About Sekal
Sekal is an Energy & Utilities company based in Sandnes (Norway) founded in 2011, and was acquired by Halliburton in April 2026. It operates as a software solutions for drilling in oil gas industry. Sekal has raised $3.72 million across 2 funding rounds from investors including Sumitomo Corporation, Halliburton and Equinor. The company has 80 employees. Sekal offers products and services including Drillscene®, Drilltronics®, and DrillExpect®. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its legal entity is Sekal AS. Its competitors include Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
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.
- Annual Revenue$24.14 M (USD)16as on Dec 31, 2022
- Net Profit$5.65 M (USD)14as on Dec 31, 2022
- EBITDA$6.98 M (USD)13as on Dec 31, 2022
- Total Equity Funding$3.72M (USD)
in 2 rounds
- InvestorsSumitomo Corporation
& 4 more
- Employee Count80
- Acquired by
Products & Services of Sekal
Sekal offers a comprehensive portfolio of products and services, including Drillscene®, Drilltronics®, and DrillExpect®.
Real-time tool for drilling diagnostics and optimization in oil operations
System for automated drilling control and efficiency enhancements
Platform for predicting and optimizing drilling outcomes accurately
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.
- Total Funding $3.72M
- Total Rounds 2
- First Round $3.72M
(Jun 2011)
- Investors Count 3
All 2 funding rounds of Sekal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2013 | – | Series A | – | Aramco Ventures | – |
| Jun 2011 | $3.72M | Seed | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are targeted for investment by Aramco Ventures. | – | aramcoventures.com | Dhahran, Saudi Arabia | |
- | – | procomventure.no | - | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Diversified conglomerate operating across multiple industries | 1919 | sumitomocorp.com | Tokyo, Japan | |
Oilfield products and services are provided to the energy sector. | 1919 | halliburton.com | Houston, United States |
Investor details for Sekal
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People of Sekal
17 people are tracked at Sekal (6 in leadership, 1 in board & advisors, 10 in team); the tracked headcount is 80.
| Name | Role | Group |
|---|---|---|
Terje Eliassen | Chief Financial Officer | Leadership |
Eldar J. Bakka | Vice President - Projects | Leadership |
Jarle Vaag | Chief Commercial Officer | Leadership |
Egill Abrahamsen | VP Business Development | Leadership |
Morten Welmer | Chief Technology Officer | Leadership |
Aaron Brammer | Chief Operating Officer | Leadership |
Kjell-Erik Østdahl | Interim Executive Chairman | Board & advisors |
Olav Inge Frette | Principal numerical modelling engineer | Team |
stewart Mackinnon | Operations Manager UK | Team |
Trine Tidemann | HR Manager | Team |
Sajad Tamaddon | Research And Development Engineer | Team |
Jan Fredrik Løvik | IT Administrator | Team |
Sascha Schwartze | Sales Manager | Team |
Toby Bond | Drilling Advisor | Team |
Robert Brown | Senior Drilling Analyst | Team |
Deepak Singh | Senior Numerical Modelling Engineer | Team |
Israel Villanueva | R&d Project Manager | Team |
Complete people profiles for Sekal
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Sekal
5 dated milestones of Sekal across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Sekal is founded.
- Funding First funding round of $3.7M.
- Funding Latest funding round, Series A,.
- Exit Acquired by Sumitomo.
- Exit Acquired by Halliburton.
Competitors of Sekal
Sekal has 9 listed competitors in our database, 3 of them funded. They include Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nabors.com | 1952 | Bermuda | – | 10,000 | Cloud and app-based onshore and offshore drilling solutions are provided. | |
| pason.com | 1978 | Calgary, Canada | – | 187 | Integrated drilling data solutions are provided for real-time optimization. | |
| ulterra.com | 2005 | Fort Worth, United States | – | 294 | Manufacturer of polycrystalline diamond compact drill bits | |
| enhanced-drilling.com | 1987 | Straume, Norway | – | 81 | Technology solutions for drilling industry | |
| reelwell.com | 2004 | Stavanger, Norway | $12.2M | 14 | Dual Drill String technology solution for oil and gas drilling industry | |
| verdandetechnology.com | 2004 | Trondheim, Norway | $14.4M | – | Provider of real-time drilling decision support for oil and gas industry | |
| motivedrilling.com | 2015 | Dallas, United States | $10.5M | – | Machine intelligence is utilized for real-time directional drilling guidance. | |
| edrilling.no | 2008 | Stavanger, Norway | – | – | 3D simulation-based well-drilling software is developed for training and operations. | |
| scientificdrilling.com | 1969 | Houston, United States | – | 1,098 | Offers drilling motors, MWD systems, and wellbore surveying for energy sector. |
Detailed competitors of Sekal
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Web traffic of Sekal
The website of Sekal (sekal.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 85% vs previous month
Top companies in Oil & Gas Technology Solutions
10 companies that operate in the same segment as Sekal (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | – | 1,820 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Akershus, Norway | USD 225 M | USD 82.56 M | 931 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | – | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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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. The company's 1st funding round was a Seed of $3.72M, raised on Jun 2011.
Sekal has 80 employees.
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 offers Drillscene®, Drilltronics®, and DrillExpect®.
Sekal has 5 investors. Key investors include Sumitomo Corporation, Halliburton, Equinor, Aramco Ventures, and Procom Venture.
Sekal operates through Sekal As.
Yes. Sekal was acquired by Sumitomo in July 2019.