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ARKeX Enter into Exclusive Deal for Enhanced Gravity Gradiometers

Source: www.gulfoilandgas.com 9/1/2013, Location: Europe

ARKeX, the leading provider of non-seismic geophysical imaging services, has entered into an exclusive 10 year agreement with Lockheed Martin to provide ARKeX with the next generation Full Tensor Gravity Gradiometers (eFTG) which will be available for airborne and marine geophysical surveying.

ARKeX’s multi-instrument agreement will increase existing capacity and forms an integral part of the growth strategy for the Company. The eFTG’s will offer a significant improvement in resolution over the current instrumentation and further enhance geological understanding. The improved resolution will give ARKeX the ability to develop new products and services for the natural resource exploration industry. This will not only allow new resources to be discovered but also reduce exploration timelines and costs.

Gravity gradiometry measures variations in the earth’s gravitational field and is a direct measure of the density distribution of the subsurface. The information can help to build a picture of subsurface anomalies, which can then be used by natural resource exploration companies to more accurately target hydrocarbon and mineral deposits.

John Siegfried, ARKeX CEO, commented, “We are really excited about this exclusive agreement; the new eFTG’s will help ARKeX cement its position as the global leader in gravity gradiometry surveying. We have been working with Lockheed Martin for a number of years and we have been impressed by their professionalism, responsiveness and approach to pushing the boundaries of this exciting technology. This strategic agreement will not only benefit ARKeX and Lockheed Martin, but the whole exploration industry.”

Dr. James Archibald, general manager, Lockheed Martin Gravity Systems, added “Lockheed Martin is delighted to enter into this exclusive, long-term agreement with ARKeX to offer the exploration community the world’s most advanced gravity gradiometer system.”

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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