OREANDA-NEWS. On 31 March 2009 Integra Group (LSE:INTE), a leading Russian independent provider of onshore oilfield services, announced that it has signed a one-year integrated project management (IPM) agreement with Vankorneft, a Rosneft subsidiary. The agreement covers construction of wells, as well as cementing, directional drilling and other technology services at the Vankorskoye field in Eastern Siberia. The contracts were signed by Integra Group’s subsidiary Smith Production Technology.

Integra Group has more than three year previous experience of working with Rosneft at the Vankorskoye field offering general contractor and integrated management solutions with total volume of provided services already exceeding RUB 5.2 billion (USD  153 million).

Commenting on the deal Lev Goldenberg, Integra’s Executive Vice-president for Drilling, Workover and IPM, said:

“We have a successful track record of working with Rosneft at the field since 2006. This particular contract, which amounts to over RUB 3.4 billion (USD 101 million), would be considered a success in the past booming years, in the current challenging market environment it is a major achievement.”

“We appreciate Rosneft’s business and their high regard for the quality of our services and our facilities in general and will take every effort to execute this contract in the best possible manner.”