Rosneft Taps Integra's Manufacturing Division for 4 Drilling Rigs

Integra Group, a leading Russian independent provider of onshore oilfield services and manufacturer of oilfield services equipment, announced that its manufacturing division Uralmash-Burovoye Oborudovaniye has signed a contract with RN-Bureniye, a Rosneft subsidiary to manufacture four stationary drilling rigs. The order was received as a result of the earlier tender held by Rosneft.

The drilling rigs are expected to be used for exploration drilling.

Commenting on the deal Vitaly Tkachev, Integra's Executive Vice-president for Manufacturing, said, "We continue our cooperation with Rosneft. At present there are three rigs being manufactured by Uralmash-Burovoye Oborudovaniye for Rosneft under earlier contracts and four rigs are in the final assembly stages. Another five rigs are already successfully working at Rosneft's fields. This new agreement for four rigs shows that Rosneft continues to view us as a reliable and quality supplier.

"This new order demonstrates that demand for drilling equipment in Russia is still present. At the same time global economic changes have significantly increased the price competitiveness of domestic producers."