Srei Infrastructure Finance Limited, Quippo Oil and Gas Infrastructure Limited JSC Rosgeo have signed a cooperation agreement at the Eastern Economic Forum in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin. The document was signed by Mr. Sunil Kanoria, Vice Chairman, Srei and Mr. Sergey Gorkov, General Director – Chairman of Rosgeo, a SREI release said.
As per the agreement, the three signatories intend to develop cooperation in the fields of land and marine geophysical work in India (including seismic exploration in transit zones), airborne geophysical, gravity and magneto metric studies, drilling operations (including deep and super deep drilling) in both India and Russia as well as design well construction and maintenance.
Rosgeo and Quippo also plan to develop cooperation in the field of comprehensive development services, intelligent drilling, supply of equipment for logging and directional drilling, as well as supply of Russian-made equipment for geological exploration for hydrocarbons and solid minerals in India. Rosgeo and Quippo intend to determine the initial projects as a part of joint work.
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JSC Rosgeo is a Russian geological holding company which provides a full range of services related to geological exploration: from regional studies to parametric drilling and monitoring of the state of the subsoil. Its competencies include marine geology and offshore operations.