Halliburton (NYSE: HAL) and Sumitomo Corporation today announced that Halliburton acquired Sekal AS, a global leader in digital drilling autonomy and, prior to Halliburton’s acquisition, was a fully owned subsidiary of Sumitomo Corporation.
The successful conclusion of the transaction marks a significant milestone for Halliburton, Sekal, and Sumitomo. The latter company supported Sekal’s growth, strengthened governance, and positioned the company for its next phase of evolution. This acquisition advances Halliburton’s strategy to strengthen its drilling automation services and maximize customer asset value.
The acquisition combines Halliburton’s LOGIX® automation and remote operations with Sekal’s advanced DrillTronics® automation platform and services to deliver a comprehensive and industry-leading drilling automation portfolio. The combination of these solutions with Halliburton’s LOGIX® Automated Geosteering service unlocks the potential to further increase reservoir contact in the most consistent and efficient manner. This integration supports seamless automated control and optimization of drilling operations, integrating well placement, wellbore hydraulics, and rig operations in real time.
Said company Vice-President Jim Collins, “This acquisition rapidly expands our automation capabilities and delivers industry-leading digital solutions that lower well construction costs, increase recovery, and reduce operational risks for our customers.”
HAL shares opened Wednesday lower by 30 cents to $38.69.
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