IoT and Oilfields: Sensia Joint Venture

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IoT and Oilfields: Sensia Joint Venture

Rockwell Automation and Schlumberger announced that they have entered into an agreement to create a new joint venture, Sensia, a fully integrated digital-automation solutions provider for IoT and oilfields.

The Sensia joint venture will be the first fully integrated provider of measurement solutions, domain expertise, and automation to the oil-and-gas industry, according to the partners. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. From intelligent systems to fully engineered lifecycle-management automation solutions, the joint venture will help customers drive efficiency gains through measurement and data-driven intelligent automation, per the companies.

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.

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,

Moret added.

Sensia will create a leading technology provider that will further drive optimization 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.

Author: Tim Cole
Image Credit: Schlumberger

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