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July 25, 2011

IG Seismic Services Limited (IGSS), a joint venture of Integra Group and Schlumberger established a single computing center

On July 25, IG Seismic Services Limited, the joint venture of Integra Group and Schlumberger, completed formation of an onshore and offshore seismic data processing and interpretation center. The single network includes four operational centers in Russia and Kazakhstan, located in Moscow, Tyumen, Tomsk and Almaty. A unique workspace has been created that combines the computing power of several service businesses, and enables them to widely use the principles of remote collaborative work under common projects of specialists from different cities, as well as to combine regional and international expertise in data processing and interpretation. Due to highly skilled personnel, significant processing power and advanced technology, the single computing center allows IGSS to solve geological tasks of any complexity and provide high quality data to the wide range of customers.
“For the IGSS joint venture the creation of the single computing center opens up new vistas with regard to expanding our share in the seismic services market. Now we have the opportunity to carry out integrated projects covering a complete range of services - from field seismic surveying to geological modeling and issuing drilling recommendations. This means that our customers can now work with us based on "one stop shop" principle, that is to deal with one contractor who is responsible for all stages of the project”, –  said Antonio Campo, Chief Executive Officer, Integra Group.       


The single computing center operates on the basis of OOO GeoPrime and AO Geostan - subsidiaries of IG Seismic Services Ltd. The headcount is more than 130 people. There are more than 50 workstations, the center uses more than 180 terabyte disk space, and the total processing power is more than 1100 CPU’s. This is one of the highest indicators for companies doing business in seismic data processing and interpretation in the CIS countries. In addition, the center applies unique solutions of WesternGeco, which have no analogues in Russia and allows to obtain the most reliable information during seismic data processing and interpretation (account of the influence of the upper part of geological section by CIP tomography, model based multiple attenuation technique, wide azimuth data processing, as well as other solutions). Also, the final stage of preparation for the center unification included training for regional subdivisions’ employees to use advanced software products of WesternGeco, Schlumberger such as Omega and Petrel.
IG Seismic Services Ltd. is the joint venture established in October, 2010 as a result of merging seismic assets of Integra Group (75%) and Schlumberger (25%). The combined capacity of the joint venture includes land and transition zone seismic acquisition, processing and interpretation assets as well as the relevant software.
Integra Group is a leading FSU-based independent diversified oilfield services provider 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 market and employs almost 15,000 people. Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).



For additional information please contact:

Integra Group  

Andrei Machanskis
Head of Investor Relations 
Tel. +7 495 933 0621

Konstantin Schwarzkopf
Vice President for Public Relations
Tel. +7 495 933 0621


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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