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Integra brochure
(pdf - 1.6 mb)


January 28, 2010

Integra Group successfully completed the largest contract in its 5-year history

28 January  2010, Moscow

In May, 2007, Integra Group signed à contract to manufacture eleven heavy drilling rigs for Gazkomplektimpeks, a Gazprom subsidiary (now Gazprom kompektatsiya). This contract envisaged designing, manufacturing and putting the equipment into operation in the fields of the customer. Two drilling rigs were commissioned to the Zapolyarnoye field in Western Siberia in 2008, while nine rigs were commissioned in the period from summer 2008 till autumn 2009 to the Bovanenkovskoye field (Yamal).

As part of this project the engineering team of URBO (a manufacturing subsidiary of Integra Group) designed a state of the art next generation drilling rig named “Ekaterina”. The rig design included a series of innovative engineering solutions, particularly the patented integration of a cementing complex into the skidding system of the rig.  

Andrey Rossinsky, Chief Executive Officer of Gazprom Bureniye, a Gazprom subsidiary, commented on cooperation with URBO:

 “As a customer we are entirely satisfied with our order which was completed by URBO. We had assessed the enterprise’s design, engineering and production capabilities before starting our cooperation and were entirely satisfied with our findings. Our cooperation process, production quality and deliveries ahead of schedule leave a very positive impression of this contractor”.

Commenting on the completion of the contract Vitaly Tkachev, Executive Vice President for Equipment Manufacturing of Integra Group, said:

“Our customer was actively involved in the production process, setting high technological and quality standards as well as strict deadlines. Each drilling rig was test-assembled at URBO’s production sites  and was launched into operation collectively with the customer. Today manufacturers face strict quality requirements and innovative demands. URBO team produce rigs which have unique innovative engineering solutions. We are thankful to Gazprom specialists for the invaluable and productive experience which resulted in synergetic cooperation and allowed to achieve impressive results”.

Notes to editors

 About URBO (former Uralmash-Burovoye Oborudovaniye)

In August, 2005 Integra Group purchased Uralmash-Burovoye Oborudovaniye, which was later renamed to URBO in 2009. During its four 4-year history  the enterprise has become one of the leading producers of drilling equipment with production sites in Yekaterinburg and Tyumen (Tyumen Shipbuilding Plant – URBO subsidiary) with a modern engineering centre which is able to solve most complicated technology tasks.
In early 2009 Integra’s manufacturing subsidiaries, URBO and Stromneftemash, obtained a certificate on quality management system compliance to the requirements of the international standard ISO 9001:2000.
During 2006-2009 capital expenditures on development of Integra’s manufacturing segment amounted to RR 1.3 bn. It allowed a significant increase in production volumes which increased from 2 drilling rigs in production in 2005 to 28 drilling rigs in 2008. From 2006 URBO paid about RR 2 bn to the Russian Federation budgets of all levels. Average wages of the enterprise’s employees increased from RR14 th to RR 32 th.
About Integra Group:
Integra Group is a leading independent diversified provider of onshore oilfield services and manufacturer 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, provides integrated project management services 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).

For additional information please contact:
Integra Group

Andrey 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.