Sergey Gorkov, Director General of RosGeo, said:
- The signature of the Memorandum opens a new stage in collaboration between our countries in the area of geological exploration
- RosGeo has already the had experience in conducting seismic surveys on the Indian shelf, and now we are offering to the Geological Service to significantly expand the cooperation to include prospecting for solid minerals
- I am confident that our experience, competencies and advanced technologies will make a significant contribution to the exploration and development of the Indian mineral resource base
The parties agreed to cooperate in elaboration of a storage of geological and geophysical data, analysis and interpretation of airborne geophysical data, processing and reinterpretation of 2D seismic data.
RosGeo will cooperate with the GSI Marine and Coastal Research Service, and will also offer its services in the field of deep seismic exploration, magnetotelluric surveys and prospecting works using geochemical mapping.
The Russian Geological Holding and the Geological Survey of India also agreed to conduct joint research activities, exchange technologies and knowledge in the field of drilling, testing and laboratory analyzes.