24/05/2018

ROSGEO AND THE GEOLOGICAL SURVEY OF IRAN SIGNED AGREEMENTS ON CARRYING OUT WORKS ON THE TERRITORY OF THE REPUBLIC

Today, on the sidelines of the St. Petersburg International Economic Forum, JSC ROSGEO and the Geological Survey of the Islamic Republic of Iran signed the Geological Program for a contract for the performance of offshore geological prospecting works in the Iranian part of the Caspian Sea, as well as the Agreement of understanding for Aerogeophysical Research in the Territory of the State. The documents were signed in the presence of the Minister of Natural Resources and Ecology of the Russian Federation Dmitry Kobylkin, Deputy Minister of Industry, Mines and Trade of Iran Raziye Luk and General Director and Chairman of the Executive Board of JSC ROSGEO Roman Panov.

According to the first document, ROSGEO will conduct 2D seismic exploration works in the Iranian part of the Caspian Sea. The project should be implemented in a 4 year period.

The results will allow to solve the following geological problems: to study the geological structure of the basement, to delineate the deep faults of its surface, to estimate the thickness of the sedimentary cover, to visualize structurally the main unconformity surfaces, and to study fault tectonics, etc.

Availability of ideas about the geological structure of the territory will allow to draw conclusions about its oil and gas potential and outline further plans for geological prospecting works.

The second document that has been assumes carrying out aerogeophysical studies of the territory of Iran. The project implementation period - 3 years.

The aim of the research is to create a geological and geophysical basis for a deep prognosis of ore deposits based on the interpretation of geophysical field anomalies and the subsequent development of a geological prospecting works plan.

Both documents were signed on the Russian side by the Director General of JSC “Zarubezhgeologiya” - Director for Marketing and Foreign Projects of JSC ROSGEO Anastasia Afanasyeva, on the part of Iran - by Director of the Department of International Relations of the Geological Survey of the Republic Seyed Khadi Mirmohammad Meiguni.

“The market of geological prospecting works of Iran is extensive and very diverse in the types of research proposed. It meets both the interests and the capabilities of the multi-profile geological Holding JSC Rosgeo, - said Anastasia Afanasyeva. - For the Islamic Republic of Iran, it is more important than ever to develop, strengthen and expand the development of its own mineral and raw materials base such as hydrocarbon raw materials, as well as the most important industrial and precious metals, building materials and groundwater. I am confident that the experience and technology of Rosgeo will be in demand and will help the development of the mineral resources sector of the state”. 

 

RG-Inform, Press Center of ROSGEO JSC

ROSGEO is a Russian multi-industry geological holding company, which offers a full range of geological exploration services from regional surveys to stratigraphic drilling and subsoil monitoring. The holding company boasts unique expertise, particularly in marine geology and shelf operations.

ROSGEO was established by Decree No. 957 of the President of the Russian Federation dated 15 July 2011 on the basis of Tsentrgeologia, one of the oldest exploration companies in Russia. ROSGEO is a fully state-owned company.

The enterprises within the holding company operate in eight federal districts of Russia. ROSGEO has enterprises located across the country. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields such as the Astrakhan field (2.5 trillion cubic meters of natural gas), the Tengiz field (3.1 billion tonnes of oil), the Kovykta field (1.9 trillion cubic meters of natural gas), the Sukhoi Log deposit (about 2,000 tonnes of gold), the Kursk Magnetic Anomaly, and many others.

 ROSGEO’s subsidiaries have rich experience in implementing projects abroad: dozens of new fields and deposits have been discovered in Asia, Europe, Africa, and Latin America.

 ROSGEO clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron, and many others.