The Joint-Stock Company “ROSGEO” is a unique company that is designed to solve system problems in the Russian geological industry. ROSGEO traces its history back to October 19, 1918. That was the day when the Supreme Council of National Economy decided to establish the Moscow Representative Office of the Geological Committee (Geolcom), later transformed into Tsentrgeologia, which ROSGEO is the successor of.
Pursuant to Decree No. 957 of the President of the Russian Federation dated July 15, 2011, Tsentrgeologia was renamed as ROSGEO and became the center of formation of a geological holding, which currently consists of 63 specialized state-run enterprises. Pursuant to the Decree, the Joint Stock Company ROSGEO was included into the list of strategic enterprises and strategic joint-stock companies, approved by Decree No. 1009 of the President of the Russian Federation dated August 4, 2004 “On Approval of the List of Strategic Enterprises and Strategic Joint-Stock Companies”.
Thereupon, the Joint-Stock Company “Zarubezhgeologia” was included into the Holding – Decree No. 103 of the President of the Russian Federation dated February 21, 2014 “On the Development of the Open Joint-Stock Company ROSGEO”. In the frame of implementation of Decree No. 81 of the President of the Russian Federation dated February 19, 2015 “On the Development of the Open Joint Stock Company ROSGEO”, shares of 15 more geological enterprises were added to the Authorized Capital of the Joint-Stock Company ROSGEO as a contribution of the Russian Federation.
On the part of the Government of the Russian Federation, the Company’s work is supervised by A.G. Khloponin, Deputy Chairman of the Government of the Russian Federation, whose powers, according to the Order of the Chairman of the Government of the Russian Federation D.A. Medvedev dated May 19, 2014, cover coordination in the field of natural resources and nature management.
ROSGEO is currently the largest geological exploration company in Russia in terms of geography of presence. The enterprises within the Holding company operate in eight Federal Districts of Russia. After the accession of a number of enterprises pursuant to the Decrees of the President of the Russian Federation, the Holding is represented in 40 regions of the country.
ROSGEO is a fully state-owned company.
The Holding offers a full range of geological exploration services from regional surveys to parametric drilling and subsoil monitoring. The holding company boasts unique expertise, particularly in marine geology and shelf operations.
63 Subsidiaries of ROSGEO are united into 5 functional clusters, which makes it possible to optimally use production and management resources.
ROSGEO is the only contractor of the Government order for activities aimed at replacing mineral reserves of the Russian Federation.
For the time of their work, the companies of the Holding have discovered more than 1000 fields and deposits, including major hydrocarbon and solid mineral deposits and fields such as the Astrakhan field (2.5 trillion cubic meters of natural gas), the Tengiz field (3.1 billion tonnes of oil), the Kovykta field (1.9 trillion cubic meters of natural gas), the Sukhoi Log deposit (about 2,000 tonnes of gold), the Kursk Magnetic Anomaly, and many others.
ROSGEO’s subsidiaries have rich experience in implementing projects abroad: dozens of new fields and deposits have been discovered in Asia, Europe, Africa, and Latin America. ROSGEO clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron, and many others.