Integra brochure
(pdf - 1.6 mb)


September 15, 2008

Integra Group to conduct seismic surveys in the Yamalo-Nenets Autonomous District for SeverEnergia


Yamalgeophysika (a subsidiary of Integra Group [LSE:INTE]) has won a tender to conduct 3D seismic surveys in the Yamalo-Nenets Autonomous District (YNAO) for the subsidiaries of SeverEnergia, a Russian venture of Italy’s Eni and Enel.

Yamalgeophysika and subsidiaries of SeverEnergia* signed four contracts to survey the following license areas:
Samburgsky (400 sq. km);

Yevo-Yahinsky (300 sq. km);

Severo-Chaselsky (400 sq. km);

Yaro-Yakhinsky (400 sq. km).

The above work is to be completed during the 2008-2009 seismic season. 
Integra Group has had two years previous experience of working with SeverEnergia in Russia. During 2007-2008 seismic season, Yamalgeophysika already conducted seismic survey for SeverEnergia in the Samburgsky license area in YNAO.

Grigory Bystritsky, Chief Geophysicist of Integra Group, commented:

“We possess top line equipment and technology which allows us to comply with stricter environmental legislation for geological exploration. This technology enables us to execute our seismic projects with high productivity levels and satisfy our Customer’s growing requirements for the quality of geophysical data. In particular, we plan to use new seismic vibrators produced by Input/Output (USA) which significantly enhance our capability to operate in exclusive and especially protected territories with minimal impact on the environment“.

Note for editors:

* The contracts were signed with Arktikgaz, Urengoil Inc. and Neftegastechnologia for their respective license areas. Each of these companies is 100%-owned by SeverEnergia which in turn is controlled by Eni (60% stake) and Enel (40% stake). SeverEnergia is the managing company for the above-mentioned subsidiaries.
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 23 000 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,

Ekaterina Alferova London

Tel. +44 20 7269 7170

Galina Lyssenko

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.