13/01/2014

Rosgeology Completed the Consolidation of 37 Enterprises On the Balance Sheet of the Holding Company

Ownership rights to shareholdings in 14 geological exploration enterprises were obtained by Rosgeology: OJSC VolgaGeology, OAO Georegion, ZapsibgeolSemka, KavkazgeolSemka, Chitageologorazvedka, Irkutskgeofizika, Sevmorgeo, Dalgeofizika, OAO Petersburg Complex Geological Expedition, Sevzapgeologiya OJSC, Tsentrkvarts OJSC, Buryat Center for Regional Geological Works OJSC, VNIIGeofizika OJSC, Geocenter-Moscow OJSC. Thus, the process of consolidating 37 enterprises listed in Presidential Decree No. 957 of 15.07.2011 "On Open Joint-Stock Company Rosgeology" into a single holding was completed.

"We, as promised, completed this process by 2014," said General Director of Rosgeology Roman Panov. "An inventory has been carried out for all 37 enterprises, we understand the real state of affairs on them, the existing problems. The ways of their solution are described in the Development Strategy of the holding company developed until 2020. The main points of growth are also identified there. The document received principled support from Rosnedra and the Ministry of Natural Resources. It is important now to coordinate the Strategy with the Government and start implementing it. "

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Rosgeology is a Russian multidisciplinary geological holding company that provides a full range of services related to geological exploration: from regional studies to parametric drilling and monitoring of subsoil conditions. The holding possesses unique competencies, in particular, in the field of marine geology and offshore work.
Rosgeology was established by the Decree of the President of the Russian Federation of July 15, 2011. No. 957 on the basis of one of the oldest geological exploration enterprises in Russia - "Centergeology". 100% of the capital of Rosgeology is owned by the state.
The enterprises of the holding work in all eight federal districts of Russia. Rosgeology includes 37 enterprises in 30 regions of the country. In total, the holding company has opened more than 1,000 deposits, including the largest hydrocarbon deposits and solid minerals such as Astrakhan (2.5 trillion cubic meters of gas), Tengiz (3.1 billion tons of oil), Kovykta (1.9 trillion cubic meters of gas) , Dry Log (about 2 thousand tons of gold), Kursk magnetic anomaly and many others.
The enterprises of Rosgeology have rich experience in implementing projects abroad: dozens of open fields in Asia, Europe, Africa and Latin America.
Rosgeology clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron and many others.