ARKeX raises £15m

ARKeX, a provider of non-seismic geophysical imaging services, has raised $15m in new equity from 4D Global Energy Investments, an investment vehicle managed by 4D Global Energy Advisors.

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, said, ‘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.’