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August 26, 2009

Antonio Campo joins Integra Group as Chief Executive Officer

Moscow, August 26, 2009. Integra Group (LSE:INTE), a leading independent provider of onshore oilfield services is pleased to announce that Antonio Campo, a veteran oilfield services executive who spent 28 years at Schlumberger, has been named Chief Executive Officer of Integra Group, effective September 1, 2009. A transition period is expected to extend at least through December 31, 2009.

Mr. Campo recently held global and emerging market senior management positions at Schlumberger, including:

• President, Europe, Africa and CIS Oilfield Services;
• President, Worldwide Integrated Project Management;
• President, Latin America Oilfield Services;

Felix Lubashevsky, Integra’s President and CEO since 2005, will continue as President of Integra Group focusing on strategic business development and a number of long-term projects. Mr. Lubashevsky will also continue to serve on the Board of Directors of Integra Group and will remain the Group’s largest single shareholder.

Commenting on the addition of Mr. Campo to Integra’s executive team, John Fitzgibbons, Chairman of the Integra Group Board of Directors, said:

“We are thrilled to announce the appointment of such a capable and experienced industry executive as Antonio Campo to lead the next chapter of Integra’s development.  Following on the unique entrepreneurial talents of Felix Lubashevsky, Antonio now has the opportunity to apply his deep industry experiences to one of the most strategically attractive growth platforms in the oilfield services industry.  The Board of Directors is firmly behind Antonio and ready to provide him all the support he requires as he transforms Integra.”

Felix Lubashevsky stated:
 
“Integra is extremely fortunate to gain the executive experience of Antonio Campo, a highly seasoned international manager who will bring to our organization the invaluable expertise of running a diversified oilfield services business in multiple emerging markets. Appointment of a business leader of such caliber is a truly unprecedented event for the Russian oilfield services market and should come as a great benefit to our stakeholders, customers and employees. In a relatively short time Integra has evolved from being a young startup company to one of the leading players in the CIS market. The consolidation and integration stages of our development are now complete and going forward our focus will be the quality and efficiency of our services – a task for which Antonio’s experience is critical.
Our stakeholders and customers can look forward to a seamless transition into this new governance structure. For the past four years, I have poured all of my energies into this great company, and I will keep contributing to its success for years to come in my capacity as President and Director of Integra Group while also remaining a material shareholder.”

Antonio Campo, CEO-elect of Integra Group, stated:

“Integra is a company that is extraordinarily well-positioned for growth.  In one of the most attractive global markets for oilfield services, it has a solid asset base, strong customer relationships, and enormously talented employees. It has accomplished a great deal in its relatively short history and I look forward to leading it to the next level of development. This company and the industry have faced extreme challenges over the last year, but I believe there is now a unique opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. I am very excited to have the opportunity to play a key role in unlocking that value.“

Note to editors

Biography of Antonio Campo:
Antonio Campo, 51, has spent 28 years at Schlumberger in a multitude of senior management positions in different parts of the world. Since 2006, Antonio Campo has been the President, Latin America Oilfield Services responsible for the overall performance of Schlumberger’s 10,000 employee business in the region. From 2003 to 2006, Mr. Campo was the President, Europe, Africa and CIS Oilfield Services managing the business of 14,000 employees. In this role he was actively involved in Schlumberger’s development in Russia. From 2000 to 2003, he was the President of Schlumberger’s Integrated Project Management business responsible for the worldwide operations in this service line. From 1999-2000, Mr. Campo help a position of Director of Personnel for the Reservoir Management Group in Houston, Texas. From 1997-1999, Antonio was the Vice President Oilfield Services Latin America South managing a full range of services in the region. In his career prior to 1997, Mr. Campo held a number of senior management and technical positions in Schlumberger’s wireline business. Mr. Campo has extensive international experience having worked in Argentina, Brazil, Bolivia, Canada, Colombia, France, Great Britain, Italy, Venezuela, USA
In 1980 Antonio Campo graduated from Pontificia Universidad Javeriana in Bogota, Colombia with a BSc degree (honors) in Electronic Engineering.

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 17 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE). 
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Contacts

Integra Group  
Andrei Machanskis Head of Investor Relations Tel. +7 495 933 0621
amachanskis@integra.ru
Sergey Beldinsky
 Head of Public Relations
 Tel. +7 495 933 0621
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.