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GK «GEO»

Registration: Russia Moscow
Main Products/Services: Geological and technical research and gas logging, sale of specialized equipment for geophysical research and perforating-blasting operations in wells

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Description:

The GEO group of companies was created by a group of managers with the aim of uniting the efforts of small innovative enterprises and groups of specialists to create modern geotechnologies , high-tech equipment and equipment for the oil and gas industry that could successfully compete in the market with similar imported products.

The process of forming the holding began in 2006 and was completely completed in 2011. In a sense, the new company can be considered young, but its experience is the combined path of experienced professionals. And today the GEO Group of companies holding company is one of the Russian leaders in the field where, speaking essentially, it is not easy to hold the championship. The holding gradually united several enterprises engaged in research, production of equipment and services. Such a combination made it possible to optimally manage the creation of new equipment at all stages - from setting the task to testing and serial production, and also allowed integrating the efforts of experienced highly qualified specialists: designers, electronics, programmers, technologists, managers.

Currently, there are five companies in the GEO Group of Companies, each of which solves its own set of tasks to achieve a common goal. The technologies used for directional drilling (MWD), logging while drilling (LWD), equipment and special equipment for well logging are import-substituting products that are comparable to the developments of foreign companies in quality and functionality, successfully competing in price.

Group structure

Closed Joint-Stock Company GEO Group of Companies
registered in Moscow and provides management and management of subsidiaries that are located in different parts of the CIS.

  • Scientific and Production Association "Geomash", Tyumen
  • Experimental Design Bureau "Rery", Novosibirsk
  • Service company "Cut", Megion

One of the main advantages of the GEO Group is the simplicity of its structure, and, as a result, the speed and mobility of decision-making. Signing of contracts and coordination with shareholders occur as soon as possible. The council meets once a quarter, and authoritarian decision-making is ruled out on it. All shareholders are current managers who themselves develop a market, technological and production policy and implement it themselves in practice. This is a guarantee of the viability and success of the Group of Companies.

If we talk about the distribution of forces, then the main production capacities of the company are concentrated in Tyumen, research and development bureaus are located in Kiev and Novosibirsk, service companies are located in Megion. Such a wide geography is due to the history of the formation of the company, which gradually joined the new units.

Several years of activity have shown the correctness of the chosen strategy - despite the unfavorable external economic factors, the GEO Group is confidently moving forward. Its customers at an affordable price receive equipment and equipment made at a high technical level. The company's product line is quite wide - and such a diversified production allows the production to work non-stop and optimally load production capacities throughout the year.

Mission and history

In the 1990s, a geophysical industry crisis broke out in Russia - Russian companies could not compete with foreign companies and lost to them. The struggle was with varying success - organizations united, changed, ceased to exist. Many highly qualified specialists decided for themselves that they created their own small firms with a narrow specialization. These are the companies that the GEO Group united. The stake was made on the fact that a holding with an extensive resource base is easier to “survive” and develop. The calculation turned out to be correct.

General Director of GEO Group Malania T.G. This is the meaning of the essence and mission of the GEO Group “Compared to the world market, of course, we are not doing anything radically new so far, but we are still making small revolutions within Russia. We work with technologies that no one in the country possesses - we analyze what is most in demand in the oilfield services market, for example, in the segment of directional drilling , research in horizontal wells , we carry out a full R&D cycle and offer all interested companies to purchase ready-made technologies or rent equipment on time fulfillment of the contract. Yes, foreign companies have these developments, but they do not sell them to external consumers. Our difference is that we sell products to everyone without exception. Our products are available to those who want to successfully compete in the oilfield services market.

One of our “super tasks” is the revival of geophysical instrumentation , which has been in decline for a long time. Among our employees are first-class specialists and excellent managers with vast experience and knowledge of all the nuances of geophysics. Our goal is not to make instant profit, but to build a strong company, one of the leaders in the sphere of stable income, where there would be excellent conditions for all employees.