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Integra brochure
(pdf - 1.6 mb)


September 10, 2008

Christopher Einchcomb appointed as Executive Vice-President for Geophysics


September 10, Moscow. Integra Group (LSE:INTE), à leading Russian oilfield services provider, is pleased to announce that Chris Einchcomb has accepted the offer to join Integra Group in the role of Executive Vice-President for Geophysics.

Chris Einchcomb will be responsible for developing the Group’s geophysics strategy, he will be concerned with restructuring this business segment, the organization and operations of geophysics and exploration works and overall management of Integra’ formation evaluation business.

Chris comes to Integra Group from TNK-BP, where he was the Vice-President for Exploration and Seismic Operations since October, 2006. Prior to that he was the Vice-President for Exploration at BP Sakhalin Inc., with responsibility for exploration drilling and seismic operations and strategy. Mr. Einchcomb has 26 years of experience in the oil and gas industry and has held a number of senior roles in exploration strategy, operations and M&A, including over 10 years of experience in Russia.

After graduating from University of Newcastle-upon-Tyne, UK with a BSc in Geophysics and Planetary Science, Mr. Einchcomb started his career with BP as a geophysicists engineer in 1982. He held various positions in exploration and commercial departments at BP including overseas assignments in USA, Vietnam, Venezuela and Norway as well as in the BP’s UK headquarters. Mr. Einchcomb was also involved in joint seismic and drilling projects with the largest Russian and international oil companies.

Mr. Einchcomb replaces Grigory Bystritskiy who will continue his work for the Company in the position of Chief Geophysicist.

 Felix Lubashevsky, Integra’s Chief Executive Officer, commented:

"Geophysics is one of our most successful divisions. As Chris Einchcomb joins us we should further solidify our position in this segment. Chris is a world-class professional who among other merits has over ten-years worth of experience in Russia and extensive knowledge of both best international practice and technical aspects of exploration and production business. I am convinced that Chris will make a notable contribution to shaping our business strategy, improving our management practices and technology".
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 Group has oilfield services operations in all major oil and gas producing regions in Russia and in many other CIS countries. Its 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 23 000 people.

Since February 27, 2007, Integra Group has been traded on the London Stock Exchange under the ticker 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 Lysenko

Moscow Tel. +7 495 795 0623
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Integra Group. You can identify forward-looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Integra Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Integra Group’s projections or forward-looking statements, including, among others, general economic and market conditions, Integra Group’s competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to Integra Group and its operations.
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Integra Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of Integra Group.

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”).  Any person who is not a relevant person should not act or rely on this document or any of its contents.

Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person or any person in Russia, and does not constitute an advertisement of any securities in Russia.