Exebenus
Exebenus is a Norwegian SaaS company providing physics-based AI drilling optimization software to international and national oil and gas operators. Its Spotter platform uses machine learning on real-time surface sensor data to prevent stuck pipe incidents, optimize rate of penetration, and detect vibration across 1,400+ deployed wells globally.
- Company typePrivate
- Founded2014
- HeadquartersStavanger, Norway
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Exebenus does
Exebenus is a Norwegian B2B SaaS company founded in 2014, headquartered in Stavanger, that provides physics-based AI software for drilling optimization to the global oil and gas industry. The company's core product, Spotter, applies machine learning models trained on real-time surface sensor data (hookload, weight-on-bit, RPM, torque, bit depth, mud pressure, flow rate) to detect drilling hazards and optimize rate of penetration without requiring downhole measurement tools. Spotter is structured as a multi-agent system comprising three specialized agents: the Stuck Pipe Agent (which monitors three friction signatures to pre-warn over 96% of stuck pipe incidents with hours of advance notice), the ROP Agent (which provides continuous RPM/WOB/flow rate recommendations delivering 20-50% ROP improvement), and the Vibration Agent (which detects stick-slip patterns from surface torque/RPM signals). Agents coordinate in real time so that optimizing drilling speed does not create risk elsewhere. The platform works across basins and well types without retraining or historical offset data, deploys live within 72 hours, and integrates with WITS/WITSML data infrastructure, with outputs (ECD estimates, stick-slip probabilities) written back to standard industry logs.
The company serves international and national oil companies (IOCs and NOCs) through an enterprise field sales motion organized by region (Americas, Europe, Southeast Asia, MENA), supported by offices in Stavanger, Houston, Kuala Lumpur, and Muscat, and supplemented by a strategic channel partnership with Kongsberg Digital announced in November 2025 that integrates Spotter agents into Kongsberg's SiteCom platform. Revenue is generated via annual SaaS subscriptions deployed per rig or wellbore on a quote-based sales process with no public pricing. Exebenus has deployed across 1,400+ wells globally, including 491 Middle East wells, 294 SE Asia wells, 207 North Sea wells, 179 North America wells, 112 Latin America wells, 96 Africa wells, and 25 India wells, and has published seven technical papers documenting its ML methodology between 2023 and 2025. The leadership team consists of drilling industry veterans (including co-founders Olav Revheim as CEO and Paal Bekkeheien as Executive Chairman) combined with PhD-level data scientists, with a headcount in the 11-50 range.
Exebenus firmographics
Firmographics- Name
- Exebenus
- Legal name
- Exebenus AS
- Website
- https://exebenus.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Exebenus is a Norwegian SaaS company providing physics-based AI drilling optimization software to international and national oil and gas operators. Its Spotter platform uses machine learning on real-time surface sensor data to prevent stuck pipe incidents, optimize rate of penetration, and detect vibration across 1,400+ deployed wells globally.
- Ownership category
- akta.pro rank
Exebenus industry classification
Industry- Product category
- Drilling Optimization Software
- NAICS
- Drilling Oil and Gas Wells (213111)
- SIC
- Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where Exebenus is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Offices4 records
Markets served
Exebenus business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel
Revenue model
- Spotter Platform Subscription: SaaS subscription model for the Spotter platform providing access to ML agents for drilling optimization and hazard prevention. Deployed per rig or wellbore with 72-hour live deployment time.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription for oil and gas operators |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Exebenus product offering
Product offeringCore offering
Exebenus sells Spotter, a SaaS AI platform that processes surface sensor data from drilling rigs in real time to detect developing hazards (stuck pipe, stick-slip vibration, hole cleaning issues) and recommend drilling parameter optimizations. The platform comprises three coordinated ML agents (Stuck Pipe Agent, ROP Agent, Vibration Agent) and is sold via annual subscriptions deployed per rig or wellbore, with 72-hour live deployment.
Product overview
Exebenus offers Spotter, a predictive AI platform for drilling operations comprising three specialized ML agents that work together: Stuck Pipe Agent, ROP Agent, and Vibration Agent. Spotter uses existing surface sensor data to reveal developing patterns in drilling data—preventing hazards like stuck pipe and stick-slip while optimizing rate of penetration. The platform is plug-and-play, requires no historical data, and works across basins without retraining. Agents communicate with each other in real-time so that optimizing speed never creates risk elsewhere.
Differentiator
Problem solved
Functional benefit
Brands
- Spotter: AI-driven predictive drilling software platform that reveals patterns developing in drilling data in real-time, preventing hazards and optimizing performance
Products and services
- Spotter Spotter is a predictive AI platform for drilling operations that processes real-time surface sensor data (hookload, WOB, RPM, torque, bit depth, mud pressure, flow rate) to detect developing hazards and recommend parameter optimizations. It comprises three coordinated ML agents (Stuck Pipe Agent, ROP Agent, Vibration Agent) and is sold via annual SaaS subscriptions deployed per rig or wellbore to oil and gas operators globally. Live deployment is achieved in 72 hours without requiring historical data or configuration.
Quantifiable outcome
- >96% of stuck pipe incidents pre-warned
- +5 more outcomes
Companies that use Exebenus
Customer profileNamed customers8 records
Segments1 record
Ideal customer profiles1 record
Exebenus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature5 records
Exebenus partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Kongsberg DigitalcoreStrategic partnership to integrate Exebenus Spotter ML agents (Stuck Pipe Agent and ROP Agent) into Kongsberg Digital's SiteCom platform. The integration provides plug-and-play deployment enabling operators to be up and running within days. Spotter outputs can be visualized using Kongsberg's SiteCom Discovery and SiteCom Live tools. The partnership leverages Kongsberg's data collection, contextualization, and visualization platform combined with Exebenus' ML agents for drilling optimization and hazard prevention.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Exebenus competitors and assessment
Company assessmentBroad incumbents
- Halliburton: Halliburton is a major oilfield services company with DecisionSpace and iCruise drilling optimization suites. Competes through integrated software/service bundles within its broader portfolio and deep IOC/NOC relationships.
- NOV (National Oilwell Varco): NOV provides drilling equipment (including IntelliServ downhole network) and adjacent drilling optimization software. Overlapping drilling performance capabilities, but with a primarily equipment-focused business model that bundles software differently.
- Weatherford International: Weatherford provides drilling services and software solutions for upstream operators. Overlapping drilling optimization capabilities, but embedded in a broad oilfield services and equipment portfolio rather than as a standalone SaaS.
- SLB (Schlumberger): SLB is the largest oilfield services company with the DELFI cognitive E&P platform and DrillOps drilling optimization suite. Offers overlapping drilling AI capabilities, but as part of a much broader portfolio and primarily bundled with other services.
Direct peers
- PDS Energy: PDS Energy delivers drilling data management and software solutions to upstream operators. Comparable SaaS-style drilling data platform with similar enterprise customers across the well lifecycle.
- Well Data Labs: Well Data Labs (formed from merger of Peloton and others) is a drilling data analytics platform serving operators. Directly comparable drilling AI/data SaaS targeting similar IOC/NOC customers and focused on performance optimization.
- ROGII: ROGII provides StarSteer directional drilling and well planning software for upstream operators. Overlapping SaaS-style delivery and drilling optimization focus with comparable enterprise customer profiles.
- DrillDocs: DrillDocs provides drilling optimization software and services for upstream operators, with overlap in drilling performance analytics, predictive recommendations, and real-time decision support for safer, faster drilling.
- Corva: Corva is a SaaS AI drilling optimization platform serving oil & gas operators with real-time analytics and predictive insights. Very similar business model, customer base (IOCs/NOCs), and product scope to Exebenus's Spotter, making it the closest direct comparable.
Emerging players
- Welligence: Welligence is an oil & gas asset analytics platform with focus on upstream production and asset data. Adjacent rather than directly competitive, but increasingly relevant as operators consolidate drilling and production analytics vendors onto fewer platforms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Exebenus social profiles
Digital presenceExebenus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Exebenus leadership team
Management profileNumber of profiles
Profiles12 records
Exebenus funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Exebenus M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Exebenus
What does Exebenus do?
Exebenus sells Spotter, a SaaS AI platform that processes surface sensor data from drilling rigs in real time to detect developing hazards (stuck pipe, stick-slip vibration, hole cleaning issues) and recommend drilling parameter optimizations. The platform comprises three coordinated ML agents (Stuck Pipe Agent, ROP Agent, Vibration Agent) and is sold via annual subscriptions deployed per rig or wellbore, with 72-hour live deployment.
Is Exebenus a public or private company?
Exebenus is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Exebenus founded?
Exebenus was founded in 2014. It employs 11 to 50 people.
Where is Exebenus based?
Exebenus is headquartered in Stavanger, Norway, in the Europe region.
How does Exebenus make money?
One revenue line is on record: spotter Platform Subscription.
Who are Exebenus's main competitors?
Broad incumbents on record are Halliburton, NOV (National Oilwell Varco), Weatherford International and SLB (Schlumberger). Direct peers are PDS Energy, Well Data Labs, ROGII, DrillDocs and Corva. Welligence is listed as an emerging player.
Does Exebenus have an API?
No public API is recorded for Exebenus.
What industry is Exebenus in?
Exebenus's product category is Drilling Optimization Software. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 213111 and its SIC code is 1389.