Rosgeo, Srei Infrastructure Finance Limited and Quippo Oil and Gas Infrastructure Ltd (India) have made an Agreement of Cooperation within the Eastern Economic Forum, today. Director General, Chairman of the Board of Rosgeo, and Sunil Kanoria, Deputy Chairman of the Board of Directors, signed the document.

Under the Agreement, the Parties intend to develop their cooperation in the land and marine geophysical surveys in India (including seismic surveys in transit zones), airborne geophysical, gravity and magnetometer measurements, drilling operations (including deep and ultra-deep drilling) in the both countries, as well as, well site design, construction and service.

"The Agreement reflects our commitment to the Rosgeo's strategy, which is focused on a considerable increase in the proceeds from international projects and creation of new partnerships," — Sergey Gorkov. "We are confident that our cooperation with Srei and Quippo would be long-term and mutually beneficial and make a real contribution to the development of trade and economic ties between Russia and India."
"Our company, as one of largest diversified corporations in India, is constantly seeking for new opportunities to develop our business and create partnerships around the globe," — Sunil Kanoria. "We believe that the partnership with Rosgeo would be mutually beneficial and further strengthen the trade relations between India and Russia.”

Rosgeo and Quippo are also intent on promoting the cooperation in comprehensive services of field infrastructure development, intellectual drilling, delivery of equipment for well logging and horizontal directional drilling, and Russian equipment for geological exploration for raw hydrocarbons and sold minerals in India.

As agreed, this autumn, Rosgeo and Quippo intend to define pilot projects as part of the joint work and to develop specific cooperation mechanisms for each project.


Rosgeo 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 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.

Srei Infrastructure Finance Limited (Srei)a Kanoria Foundation entity, is one of the India's leading institutions, which constantly and consistently delivers comprehensive innovative solutions in the infrastructure sector of India. Over thirty years, the company has played a significant role in the development of the Country, urban and rural areas. The Company has key competence and expertise in the infrastructure and investment-banking advisory services, solutions structuring and syndication, fund management, insurance and brokerage services. Through the awareness of risks inherent in the infrastructure sector the company provides its customers with comprehensive solutions for achieving their objectives in a most effective way.

Quippo Oil and Gas Infrastructure Ltd is one of India's leading and fast-growth drilling companies offering its services in drilling, seismic survey, integrated project management and equipment rental. Quippo Oil and Gas Infrastructure founded in 2005, delivers comprehensive services for land drilling using the up-to-date drilling rig systems.