Rosgeo and Arabian Geophysical & Surveying Company (ARGAS) (Saudi Arabia) have made a Memorandum of Understanding today, within the framework of the XXII International oil and gas exhibition and conference ADIPEC-2019. Sergey Gorkov, Director General, Chairman of the Board of Rosgeo on the one hand and Saad Saud Al Akeel, CEO of ARGAS, on the other hand signed the document.
Under the signed document, the Parties have agreed to develop cooperation for the joint participation in tender procedures and projects to be realized in the field of geological surveys.
The main areas for cooperation between Rosgeo and ARGAS will be the projects associated with seismic surveys in transit zones within the territories of Arabian Peninsula countries, Middle East and North Africa, land seismic surveys in Russia and CIS countries, non-seismic marine and land geophysical surveys, as well as sharing of advanced technologies in the production of geophysical equipment.
"The Memorandum reflects the Rosgeo's desire to considerably extend the range of international projects in the promising world's region," — Sergey Gorkov. "I am confident that joining the competences of high professional teams would make a significant contribution to the achievement of that strategic objective.”
"We are very pleased to announce the cooperation with Rosgeo in the field of seismic exploration in transit zones of the Middle East and land seismic exploration works in Russia," — Saad Saud Al Akeel. "I am positive that through concerted efforts we can achieve astounding results in the implementation of common projects in the strategic operation areas of two companies."
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