Rosgeo and ARGAS will jointly develop mining exploration projects in Saudi Arabia

Abu Dhabi, November 18 – Neftegaz.RU. Rosgeo and the Arabian Geophysical and Surveying Company (ARGAS, Saudi Arabia) signed a Cooperation Agreement within the framework of the International Oil & Gas Exhibition and Conference ADIPEC-2021.

The agreement was signed by Sergey Gorkov, Director General of Rosgeo, and Moath Al Rawi, CEO of ARGAS.
Sergey Gorkov noted:

• I am confident that by combining the competencies of our 2 highly professional teams, we will be able to introduce innovations and set new standards in performing geophysical and geological operations at the global level

Moath Al Rawi commented:

• The agreement on the cooperation with Rosgeo is aimed at providing comprehensive integrated solutions for geological exploration and geological and geophysical surveys in Saudi Arabia for development of the Kingdom's natural resources as a solid economic foundation for our economy

The cooperation agreement covers maritime, terrestrial and transit geophysical operations, including:

• collection, processing and interpretation of the data
• geological exploration for solid minerals, including electric exploration, aerogeophysical, gravimetric and magnetometric surveys
• geological and technological mapping
• geochemical and engineering studies

The parties agreed to carry out the joint work both in Saudi Arabia and in other countries.
Earlier, in October 2021, within the framework of the visit of Alexander Novak, Russian Deputy PM, to Saudi Arabia, the parties signed an agreement on technical support of joint projects through Zarubezhgeologiya (a subsidiary of Rosgeo).