Rockwell Automation and Schlumberger complete creation of Sensia JV

Industrial automation and information solutions provider Rockwell Automation and oilfield services company Schlumberger have closed their previously announced joint venture (JV), Sensia.

Sensia is the oil and gas industry’s first digitally enabled, integrated automation solutions provider, which drives efficiency, optimises performance and reduces risk.

The JV leverages the deep oil and gas domain knowledge of Schlumberger and Rockwell Automation to meet the growing needs of the oil and gas market.

Sensia is expected to generate annual revenue of $400m and employ around 1,000 team members, serving customers across 80 countries. Its global headquarters are located in Houston, Texas.

Sensia CEO Allan Rentcome said: “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.

“It will make oil and gas production, transportation and processing simpler, safer, and more secure.”

Sensia will operate as an independent firm. Rockwell Automation will own 53% interest and Schlumberger will have a 47% stake in the JV.

Rockwell Automation paid $250m in cash to Schlumberger upon closing of the transaction.

Schlumberger and Rockwell Automation initially signed an agreement in February to create the Sensia JV.

The JV offers fully integrated automation solutions such as scalable, Cloud and edge-enabled process automation, and other information and process safety solutions.

From providing intelligent systems to fully engineered lifecycle management automation solutions, Sensia helps customers drive efficiency gains through measurement and data-driven intelligent automation.

Last month, Schlumberger collaborated with TIBCO to integrate the latter’s Spotfire and Data Virtualisation technologies into the DELFI cognitive exploration and production (E&P) environment.