ABGSC acted as Financial Advisor to Exebenus in a capital raise directed towards Sumitomo Corporation

ABGSC acted as Financial Advisor in relation to Sumitomo Corporation’s acquisition of an ownership stake in Exebenus. Exebenus provides a software solution enabling digitalized information exchange for planning and execution of drilling and completion operations in the oil and gas industry, providing all parties with real time information. In addition, by utilizing real-time data, machine learning and data analytics, the software recognizes and validates activities during drilling operations. Exebenus was founded in 2014 and has experienced strong growth.
Exebenus embraces and enforces Sumitomo Corporation’s vision of creating the future of autonomous drilling. Sumitomo Corporation, a Fortune Global 500 company, accelerates the contribution to safer and more cost-effective drilling and completion operations in the oil and gas industry by introducing state-of-art digital technology.