Seismo-Shelf Receives $5m From Allianz Rosno

Russia’s Allianz Rosno Asset Management has announced its most recent investment, a USD 5 million deal with marine research technology company Seismo-Shelf. The investment will be made via the Moscow-based USD 100 million New Technologies venture fund, which was established in 2009 to seek opportunities in emerging Russian technologies.

Allianz Rosno’s involvement will help continue the development of Seismo-Shelf technology, thus furthering Russia’s surveying of its sea shelf for the oil and natural gas industries.

Seismo-Shelf
Seismo-Shelf is a spin-off of EMMET, a Russian marine exploration company which first began developing the “dense seismic on sea floor“ technology. The Seismo-Shelf technology, which differs from traditional marine seismic measuring platforms, is expected to be well received by oil and gas companies in their exploration operations. The technology allows for measuring crosscut waves, increasing information gathering over platforms which measure only for-and-aft-waves.

Seismo-Shelf was established in January 2009 and is based in St. Petersburg

Allianz Rosno Asset Management (www.allianzrosno.ru)
Established in 2004, Allianz Rosno Asset Management provides management of individual and corporate assets. The firm is one of the top asset management companies in the Russian market, with USD 160 million under management. Working closely with Sistema Financial Corporation, the company has become the leader in asset management of private pension funds and corporate entities.