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November 12, 2010

Integra Group completes another major seismic survey in Kazakhstan

Azimut Energy Services (AES), a Kazakhstan subsidiary of Integra Group (LSE:INTE) has completed a major 3D seismic survey between July and October for TOO Korned, owned 100% by OMV Petrom SA. The survey of approximately 18,000 shot points covered 225 sq km of which roughly 75% lie in the transition zone of the Caspian Sea. Deep mud and wind-driven flooding from the sea significantly restrict the use of standard equipment, but the project was completed ahead of plan after 3 months of continuous operations.

“Integra demonstrated its capability in the complicated transition zone environment for land seismic acquisition” said Christopher Einchcomb, Executive Vice-President for Geophysics of Integra Group. “Successful completion of this project opens up new opportunities for us in the transition zones of Kazakhstan, Russia, Turkmenistan, Uzbekistan and globally, in areas relatively underexplored due to challenges associated with their accessibility and environmental sensitivity”.

Earlier, Integra successfully completed two other seismic projects in Kazakhstan, including the largest for over a decade. The first survey performed over Kazakhstan’s largest gas condensate field utilized “slip-sweep” vibroseis technology to complete over 270,000 shot points, covering nearly 900 sq km in 6 months.  State-of-the-art equipment enabled average production rates to exceed 1,700 shot points per day, and a maximum of nearly 2,890 shot points per day.

A second major survey over one of Kazakhstan’s largest oilfields used innovative technology to per-form continuous field operations over 300 days, resulting in the acquisition of nearly 70,000 shot points covering 1,100 sq km of 3D data. State-of-the art recording equipment allowed up to 6,300 ac-tive channels within the complex field infrastructure.

Together, the three surveys delivered over 360,000 shot points and used resources from the entire Integra Group seismic division: AES, Integra Geophysics and the new JV formed with WesternGeco (Schlumberger).
Technical achievements in these projects in Kazakhstan were complemented by exceptional HSE performance.  In completing these surveys Integra achieved over 2.5 million incident free man-hours and over 4 million vehicle accident-free kilometers.

Notes to editors

About Integra

Integra Group is a leading FSU-based independent provider of onshore oilfield services and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies.
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 mar-ket and employs more than 15 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).

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Contacts

Integra Group 

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.