Schlumberger and AVEVA Announce Agreement to Advance Digital Solutions for Oil and Gas Production Operations

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LONDON–(COMMERCIAL THREAD) – Schlumberger and AVEVA today announced an agreement to integrate digital edge, AI and cloud solutions to help operators optimize oil and gas production. The companies will work together to streamline the way energy operators acquire, process and act on field data to improve drilling site efficiency and performance. The initial goal of the collaboration includes linking state-of-the-art systems to applications in the DELFI * cognitive E&P environment in order to better manage equipment health and optimize performance.

“This partnership brings together our edge and cloud solutions with AVEVA PI System ™ to seamlessly unleash data access, accelerating information and action,” said Rajeev Sonthalia, President, Digital & Integration, Schlumberger. “By integrating our expertise in the field, our secure cutting-edge technology and our digital applications in the DELFI environment with AVEVA, we will enable customers to increase their efficiency and transform their production operations.

“The digital transformation of critical infrastructure requires a strategic vision that transcends technology to increase efficiency, drive profitable business results and ensure sustainability,” said Andrew McCloskey, CTO of AVEVA. “Recent macroeconomic events have highlighted the need for agility in all industries. Our collaboration with Schlumberger will promote operational agility and engineering efficiency, while enabling faster delivery of new products and services to make assets and operations run smoother. ”

The collaboration will bring both companies’ IoT and cloud capabilities to market. This includes the capabilities of the AVEVA PI System data management platform and Schlumberger domain expertise and analytics capabilities provided by the Agora * edge AI and IoT solutions and the DELFI environment. The companies are also planning joint technology integrations, sales and service support, and go-to-market activity.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with its customers to access energy. Our people, representing more than 160 nationalities, provide cutting-edge digital solutions and deploy innovative technologies to enable the performance and sustainability of the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that opens up access to energy for the benefit of all.

For more information, visit www.slb.com.

About AVEVA

AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA empowers teams to use their data to unlock new value. This is what we call Performance Intelligence. AVEVA’s comprehensive portfolio enables more than 20,000 industrial companies to design smarter, operate better and drive sustainable efficiency. AVEVA supports its customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries. Learn more at www.aveva.com.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of US federal securities laws, which are statements about the future and not about past events. Such statements often contain words such as “expect”, “may”, “may”, “estimate”, “intend”, “anticipate”, “will”, “possible”, “projected”. And other similar words. the statements relate to matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment or expected benefits of digital technologies and partnerships. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize the intended benefits of digital strategies, initiatives or partnerships, and other risks and uncertainties detailed in Forms 10- Schlumberger’s most recent K, 10-Q and 8-K filed or provided to the United States Securities and Exchange Commission. of these or other risks or uncertainties materialize (or the consequences of such a change in development), or if the underlying assumptions prove to be incorrect, actual results may differ materially from those reflected in such statements. prospective. The material contained in this press release is made as of the date of this press release, and Schlumberger disclaims any intention or obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.

* Schlumberger brand

Copyright © 2021 AVEVA Solutions Limited. All rights reserved. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group plc or its subsidiaries in the UK and other countries. Other brands and product names are trademarks of their respective companies.


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