{"id":652367,"date":"2013-04-15T07:41:36","date_gmt":"2013-04-15T11:41:36","guid":{"rendered":"http:\/\/www.pehub.com\/?p=196285"},"modified":"2013-04-15T07:41:36","modified_gmt":"2013-04-15T11:41:36","slug":"saudi-aramco-energy-ventures-backs-sekal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652367","title":{"rendered":"Saudi Aramco Energy Ventures Backs Sekal"},"content":{"rendered":"

Saudi Aramco Energy Ventures<\/strong>, the venture arm of Saudi Aramco<\/strong>, has put an undisclosed amount of money into Sekal AS<\/strong>, a provider of support and automation software for the oil and gas industry. Details of the financing were not disclosed. Sekal is based in Sandnes, Norway, with offices in Aberdeen and Houston. Other owners in the company include IRIS<\/strong>, Statoil Technology Invest<\/strong>, and S\u00e5korninVest<\/strong>.<\/p>\n

PRESS RELEASE
\n<\/strong>Saudi Aramco Energy Ventures LLC (\u201cSAEV\u201d), the corporate venturing subsidiary of Saudi Aramco, today announced the closing of an investment into Sekal AS, a company that offers real time decision support and automation software, together with related consultancy and support services to the oil and gas industry.<\/p>\n

The company is commercializing two software solutions, DrillScene and DrillTronics, used in drilling operations where rigs have real time data streaming capabilities. DrillScene is a self\u2010calibrating system that provides real\u2010time early warnings of impending problems in drilling operations. The driller can respond quicker to take corrective actions, reducing down\u2010time and improving performance. DrillTronics provides added automation and safeguard features to existing drilling control systems and actively controls key elements of the operation, such as draw\u2010work, top\u2010drive and mud pumps.<\/p>\n

CEO of SAEV, Ibrahim Buainain said: \u201cWe are delighted to announce SAEV\u2019s latest investment. We believe Sekal\u2019s technology is truly superior to competing alternatives in the market, and will have a significant impact in increasing efficiency, reducing downtime and reducing costs in Saudi Aramco\u2019s drilling operations.\u201d<\/p>\n

About Saudi Aramco Energy Ventures \u2010 Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), the world\u2019s leading integrated energy company. Headquartered in Dhahran with operations in North America and Europe, SAEV\u2019s mission is to invest globally in start\u2010ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco.<\/p>\n

For more information about SAEV, please visit www.aramcoventures.com<\/p>\n

About Sekal \u2013 Sekal supplies solutions that employ real time data from a rig to perform advanced monitoring and automated drilling by utilizing advanced models. The solutions provide value by early detection of downhole condition deterioration, either as a monitoring service or as a fully integrated solution with the drilling control system. The result is a safer and more efficient drilling process. The company was incorporated in 2011 with headquarters in Sandnes, Norway, and offices in Aberdeen and Houston. The main owners are IRIS, Statoil Technology Invest, S\u00e5korninVest and now Saudi Aramco Energy Ventures.<\/p>\n

The post Saudi Aramco Energy Ventures Backs Sekal<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Saudi Aramco Energy Ventures, the venture arm of Saudi Aramco, has put an undisclosed amount of money into Sekal AS, a provider of support and automation software for the oil and gas industry. Details of the financing were not disclosed. Sekal is based in Sandnes, Norway, with offices in Aberdeen and Houston. Other owners in […]<\/p>\n","protected":false},"author":7427,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652367","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7427"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652367"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652367\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}