Sekal

Sandnes, Norway Founded: 2011 • Age: 15 yrs Acquired By Halliburton
Software solutions for drilling in oil gas industry
Annual revenue $24.1M Latest available
Total funding $3.7M 2 rounds
Employees 80 Tracked headcount
Investors 5 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Sekal

Sekal is a company based in Sandnes (Norway) founded in 2011 was acquired by Halliburton in April 2026. Sekal has raised $3.72 million across 2 funding rounds from investors including Sumitomo Corporation, Halliburton and Equinor. The company has 80 employees as of December 31, 2021. Sekal offers products and services including Drillscene®, Drilltronics®, and DrillExpect®. Sekal operates in a competitive market with competitors including Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.

  • Headquarter Sandnes, Norway
  • Employees 80 as on 31 Dec, 2021
  • Sectors
    Energy & Utilities
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Sekal As
Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $24.14 M (USD)
    16
    as on Dec 31, 2022
  • Net Profit
    $5.65 M (USD)
    14
    as on Dec 31, 2022
  • EBITDA
    $6.98 M (USD)
    13
    as on Dec 31, 2022
  • Total Equity Funding
    $3.72 M (USD)

    in 2 rounds

  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    80

    as on Dec 31, 2021

  • Acquired by
    Halliburton

    & 1 more

    (Apr 01, 2026)

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Products & Services of Sekal

Sekal offers a comprehensive portfolio of products and services, including Drillscene®, Drilltronics®, and DrillExpect®.

Product name locked
Category locked
Primary

Real-time tool for drilling diagnostics and optimization in oil operations

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System for automated drilling control and efficiency enhancements

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Platform for predicting and optimizing drilling outcomes accurately

People of Sekal

Headcount 10-50
Employee Profiles 16
Board Members and Advisors 1
Employee Profiles
People
stewart Mackinnon
Operations Manager UK
People
Terje Eliassen
Chief Financial Officer
People
Eldar J. Bakka
Vice President - Projects
People
Jarle Vaag
Chief Commercial Officer

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Board Members and Advisors
people
Kjell-Erik Østdahl
Interim Executive Chairman

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Funding Insights of Sekal

Sekal has successfully raised a total of $3.72M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Sekal

Sekal has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Sumitomo Corporation, Halliburton and Equinor.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage startups are targeted for investment by Aramco Ventures.
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-
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Investor details for Sekal

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Investments & Acquisitions by Sekal

Investments
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Investment portfolio details for Sekal

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Financial Statements - Sekal

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Detailed financials for Sekal

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Sekal Comparisons

Sekal Primary company
Description
Software solutions for drilling in oil & gas industry
Location
Sandnes, Norway
Founded Year
2011
Annual Revenue
$24.14 M (USD)
Net Profit
$5.65 M (USD)
EBITDA
$6.98 M (USD)
Employees
80
As of 2021
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Peer comparison for Sekal

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Sekal

Sekal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.

Company Name Domain Founded year HQ Location Description
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Integrated drilling data solutions are provided for real-time optimization.
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Manufacturer of polycrystalline diamond compact drill bits
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Technology solutions for drilling industry
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Dual Drill String technology solution for oil and gas drilling industry
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Provider of real-time drilling decision support for oil and gas industry
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Detailed competitors of Sekal

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Latest news on Sekal

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Complete news archive for Sekal

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Frequently Asked Questions about Sekal

Sekal was founded in 2011.

Sekal is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.

Sekal is a funded company, having raised a total of $3.72M across 2 funding rounds to date.

As of Dec 31, 2021, the latest employee count at Sekal is 80.

Annual revenue of Sekal is $24.14M as on Dec 31, 2022.

Sekal was founded in 2011 and is headquartered in Sandnes, Norway. Operations are centered on software development for the oil and gas sector, with a focus on drilling automation. Real-time dynamic monitoring systems and integrated processes for drilling operations are provided. Services support automation needs in exploration and production activities across the industry.

Sekal's top competitors include Nabors, Pason and Reelwell.

Sekal offers Drillscene®, Drilltronics®, and DrillExpect®.

Sekal has 5 investors. Key investors include Sumitomo Corporation, Halliburton, Equinor, Aramco Ventures, and Procom Venture.

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