Moscow/Tashkent, June 9, 2020 – RosGeo and Uzbekgeophysika, an authorized company of the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources, today signed a contract for rendering of geological services in refinement of the geological model, exploration of hydrocarbon potential of the Aral Sea and adjacent territory on the basis of analysis and summarization of archival geological and geophysical data, geochemical studies and basin modeling.
“The signed contract is the first stage of a large-scale program of our work in Uzbekistan aimed at significant growth of the country resource potential,” - said Sergey Gorkov, General Director – Chairman of the Board of RosGeo. “I am confident that the highly professional team of RosGeo will make a significant contribution to development of the mineral and raw materials base of Uzbekistan, and our partnership will become an example of successful economic cooperation between our countries."
The contract was signed pursuant to the Agreement on cooperation in the area of subsurface management on efficient use of mineral resources for development of regional economic potential in the Republic of Uzbekistan, signed on February 27, 2020 between RosGeo and the State Committee of Uzbekistan on Geology and Mineral Resources.
Following the resolution of the Cabinet of Ministers dated 23 April 2020 RosGeo was appointed to be the contractor in the Program for geological exploration of the hydrocarbon potential in the Aral Sea and the surrounding areas.
In the purposes of implementation of the program and development of other areas of cooperation RosGeo established in Uzbekistan a subsidiary - ROSGEO UZBEKISTAN, which will be headed by Botir Khodzhaev, who until February 2020 held the position of the Minister of Economy and Industry of Uzbekistan.
