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Integra Group divests assets of OOO TSZ

Integra Group announces the sale of OOO TSZ which owns the assets of former Tyumen Shipbuilding Plant for RR773 million (US$26.7 million) to OOO Monolit held by DOM Group, one of the largest real-estate developers in Tyumen. The proceeds from the sale will be used for general corporate purposes of …

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Integra secures a new credit line to refinance its short-term debt and finance the development of the Company’s business

Integra Group secured a new credit line in the West-Siberian Bank of Sberbank of Russia in the amount of RR 6 billion. The tenor of the line is 7 years, with repayment starting from the 5th year of the loan. The loan is secured by equity stakes in two operating …

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

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 …

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Integra Group deploys enterprise risk management solution Impact ERM Suite

Integra Group has launched the deployment of Impact ERM® Suite software which is designed to prevent and timely resolve incidents in the area of quality, health, safety & environment (QHSE) management. This is the first time in history when the Russian version of this software will be used. The software …

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Integra Group is conducting geophysical surveys in the transition zone waters of Lake Zaisan

Integra Group has launched geophysical surveys in the transition zone waters of Lake Zaisan in Eastern Kazakhstan. The purpose of the seismic surveys is to search for oil and gas deposits for Kazakh company TOO Tarbagatai Munai. Integra will utilize 200 people of its staff for the project and will …

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Integra completes GDR Buyback Program of US$ 25 million

Integra Group, a leading FSU-based diversified oilfield services provider, announces the completion of a GDR buyback program launched on 28 October 2010 (the “Program”). As part of the program, the Company has purchased a total of 7,260,054 GDR’s for US$ 25 million at an average price of US$3.44/GDR. The amount …

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