Today on the sidelines of St. Petersburg International Economic Forum RosGeo and Zarubezhneft have signed a cooperation agreement. Sergey Gorkov, Director General, Chairman of the Board of Rosgeo, and Sergey Kudryashov Strukov, Director General of Zarubezhneft signed this document.

The partners intend to expand the cooperation in the field of exploration, development, personnel, technology, legislative sphere.

They will set up a special working group to elaborate the detailed implementation of the program areas of cooperation.

“The international activity is an important component in the Holding operation, - said S. Gorkov. - We can see for ourself the phenomenal growth potential in expanding the presence at the foreign markets. As a perspective, we consider the opportunities to revitalization of the participation in the global market of marine seismic surveys and on-land geophysical service. The cooperation with Zarubezhneft should greatly contribute to development of these activities for the benefit of our national interests".

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RosGeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations.

RosGeo was established following the Decree of the President of the Russian Federation of July 15, 2011, No. 957 on the basis of Tsentrgeologiya, an oldest Russian geological enterprise. Rosgeo is a fully state-owned company.

The enterprises within the Holding company operate in all eight Federal Districts of Russia. A total of more than 1000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields.

Zarubezhneft is Russian oil and gas company of strategic importance, which has a rich history and a unique 50-year experience in foreign trade. The list of completed projects includes the operations on Vietnamese shelf in a joint venture Vietsovpetro, development of fields in the Nenets Autonomous District in a joint venture RUSVIETPETRO and PSA on Kharyaga field, application of the technologies in development of fields on Cuba and operations in the segment “Refining and marketing"on the territory of the Republic of Serbs (Bosnia and Herzegovina).