Abu Dhabi, UAE, November 15, 2021 – Rosgeo and the Arabian Geophysical and Surveying Company (ARGAS, Saudi Arabia) today signed a Cooperation Agreement within the framework of the International Oil and Gas Exhibition and Conference ADIPEC-2021. The agreement was signed by Sergey Gorkov, Director General and Chairman of the Governing Board of Rosgeo, and Moath Al Rawi, Chief Executive Officer of ARGAS. The signing ceremony was attended by Khalid Nouh, the Chairman of the Board of Directors of ARGAS. 

Sergey Gorkov, Director General of Rosgeo, said: "I am confident that by combining the competencies of our two 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, Chief Executive Officer of ARGAS, 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, Deputy Prime Minister of the Russian Federation, to the Kingdom of Saudi Arabia, the parties signed an agreement on technical support of joint projects through Zarubezhgeologiya (a subsidiary of Rosgeo).


RosGeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields. RosGeo is a fully state-owned company.

ARGAS is a leading international geophysical and geological expert offering a wide range of solutions to the clients in the energy sector, mineral exploration, geothermal, mining and oil and gas industries. Having studied the most significant natural deposits of the region, ARGAS implements the most modern technologies in the area of collection, processing and interpretation of geophysical data for the science on the Earth and energy.