«    2017    »
july
august
september
october
november
december


Integra brochure
(pdf - 1.6 mb)


April 22, 2013

Yamal LNG and Integra Group sign a multi-year service contract

MOSCOW, April 22, 2013 – Integra Group (LSE: INTE) announces that it has signed a multi-year service contract with JSC Yamal LNG. The agreement covers development drilling services to be provided at the South-Tambeyskoye field on the Yamal peninsula on a day-rate basis. The contract was signed by Integra Group’s subsidiary Integra-Drilling and has a duration from 2013 to 2018.
 
Commenting on the transaction, Integra’s CEO Felix Lubashevsky said:
“Long term contracts bring stability and predictability to our relationship with our customers and allow us to better plan our operations, investment and financing. This particular contract will provide for the stable utilization of our drilling crews for the next five years and will fully recover our planned investment of approximately US$30 million into brand new drilling equipment earmarked for this project. For our customer, such agreement secures access to drilling capacity in an environment of re-emerging deficit of spare OFS equipment and personnel.”
 
 
Note to editors
 
About Yamal LNG:
 
JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), is implementing a project, which envisages the construction of a liquefied natural gas (LNG) plant with annual capacity of over 16 million tons based on the feedstock resources of the South-Tambeyskoye field located on the Yamal peninsula.
 
About Integra Group:
Integra Groupis a 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. Since establishment in 2004, Integra Group has, through 18 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian and CIS market. Integra Group employs nearly 8,000 people. Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE). 
 
***
Contacts
 
Integra Group
 
 
Andrey Machanskis
Head of Investor Relations
Tel. +7 495 933 0621
- END-
 
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.