|
| LATTEST NEWS |
 |
|
9 March 2010
Integra Group announces 2009 operating performance and order book for 2010
 MOSCOW, March 3, 2010 – Integra Group (LSE:INTE), a leading FSU-based oilfield
service provider and manufacturer of oilfield services equipment, announced its
operating performance for full year 2009 and order book estimate for 2010.
2009 Operating performance update
In 2009, in absolute terms the level of demand for oilfield services was below
the levels of 2008. Lower demand for exploration and development activities was a key factor affecting
the scale of our operations in each division.
Drilling, Workover, IPM Division
|
|
2009 |
2008 |
chg |
|
Number of active drilling rigs (end of period) |
13 |
25 |
-48% |
|
Total drilling volume (‘000 meters) |
177 |
354 |
-50% |
|
Number of wells drilled |
96 |
174 |
-45% |
|
Number of workover crews (avg. for the period) |
101 |
113 |
-10% |
|
Number of workovers performed |
3 763 |
3 549 |
6% |
|
Workover crew hours billed (‘000 crew hours) |
809 |
800 |
1% |
Technology Services Division
|
|
2009 |
2008 |
chg |
|
Number of cementing operations |
790 |
618 |
28% |
|
Number of coil tubing operations |
345 |
144 |
140% |
|
Number of wells completed with directional drilling service |
167 |
85 |
96% |
|
Downhole motors produced |
432 |
904 |
-52% |
|
Turbines produced |
47 |
64 |
-27% |
Formation Evaluation Division
|
|
2009 |
2008 |
chg |
|
Number of seismic crews |
31 |
42 |
-26% |
|
Seismic shot points made |
694 487 |
782 350 |
-11% |
Equipment Manufacturing Division
|
|
2009 |
2008 |
chg |
|
Rigs in production (end of period) |
13 |
23 |
-43% |
|
- of which drilling rig assembly units |
8 |
14 |
-43% |
|
Rigs commissioned to the Customer |
14 |
20 |
-30% |
|
- of which drilling rig assembly units |
6 |
6 |
0% |
|
Cementing complexes produced |
6 |
19 |
-68% |
The operating data in this release is based on management assessment and only
includes selective metrics which can be distinctly quantified in non-monetary
terms. This disclosure does not represent the full scope of operations as it does
not include some services such as Integrated Project Management and other services
and products which are too small or too diverse to be aggregated. Reported figures
might be subject to adjustment during the preparation of Integra Group’s financial
statements for 2009.
2010 Order book update
As of March 1, 2010, the Group had signed contracts in the amount of US$ 528.9
million (RR 16.4 billion) in revenue for services and equipment to be delivered
to customers during 2010. The total order book, which in addition to the signed
contracts includes the value of business won in tenders but not yet contracted,
is US$ 691.2 million (RR 21.52 billion).
The Group is still in the active stage of contracting for 2010 which implies
that current order book does not yet provide an accurate indication of revenues
in 2010.
2010 Order book (as of March 1, 2010)
|
FX 31RR/$ |
Contracts signed* |
Tenders won,
contracts not yet
signed |
Total order book |
|
|
US$ (m) |
RR (bn) |
US$ (m) |
RR (bn) |
US$ (m) |
RR (bn) |
|
Drilling, Workover, IPM |
233,3 |
7,23 |
106,6 |
3,40 |
339,9 |
10,63 |
|
Technology Services |
92,0 |
2,85 |
14,4 |
0,45 |
106,4 |
3,30 |
|
Formation Evaluation |
145,5 |
4,51 |
21,9 |
0,68 |
167,4 |
5,19 |
|
Equipment Manufacturing |
48,2 |
1,49 |
19,4 |
0,60 |
67,6 |
2,09 |
|
Other |
9,9 |
0,31 |
0,0 |
0,0 |
9,9 |
0,31 |
|
TOTAL |
528,9 |
16,40 |
162,3 |
5,13 |
691,2 |
21,52 |
*Signed contracts may be subject to renegotiation of volumes and/or other terms
or even cancellation, and both signed contracts and tenders won may not proceed
as originally planned at all.
|
|
|
