Rockwell Automation and Schlumberger finalise Sensia oil and gas joint venture
Rockwell Automation and Schlumberger have finalised a joint venture agreement to create Sensia, the oil and gas industry’s first fully integrated automation solutions provider. The new partnership combines Rockwell Automation’s integrated control and information solutions with Schlumberger’s oil and gas expertise to provide measurement solutions, domain expertise, and automation to the oil and gas industry.
Sensia: Rockwell Schlumberger joint venture
Rockwell Automation, the world’s largest company dedicated to industrial automation and information, and Schlumberger, the world's leading provider of technology for reservoir characterisation, drilling, production, and processing to the oil and gas industry, have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider.
The Sensia Rockwell Schlumberger collaboration is the first fully integrated provider of measurement solutions, domain expertise, and automation to the oil and gas industry. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. From intelligent systems to fully engineered life-cycle management automation solutions, the joint venture will help customers drive efficiency gains through measurement and data-driven intelligent automation.
Sensia oil and gas solutions
“Oilfield operators strive to maximise the value of their investments by safely reducing the time from drilling to production, optimising output of conventional and unconventional wells, and extending well life,” said Blake Moret, Chairman and CEO, Rockwell Automation.
“Currently, no single provider exists that offers the end-to-end solutions and technology platform that address these challenges. Sensia will be uniquely positioned to connect disparate assets and reduce manual processes with secure, scalable solutions that are integrated into one technology platform.
“As oil and gas producers strive to improve productivity, we will bring the value of the Connected Enterprise to life for them. Sensia will provide complete lifecycle and process automation solutions from well to terminal, including industry-leading oilfield technology and expertise,” said Moret.
“Sensia will create a leading technology provider that will further drive optimisation of E&P oilfield assets,” said Paal Kibsgaard, Chairman and CEO, Schlumberger. “This joint venture is the next step in our vision to offer our customers smart, connected devices with rich diagnostic capabilities, coupled with measurement, automation and analytics that improve oilfield operations, facilitate business decisions and reduce total cost of ownership throughout the life of a field.”
Industrial-scale digitalisation and seamless automation
Under the terms of the agreement, the Sensia oil and gas venture will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Sensia is expected to generate annual revenue of $400 million, and will employ approximately 1,000 team members serving customers in more than 80 countries, with global headquarters in Houston, Texas.
The management team will be led by Allan Rentcome, currently Director Global Technology - Systems and Solutions Business at Rockwell Automation, who will serve as Chief Executive Officer. With the Sensia joint venture receiving final ratification in early October 2019, the project can now begin in earnest.
“Sensia will make industrial-scale digitalisation and seamless automation available to every oil and gas company so their assets can operate more productively and profitably,” said Rentcome. “It will make oil and gas production, transportation and processing simpler, safer, and more secure.”
For more information, visit www.sensiaglobal.com.
Rockwell Automation is the largest company in the world that is dedicated to industrial automation and information. Across the globe, our flagship Allen-Bradley® and Rockwell Software® product brands are recognized for excellence. Our keen focus on technology innovation, domain expertise, and integrity and corporate responsibility fuel our success.
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