Offshore staff
HOUSTON – Rockwell Automation and Schlumberger have completed their joint venture, Sensia, which is said to be the oil and gas industry’s first digitally enabled, integrated automation solutions provider.
Rockwell Automation made a $250-million cash payment to Schlumberger at closing.
The joint venture leverages Schlumberger’s oil and gas domain knowledge and Rockwell Automation’s automation and information expertise to address this fast-growing market.
Sensia CEO Allan Rentcome said: “Sensia will make industrial-scale digitalization and seamless automation available to every oil and gas company so their assets can operate more productively and profitably. It will make oil and gas production, transportation and processing simpler, safer, and more secure.”
Headquartered in Houston, the joint venture is projected to generate initial annual revenue of $400 million and have about 1,000 employees.
Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture.
10/02/2019
