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Integra brochure
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April 06, 2009

Integra Group to conduct seismic surveys for Tengizchevroil in Kazakhstan

Moscow, 6 April 2009. Azimut Energy Services (AES) – a subsidiary of Integra Group [LSE:INTE] – has signed a contract to conduct 3D seismic surveys for Tengizchevroil (TCO) in the Tengiz and Korolev fields in Western Kazakhstan.

The total acreage exceeds 1,000 square kilometers and the survey is planned to be completed in 2010. Azimut is expected to utilize 350 of its seismic staff for this project.

Similar to surveys conducted by AES on behalf of TCO in 2001 and 2003, AES looks forward to executing this work program in an environmentally sound and safety conscious manner.

To meet the high technical specifications for this project AES will upgrade its existing equipment and invest in new geophysical ground equipment. AES has developed a strategic partnership with Sercel S.A. to provide assistance and new equipment as part of this project.

Commenting on the agreement with TCO, Chris Einchcomb, Integra’s Executive Vice-President for Geophysics, said:

«We are delighted that our expertise was recognized by TCO in this significant contract. Winning this job consolidates Azimut’s position as the industry leader in the Kazakhstan seismic market. Azimut has developed a strong track record of responding to the needs of the Kazakhstan market and has won a number of long and short term contracts for a variety of operators.»

«Winning the TCO contract follows Integra’s success in securing a significant volume of work for ENI’s and Enel’s Russian venture SeverEnergiya for 2008/09 and demonstrates our growing reputation with international consortiums operating in the CIS.»

«This latest agreement also demonstrates that demand for seismic exploration remains solid, despite the challenging oil price outlook for the energy producers.»

Notes to editors

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 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs more than 20 000 people.

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

About TCO

Tengizchevroil is a joint venture between Chevron, ExxonMobil, KazMunaiGas and LukArco. The project is developing the Tengiz and Korolev oil fields located in Western Kazakhstan. The joint venture was formed in 1993.

Contacts

Andrei Machanskis
Head of Investor Relations

Phone: +7 (495) 933 0621 E-mail: amachanskis@integra.ru
Sergey Beldinsky
Head of Public Relations

Phone: +7 (495) 933 0621 E-mail: sbeldinsky@integra.ru

 
Forward looking statements: 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.