Schlumberger and Cognite to Deliver Data-Driven Solutions at Scale for the Global Energy Industry
14 September 2022 - 7:00AM
Business Wire
Enterprise Data Solution with an open,
industrial platform will unlock customers’ operational data and
deliver value faster
Regulatory News:
Schlumberger (NYSE: SLB) and Cognite, two leaders in technology
innovation, today announced a strategic partnership to integrate
Schlumberger’s Enterprise Data Solution for subsurface with Cognite
Data Fusion®, Cognite’s leading open industrial DataOps platform.
Through this partnership, customers can integrate data from
reservoirs, wells, and facilities in a single, open platform, and
leverage embedded AI and advanced analytics tools to optimize
production, reduce costs and decrease operational footprint.
“Operational data in the production domain is a vastly
underutilized customer asset due to its complexity and lack of
contextualization at scale. Our strategic partnership with Cognite
leverages Cognite Data Fusion® to extract better and faster
insights from our domain-specific applications in flow assurance,
process simulation, and bespoke AI solutions developed with
customers. Combined with Schlumberger’s Enterprise Data Solution
for subsurface, Cognite and Schlumberger are creating the first
offering in the market with access to contextualized data in an
interoperable platform,” said Rajeev Sonthalia, president, Digital
& Integration, Schlumberger. “Together, we will make vast
quantities of data easily available for customers to use and
innovate at scale quickly, to increase production, improve
financial performance, and achieve sustainability goals.”
Schlumberger will be the lead commercial partner and will
exclusively provide customers with access to the Enterprise Data
Solution. The partners will co-develop compatible applications and
solutions, leveraging decades of digital solutions expertise from
Schlumberger and Cognite Data Fusion’s unique capabilities.
Schlumberger’s domain-driven AI, IoT and simulation engines
integrated with Cognite’s high-performance data, and automation
technologies help customers accelerate returns from their producing
assets.
“Cognite’s partnership with Schlumberger provides customers in
the energy sector with a secure, scalable data platform upon which
business applications can deliver operational efficiencies and help
achieve sustainability goals,” said Girish Rishi, CEO of Cognite.
“We are honored to bring Schlumberger, a company with trusted,
global roots in the energy sector, into our growing partner
ecosystem.”
The partnership’s initial focus is production operations in the
energy sector. For customers, this means better management of data
models, improved time to value, and enhanced outcomes to increase
value from their current portfolio of assets.
About Schlumberger
Schlumberger (NYSE: SLB) is a technology company that partners
with customers to access energy. Our people, representing over 160
nationalities, are providing leading digital solutions and
deploying innovative technologies to enable performance and
sustainability for the global energy industry. With expertise in
more than 120 countries, we collaborate to create technology that
unlocks access to energy for the benefit of all.
Find out more at www.slb.com
About Cognite
Cognite is a global industrial SaaS company that was established
with a clear vision: to rapidly empower industrial companies with
open, contextualized, trustworthy, and accessible data to help
drive the full-scale digital transformation of asset-intensive
industries around the world. Our core Industrial DataOps platform,
Cognite Data Fusion®, enables industrial data and domain
users to collaborate quickly and safely to develop, operationalize,
and scale industrial AI solutions and applications to deliver both
profitability and sustainability. Visit us at www.cognite.com and
follow us on Twitter and LinkedIn.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws—that is, any statements
that are not historical facts. Such statements often contain words
such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,”
“intend,” “anticipate,” “should,” “could,” “will,” “likely,”
“goal,” “objective,” “aspire,” “aim,” “potential,” “projected” and
other similar words. Forward-looking statements address matters
that are, to varying degrees, uncertain, such as forecasts or
expectations regarding the deployment of, or anticipated benefits
of, digital technologies and partnerships. These statements are
subject to risks and uncertainties, including, but not limited to,
the inability to recognize intended benefits from digital
strategies, initiatives or partnerships; and other risks and
uncertainties detailed in Schlumberger’s most recent Forms 10-K,
10-Q, and 8-K filed with or furnished to the U.S. Securities and
Exchange Commission. If one or more of these or other risks or
uncertainties materialize (or the consequences of any such
development changes), or should underlying assumptions prove
incorrect, actual results or outcomes may vary materially from
those reflected in our forward-looking statements. The
forward-looking statements speak only as of the date of this press
release, Schlumberger disclaims any intention or obligation to
update publicly or revise such statements, whether as a result of
new information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220913006227/en/
Media Moira Duff – Director of External Communications,
Schlumberger Limited Tel: +1 (713) 375-3407 media@slb.com Michelle
Holford. Global PR Lead, Cognite Tel: +47 (482) 90 454 Tel: +1
(512) 744-3420 michelle.holford@cognite.com Investors
Ndubuisi Maduemezia – Vice President of Investor Relations,
Schlumberger Limited Joy V. Domingo – Director of Investor
Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024