logo
Share SHARE
FONT-SIZE Plus   Neg

Integra Group Enters Into Multi-year Service Contract With JSC Yamal LNG

Integra Group (INTE.L) announced that it has signed a multi-year service contract with JSC Yamal LNG. The agreement covers development drilling services to be provided at the South-Tambeyskoye field on the Yamal peninsula on a day-rate basis. The contract has a duration from 2013 to 2018.

Integra's CEO Felix Lubashevsky said, "Long term contracts bring stability and predictability to our relationship with our customers and allow us to better plan our operations, investment and financing. This particular contract will provide for the stable utilization of our drilling crews for the next five years and will fully recover our planned investment of approximately US$30 million into brand new drilling equipment earmarked for this project. For our customer, such agreement secures access to drilling capacity in an environment of re-emerging deficit of spare OFS equipment and personnel."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Tesla Motors Inc. (TSLA) has launched a new referral program for owners and new buyers of its Model S, as the electric car maker aims to boost sales with the latest marketing strategy. Tesla's referral program offers new buyers a discount of $1,000 if they order a new Model S using the referral link... Marriott reported a 25 percent jump in quarterly profit, topping analysts' estimates, as customers flocked to its hotel properties, driving up occupancy and room rates. The hotel chain provided weak earnings outlook for the current quarter, but lifted its expectations for 2015... Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit fell 9% from last year, as higher costs and expenses more than offset a 39% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
Follow RTT