Geotech Holding, the parent of IG Seismic Services (IGSS) penned the three-year deal with Gazprom Neft to conduct the work over 5000 square kilometres of acreage by 2015.

“The agreement envisages conducting seismic exploration, processing and interpretation of geophysical data, and provision of expert recommendations,” London-listed IGSS said on Monday.

“Within the agreement framework, the high definition seismic exploration will cover some potentially productive deposits belonging to Gazprom Neft.

“These