Akselos has secured funding from technology accelerator, the Oil and Gas Technology Centre (The OGTC), to advance research and development in to digital twin technology for the oil and gas industry.
The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it successfully secured and executed 28 contracts in 2018.
The company has provided an update on operations at its Balcombe, Brockham and Lidsey oil and gas assets.
Australasia and Indian subcontinent most attractive in the region for investors.