The new investment will enable ARKeX to expand its full tensor gravity gradiometry (FTG) multi-client data library and proprietary services.
John Siegfried, ARKeX CEO, commented, “During the past few years ARKeX has seen more and more adoption of the products and services we deliver from the use of the FTG technology. The technology is being deployed in some of the world’s most challenging environments and different geologies. This new investment will help ARKeX capitalise on this growth and expand into new territories and alternative modes of operation.”
Founding Partner of 4D Global Energy Advisors, Jérôme Halbout, commented, “ARKeX was first recommended to us by its clients. We believe they have the people and technology to become the leading non-seismic geophysical service company in the Oil & Gas industry globally. Our investment in ARKeX reflects our confidence that the company has the ability to transform the way exploration is conducted, reducing time-to-drilling and finding costs and increasing the exploration success of ARKeX’s clients”.
Jérôme Halbout has joined the ARKeX Board as a non-executive director alongside the existing investors Energy Ventures, Ferd and SEP.
About ARKeX
ARKeX is a provider of non-seismic geophysical imaging services for the oil & gas exploration industries. It is backed by Energy Ventures, Ferd, 4D Global Energy Investments and SEP. ARKeX specialises in the acquisition of multi-client and proprietary Full Tensor Gravity Gradiometry (FTG) data. FTG surveys measure minute variations in the earth's gravitational field to help image subsurface structures. FTG has a much higher bandwidth and delivers a higher resolution image than conventional gravity surveys. It can be used as a stand-alone service or in conjunction with seismic data. ARKeX can also process and interpret conventional gravity and magnetic data as well as brokering multi-client non-seismic data. Based in Cambridge, UK, ARKeX has offices in Sherington, UK, Houston, USA, and has global operational capabilities.
www.arkex.com
About 4D Global Energy Advisors
4D Global Energy Advisors S.A.S. (4DGEA) is a Paris-based investment management company that specialises in the energy sector, providing growth capital to companies active in the global hydrocarbons industry. Since 2003, 4DGEA’s funds have provided over US$350m of capital and industry expertise to small to medium-sized companies in established niche positions in each of the upstream, midstream, downstream and technology and services segments of the industry.
www.4dgea.com
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