Sumitomo Corporation acquired a stake in Sekal from Equinor Technology Ventures.

Sumitomo Corporation, one of the largest worldwide Sogo shosha general trading companies, acquired a stake in Sekal, a software technology company offering real-time dynamic analytics and automated drilling process control for the oil & gas sector, from Equinor Technology Ventures, a venture capital firm. Financial terms were not disclosed. Together with Sekal, who embrace a vision of shaping the future of automated drilling, Sumitomo Corporation looks forward to supporting further development of Sekal technology to bring further efficiency and safety to the Oil and Gas development.