Russian seismic contractor Rosgeo and oil company Lukoil have signed memoranda of understanding (MoUs) with Equatorial Guinea’s Ministry of Mines & Hydrocarbons, write Barry Morgan and Vladimir Afanasiev.

Rosgeo's MoU covers airborne geophysical operations over offshore transition zones and the deep water, while Lukoil's documents outline terms for its possible participation in development projects.

The accords were announced in the Black Sea resort of Sochi during the Russia-Africa Summit which convened this week.

Rosgeo subsidiary JSC Zarubezhgeologia will pursue opportunities for long-term cooperation in geological exploration, including regional 2D and 3D seismic surveys, the processing and interpretation of gravity and magnetic data, electrochemical, geochemical and engineering studies.