Rockwell Automation and Schlumberger have announced an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider.
The Sensia joint venture will be 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.
Under the terms of the agreement, Sensia 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 1000 team members with global headquarters in Houston, Texas.
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