– Edited from a Rockwell Automation press release by CFE Media. The management team will be led by Allan Rentcome, who will serve as CEO. Sensia will employ 1,000 team members serving customers in more than 80 countries, with global headquarters in Houston, Texas. Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Rockwell Automation will make a 250-million cash payment. “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.” 8:20AM EST Rockwell Automation ROK has entered into a joint venture (JV) agreement with Schlumberger SLB, named Sensia. Rockwell Automation, Schlumberger complete creation of Sensia JV LNG Processing Technology 4 October 2019 News Rockwell Automation and Schlumberger complete creation of Sensia JV Share Sensia will make oil and gas production, transportation and processing simpler, safer and more secure. “Sensia will create a leading technology provider that will further drive optimization of E&P oilfield assets,” said Paal Kibsgaard, chairman and CEO, Schlumberger. Sensia will be uniquely positioned to connect disparate assets and reduce manual processes with secure, scalable solutions that are integrated into one technology platform. “Currently, no single provider exists that offers the end-to-end solutions and technology platform that address these challenges. “Oilfield operators strive to maximize the value of their investments by safely reducing the time from drilling to production, optimizing output of conventional and unconventional wells, and extending well life,” said Blake Moret, chairman and CEO, Rockwell Automation. 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. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. The Sensia joint venture will provide measurement solutions, domain expertise, and automation to the oil and gas industry. Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) announced they have entered into an agreement to create Sensia, the first fully integrated digital oilfield automation solutions provider.
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