Integra Group Will Conduct Seismic Surveys for Tengizchevroil
OREANDA-NEWS. On 13 April 2009 was announced, that Azimut Energy Services (AES) – a subsidiary of Integra Group [LSE:INTE] – had signed a contract to conduct 3D seismic surveys for Tengizchevroil (TCO) in the Tengiz and Korolev fields in Western Kazakhstan.
The total acreage exceeds 1,000 square kilometers and the survey is planned to be completed in 2010. Azimut is expected to utilize 350 of its seismic staff for this project.
Similar to surveys conducted by AES on behalf of TCO in 2001 and 2003, AES looks forward to executing this work program in an environmentally sound and safety conscious manner.
To meet the high technical specifications for this project AES will upgrade its existing equipment and invest in new geophysical ground equipment. AES has developed a strategic partnership with Sercel
Commenting on the agreement with TCO, Chris Einchcomb, Integra’s Executive Vice-President for Geophysics, said:
“We are delighted that our expertise was recognized by TCO in this significant contract. Winning this job consolidates Azimut’s position as the industry leader in the
“Winning the TCO contract follows Integra’s success in securing a significant volume of work for ENI’s and Enel’s Russian venture SeverEnergiya for 2008/09 and demonstrates our growing reputation with international consortiums operating in the CIS.”
“This latest agreement also demonstrates that demand for seismic exploration remains solid, despite the challenging oil price outlook for the energy producers.”
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