Srei Infrastructure Finance Ltd, Quippo Oil and Gas Infrastructure Ltd and JSC Rosgeo, a Russian geological holding company, on Wednesday signed a co-operation agreement at the Eastern Economic Forum.
The agreement was signed in the presence of prime minister of India, Narendra Modi, and president of Russia Vladimir Putin.
As per the agreement, the parties intend to develop cooperation in the fields of land and marine geophysical work in India (including seismic exploration in transit zones), airborne geophysical, gravity and magneto metric studies, drilling operations (including deep and super deep drilling) in both India and Russia, as well as design well construction and maintenance.
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Rosgeo and Quippo also plan to develop cooperation in the field of comprehensive development services, intelligent drilling, supply of equipment for logging and directional drilling, as well as supply of Russian-made equipment for geological exploration for hydrocarbons and solid minerals in India. Rosgeo and Quippo intend to determine the initial projects as a part of joint work and develop specific cooperation mechanisms for each of them.
Source: Economic Times
