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Integra brochure
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November 24, 2014

Integra Group has won the OJSC RN-Nyaganneftegas tender for well logging services

       On 24 November, LLC Geophyzservis is part of Integra Group won the tender at the same time for two large OJSC RN-Nyaganneftegas lots for long-term wireline logging and operations in well services

As part of a three-year contract as of 1 January, 2015,  until the end of 2017 wireline logging and operations in well services are scheduled in open hole and cased-hole oil wells in  Krasnoleninsk oil fields (Khanty–Mansi Autonomous Okrug).
      To perform operations at RN-Nyaganneftegaz under this project Integra Group plans to engage the best project professionals and form additional eight full-service geophysical parties with state-of-the-art and high-tech equipment. In the region LLC Geophyzservis has a developed infrastructure which was formed for decades:  up-to-date processing and interpretation data center is in operation, there are a lot of production yards, metrological station which ensures high quality performance of the planned operations.
      Commenting on the outcome of the tender Integra Group Vice President for wireline logging and operations in wells I.G.Namazov said: “We highly appreciate JSC RN-Nyaganneftegaz trust.  Geophyzservis has performed almost all scope of works for nearly four decades in Krasnoleninsk oil fields.  And the company has now returned the market which historically belonged to it in very tough competition. 
       It is important to emphasize that the victory in the tender was due to the presence of highly qualified professionals in Geophyzservis with wide experience in similar projects, as well as proper infrastructure in the region which meet all customers’ requirements and essential for up-to-date logging services. During the validity period of long-term contract Integra Group plans to make additional investments in this project to further improve the services provided, consolidation of the partnerships with JSC RN-Nyaganneftegaz, and in general, the development of its geophysical assets in other regions.

 

Background

Integra Group was founded in 2004, provides integrated oilfield services and manufactures specialized tools for the exploration, development and production of oil and gas. Integra Group is represented in all major oil and gas producing regions of Russia and many other CIS countries. Among the Integra Group customers there are major Russian and international oil and gas companies. Integra Group consolidated 18 strategic acquisitions to become one of the leading companies operating in the field of oilfield services and manufacturing equipment for the oil and gas industry in Russia and the CIS. There are about 9,000 employees in Integra Group.

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Some of the information presented in this press release may contain projections or other estimates regarding future events or the future financial performance of Integra Group. Such estimates of future events can be identified by the words and phrases such as “expect”, “suppose”, “foresee”, “estimate” “intend”,  “in the future”,  “could”,  “may” or "might”, negative forms of such terms or other similar expressions. These estimates are only predictions and actual events or results may differ substantially. Integra Group has no intentions and does not undertake to update these estimates due to events and circumstances occurring after the date hereof, due to the unanticipated events. Many factors could cause actual results to differ significantly from those in the projections Integra Group or its estimates in respect of future events, including, without limitation, general economic and market conditions, the competitive environment for Integra Group, risks associated with having operations in Russia, rapid technological and market fluctuations, and other factors specifically related to Integra Group and its activities.