturers of cementing pumps and supplementary equipment in Russia.
The main product of Concern Stromneftemash is the KCS-40 cementing complex, which includes highly-efficient triplex pumps, systems for slurry preparation and a monitoring system,  which allows to regulate the properties of cement. Stromneftemash also produces traditional single-pump complexes with both duplex and triplex pumps, which continue to be used in the Russian market.

About Integra Group

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 20, 000 people.

Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).

For additional information please contact:

Integra Group

http://www.integra.ru

Andrei Machanskis, Head of Investor Relations

amachanskis@integra.ru

Tel. +7 495 933 0621

Alla Sapun, Press Secretary

asapun@integra.ru

Tel. +7 495 933 0621

Financial Dynamics

Jonathon Brill / Edward Westropp

 London

+44 20 7269 7170

Anna Shumaylova

Moscow

+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.