Rockwell Automation, Schlumberger announce closing of Sensia joint venture

Rockwell Automation, Schlumberger announce closing of Sensia joint venture
Published: 3 October 2019 - 5 a.m.
By: Martin Menachery
Rockwell Automation and Schlumberger 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, CEO 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 $400mn 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 $250mn cash payment to Schlumberger at closing.

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