Integra brochure
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July 29, 2010

Integra Group to conduct transition zone seismic survey in the Kazakhstan section of the Caspian Sea

Moscow, July 29 2010

Azimut Energy Services (AES) – a subsidiary of Integra Group [LSE:INTE] –  launched a transition zone seismic survey in the Caspian Sea off the coast of western Kazakhstan for TOO Korned.

This will be the pilot project of the recently announced joint venture (IG Seismic Services) between Integra and WesternGeco, the seismic business segment of Schlumberger. As part of the project, AES will utilize its own capacity, including recently purchased specialized equipment for transition zone surveys, as well as WesternGeco’s equipment and personnel, whose experience in such operating environments will significantly benefit the project.

The 3D-survey will cover an area of 225 sq km of which approximately 75% lies in the transition zone with conditions that significantly restrict the use of standard equipment. Such conditions include deep mud and flooding from the Caspian Sea during prevailing Western winds. It is expected that the project will be completed within four months.

The project will be the first opportunity for Integra to demonstrate its capability in the complicated transition zone environment for land seismic acquisition.  The successful completion of the project will open up new opportunities for IG Seismic Services not only in the transition zones of Kazakhstan but also in the similar zones in other regions (i.e. Russia, Turkmenistan, Uzbekistan etc). These areas are relatively underexplored due to the challenges associated with their accessibility and environmental sensitivity.

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

“Both Integra and WesternGeco have an established track record of working for major international oil companies in challenging environmental conditions.  Joining our potentials in this project will allow us to reinforce our technology and further strengthen our reputation in Kazakhstan as well as open new opportunities in our traditional markets in Russia and in the Caspian Region”.


Note to editors

About Integra Group:
Integra Group is a leading FSU-based independent provider of onshore oilfield services and is also a manufacturer of cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas. 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

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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.
 
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