OGZD.L Regulatory News (OGZD)

8 May 2007 13:31

Integra Group08 May 2007 FOR IMMEDIATE RELEASE Integra Group to manufacture drilling rigs for Gazprom MOSCOW, May 8, 2007 - Integra Group (LSE: INTE) announces today that itsmanufacturing division Uralmash - Burovoye Oborudivaniye (Yekaterinburg) hassigned a contract with Gazcomplektimpeks to manufacture eleven heavydrilling rigs for delivery to Gazprom. Commenting on the deal Valery Golubev, Deputy Chairman of the Management Boardof Gazprom, said: "Uralmash-Burovoye Oborudovaniye" is a Russian producer with a sound reputation,experience and traditions. Their high-tech and modern products will allow us torenew our rig fleet and boost drilling volumes. We are sure that this deal willlay the foundation for mutually beneficial cooperation in the long-term." Vitaly Tkachev, Integra Group's Executive Vice President for EquipmentManufacturing and President of Uralmash VNIIBT commented: "We take pride in this sizeable deal. This record contract is expected to createnew opportunities for our businesses, stimulating significant investment inengineering designs and the development of a new line of products embracingRussian and foreign technologies. We believe that it will reinforce our positionin the oil and gas equipment manufacturing market." Notes to editors: Integra Group is a leading Russian independent provider of onshore oilfieldservices and is also a leading manufacturer in the Russian Federation ofdrilling rigs with heavy lifting capacity, cementing equipment and certainspecialized equipment used in the exploration, development and production of oiland gas. Integra Group operates in the drilling, workover, seismic and geophysics sectorsand manufactures oilfield services equipment. Integra has oilfield servicesoperations in all major oil and gas producing regions in Russia and in manyother CIS countries. The company's customer base includes major Russian andinternational oil and gas companies operating in Russia and CIS. Established in March 2004, Integra Group has, through 14 strategic acquisitions,become one of the leading companies in the oilfield services and equipmentmanufacturing sectors of the Russian market and employs approximately 18,500people. Since February 27, 2007 Integra Group has been traded on the London StockExchange (symbol: INTE). - ENDS- Forward looking statements: These materials contain statements about futureevents and expectations that are forward-looking in nature. Any statement inthese materials that is not a statement of historical fact is a forward-lookingstatement that involves known and unknown risks, uncertainties and other factorswhich may cause actual results, performance or achievements expressed or impliedby such forward-looking statements to differ. We assume no obligations to updatethe forward-looking statements contained herein to reflect actual results,changes in assumptions or changes in factors affecting these statements. For additional information please contact: Alla Sapun Integra Group Tel. +7 495 933 0621 Press Secretary asapun@integra.ru http://www.integra.ru This information is provided by RNS The company news service from the London Stock Exchange