Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture
11/10/2019 Rockwell Automation
Sensia, the oil and gas industry's first digitally enabled, integrated automation solutions provider, will drive efficiency, optimise performance and reduce risk.Rockwell Automation and Schlumberger today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry's first digitally enabled, integrated automation solutions provider.
The joint venture leverages Schlumberger's deep oil and gas domain knowledge and Rockwell Automation's rich automation and information expertise to address this fast-growing market.
"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 Allan Rentcome, Chief Executive Officer of Sensia. "It will make oil and gas production, transportation and processing simpler, safer, and more secure."
Headquartered in Houston, Texas, Sensia is projected to generate initial annual revenue of $400 million and employ approximately 1,000 employees.
Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Rockwell Automation made a $250 million cash payment to Schlumberger at closing.
For more information, please contact:
Rockwell Automation Ltd
Elena Popova - Marketing Communications UK and Ireland
Tel: +44 1908 627889
Email: EPopova@ra.rockwell.com
Web: www.rockwellautomation.co.uk
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