Dewey & LeBoeuf has advised London-listed Integra Group, a leading Russian provider of onshore oilfield services, on the combination of IGSS Services Limited with Geotech Holding, one of Russia’s foremost land seismic companies.

IGSS Services Limited is a land and transition zone seismic company created as a joint venture with US energy giant Schlumberger in 2010. Following completion of the merger, Integra will hold 36%, Schlumberger will hold 12%, and Geotech will hold 52% of the entire enlarged issued share capital of IGSS. The companies intend to seek admission of GDRs of the combined business to the London Stock Exchange in connection with a spin-off of securities in the combined business to their respective eligible shareholders.

London Partner Prakash (PK) Paran commented: “This was a complex and demanding, but satisfying transaction which will create one of the world’s largest land seismic companies, valued at around US$600 million.”

Alongside Mr. Paran, the Dewey & LeBoeuf team was led by Partners James Lewis, Roman Dashko and Brian Zimbler, supported by teams in both London and Moscow that included Associates Nataliya Luchnikova, Alex Woodfield, Sergei Orlov and Inna Krutoyarskaya. The Dewey & LeBoeuf team worked closely with Integra’s financial advisor, Morgan Stanley.