Integra brochure
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July 17, 2008

Integra Group and Salym Petroleum Development Expand Cooperation


Moscow, 17 July 2008. Integra Group (LSE: INTE) has signed an extended two year contract with Salym Petroleum Development (“SPD”), a joint venture between Shell  and Sibir Energy, operating in Western Siberia.

Under the new agreement, the existing contract with SPD has been prolonged and the list of services to be delivered by Integra has been significantly expanded to include, for example, coil tubing and mobile nitrogen unit services. These new well development and workover technologies enjoy an increasing demand from the oil and gas producers relative to traditional development and workover methods.

Commenting on the agreement with SPD, Lev Goldenberg, Executive Vice-President of Integra Group for Drilling and Workover, said:

“We are grateful to Salym Petroleum Development for its custom and for high regard for our services. This is evidenced by the extension of our contract and the expansion of the range of Integra’s services used. I am sure that working alongside such an important customer which employs the highest quality and safety standards as well as possesses a vast technological experience will allow our specialists and managers to achieve the highest levels of professionalism and will further strengthen our long term partnership”.

SPD Technical Director Koos Koole, commenting on this, said:

“We have cooperated with Smith Eurasia Company, which is the part of Integra, for more than 5 years and we are satisfied with their work as our partners.

Therefore we have prolonged the contract for a further two years. I am sure that if, as a service provider, Integra Group continues to demonstrate the same positive dynamics in the quality of its services, continued growth in competence, compliance with technical, technological and environmental standards, we will consider prolonging our partnership even further”.

Note to editors:

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 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs over 22 000 people.

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

Contacts

 

Integra Group 

Andrei Machanskis Head of Investor Relations

Tel. +7 495 933 0621

amachanskis@integra.ru

Alla Sapun

Press Secretary

Tel. +7 495 933 0621

asapun@integra.ru

Financial Dynamics 

Jonathon Brill, Edward Westropp,  London

Tel. +44 20 7269 7170

Galina Lyssenko

Moscow

Tel. +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.