Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s eponymous oil producer, has invested an undisclosed amount into Sekal, a Norway-based oil and gas drilling software and services company.
Noway state-owned oil major Statoil, alongside SåkorninVest, a seed fund managed by Procom Venture, have also backed Sekal, which is commercializing two software solutions, DrillScene and DrillTronics, used in drilling operations where rigs have real time data streaming capabilities.
Both products were developed by the International Research Institute…
