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Integra Group contracted to manufacture heavy drilling rigs for Rosneft
Integra Group (LSE: INTE) announces today that its manufacturing
division Uralmash – Burovoye Oborudovaniye (Yekaterinburg) has signed
а contract with RN-Bureniye (subsidiary of Rosneft) to manufacture
four heavy drilling rigs. The rigs are targeted for delivery in 2008.
Integra won the contract through a competitive tender process. According
to the terms of the tender Uralmash –Burovoye Oborudovaniye has
received the right to supply three more drilling rigs in 2009-2010, the
terms for this part of the deal are subject to further negotiations and
documentation.
Two of the rigs will be delivered to the Vankorskoye field (Krasnoyarsk
region) and the other two will be delivered to Western Siberia.
Representatives of Integra Group’s manufacturing division visited the
Vankorskoye field at the end of July to analyze working conditions for
the equipment already supplied under a prior contract which was signed
in 2006. Initial discussions regarding future cooperation with Rosneft
were also held at such meeting.
Commenting on the deal Vitaly Tkachev, Integra Group’s Executive Vice
President for Equipment Manufacturing and President of Uralmash-VNIIBT
commented:
“We are pleased to have signed the contract to supply equipment for
Rosneft. This contract, along with the one previously signed with
Gazprom several months ago, demonstrates that equipment under the
Uralmash-Burovoye Oborudovaniye brand is in growing demand. We continue
to make significant efforts to meet the requirements of our customers
including in particular: monitoring of the equipment’s condition,
providing after-sale service, continuously improving design as well as
quality of individual units and materials.”
More information: www.uralmash-vniibt.com
Integra Group is a leading Russian
independent provider of onshore oilfield services and is also a
leading manufacturer in the Russian Federation of drilling rigs with
heavy lifting capacity, cementing equipment and certain specialized
equipment used in the exploration, development and production of oil
and gas.
Integra Group operates in the drilling,
workover, seismic and geophysics sectors, integrated project
management and manufactures oilfield services equipment. 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 today unites over 40 oilfield services and manufacturing
companies servicing oil and gas industry of Russia and the CIS.
Integra Group employs approximately 19,000 people. Since February 27,
2007 Integra Group has been traded on the London Stock Exchange (symbol:
INTE)
Posted July 31, 2007
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