Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) has on the 18th July acquired a stake in Sekal AS to further strengthen and accelerate our market strategy and products development within real time dynamic analytics and drilling automation for the oil & gas sector. Sumitomo Corporation press release.
Combining Sumitomo’s strength, expertise and global footprint with the already established Sekal ecosystem based on over two decades of research in close cooperation with our other main shareholders including Saudi Aramco Energy Ventures, NORCE, Equinor Technology Ventures, and SaakornInvest II, Sekal welcomes this opportunity to further strengthen our global growth ambition and to accelerate our software product and technology development.
Sekal is presently integrating DrillTronics on to multiple offshore harsh environment drilling rigs and are also expanding DrillScene technology to a significant number of drilling operations, both onshore and offshore. We are extremely happy for this opportunity to become part of Sumitomo Corporation and look forward to combine and optimize the strengths from our two companies in the years to come.
For further information, please contact Sekal CEO, Sveinung Lofthus, email@example.com