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|Investment Date||March 2004|
|Share Capital Held||2.4 %|
ARKeX Limited carries out geophysical surveys for oil, gas and mineral deposits using airborne gravity gradiometry technology.
The technology uses minute variations in the earth's gravitational field to pinpoint, from an aeroplane, oil, gas and mineral deposits buried deep underground or offshore. This is a technological breakthrough which enables hundreds of kilometres to be covered in a single day. It can be used to carry out surveys over inaccessible terrain such as mountains and jungles without causing environmental damage. In these areas, traditional seismic survey techniques would be both difficult and prohibitively expensive.
ArkeX services include the FTGeX gravity gradiometer which allows smaller or more deeply buried features to be surveyed and imaged than has been possible before. Airborne gravity gradiometry data is of comparable quality to land gravity data but is much faster and logistically easier to acquire. This service obtains and integrates data packages over the survey area providing regional and detailed exploration information which enables an improved processing and interpretation capability.
Following a successful fundraising in June 2008, ARKeX accelerated the development of its Exploration Gravity Gradiometer (EGG), the most advanced ever operated and expanded the operational capabilities of its BlueQube gravity gradiometry imaging.
Arkex's offerings are not limited to the oil and gas industry but can be used, amongst others, in diamond mining and the defence industry, detecting underground structures and navigating ships and submarines.
During 2009 ARKeX won significant contracts from Sonatrach, the state oil company of Algeria, and for the first marine BlueQube survey, off the western coast of Greenland.
Eurovestech co-investors include Scottish Equity Partners, RWE Dynamics (part of the German RWE Group which includes oil company RWE-Dea), and Nova Technology Partners, whose partners include Shell, BP, Hess, Chevron Texaco, Talisman, Kerr McGee and Total.