Integra Group, an independent provider of onshore oilfield services and
manufacturer of cementing equipment and certain specialized equipment used in the
exploration, development and production of oil and gas, said Thursday its unit
Azimut Energy Services launched a transition zone seismic survey in the Caspian
Sea off the coast of western Kazakhstan for TOO Korned.
MAIN FACTS:
-This will be the pilot project of the joint venture, IG Seismic Services,
between Integra and WesternGeco, the seismic business segment of Schlumberger
(SLB).
-The 3D-survey will cover an area of 225 square kilometer of which 75% lies in
the transition zone with conditions that significantly restrict the use of
standard equipment; Such conditions include deep mud and flooding from the Caspian Sea during prevailing Western winds.
-Project will be completed within four months.
-Shares of Integra Group at 1129 GMT down 1.94 pence or 1.4%, at 137 pence,
valuing the company at GBP384.1 million.