ARKeX Raises New Equity from 4D Global Energy Advisors
ARKeX, the leading provider of non-seismic geophysical imaging services, raised $15m in new equity from 4D Global Energy Investments, an investment vehicle managed by 4D Global Energy Advisors, a Paris-based growth capital investor that specialises in the energy sector.
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 capitalize 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.
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