Mumbai, India, January 23, 2020. Sevmorneftegeophysica (SMNG), a subsidiary of Rosgeo, and Indian Oil and Natural Gas Corporation (ONGG) have signed a contract for 2D/3D marine seismic explorations on the continental shelf of India.

Through the tender conducted by ONGG at the end of 2019, the technical and commercial offer of SMNG was awarded as the best.

"Winning in the ONGG tender has once again demonstrated a high competence of our marine seismic exploration which successfully competes in the world market," — emphasized Sergey Gorkov, Director General and Chairman of the Board of Rosgeo. "The contract with ONGG is the largest foreign contract in the Rosgeo's history, which has particular importance for implementation of our strategy aimed at increasing a share of contracts outside Russia up to 30% of the company's revenue.”

Preparations for the field seismic explorations are currently in progress, which are planned to start during the first decade of February 2020. For these activities the Academic Primakov research vessel will be engaged.

The seismic explorations will be conducted on the three high-potential sites of the Mumbai oil and gas basin. The sites are situated in the Gulf of Cambay of the Arabian Sea: one site – on the north coast of the Gulf to the south of the Mahuva city; the other two sites – to the west of the Mumbai and Tarapur cities.

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Sevmorneftegeophysica JSC is the largest marine geophysical company in Russia. The company traces its history back to 1979. Using advanced technologies and state-of-the-art equipment Sevmorneftegeophysica provides a wide range of services around the world including 2D/3D marine seismic survey, digital processing of seismic data, integrated interpretation of geological and geophysical data.

Rosgeo is a Russian multi-industry geological holding company, which offers a full range of geological exploration services: from regional surveys to stratigraphic drilling and subsoil monitoring. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1,000 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.