Schlumberger and Cognite to Deliver Data-Driven Solutions at Scale for the Global Energy Industry

Schlumberger (NYSE: SLB) and Cognite, two leaders in know-how innovation, immediately introduced a strategic partnership to combine Schlumberger’s Enterprise Data Solution for subsurface with Cognite Data Fusion®, Cognite’s main open industrial DataOps platform. Through this partnership, clients can combine information from reservoirs, wells, and amenities in a single, open platform, and leverage embedded AI and superior analytics instruments to optimize manufacturing, scale back prices and lower 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,” mentioned 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 shall be the lead business accomplice and will solely present clients with entry to the Enterprise Data Solution. The companions will co-develop suitable purposes and options, leveraging a long time of digital options experience from Schlumberger and Cognite Data Fusion’s distinctive capabilities. Schlumberger’s domain-driven AI, IoT and simulation engines built-in with Cognite’s high-performance information, and automation applied sciences assist clients speed up returns from their producing property.

“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,” mentioned 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 preliminary focus is manufacturing operations in the power sector. For clients, this implies higher administration of information fashions, improved time to worth, and enhanced outcomes to enhance worth from their present portfolio of property.

About Schlumberger

Schlumberger (NYSE: SLB) is a know-how firm that companions with clients to entry power. Our individuals, representing over 160 nationalities, are offering main digital options and deploying modern applied sciences to allow efficiency and sustainability for the international power trade. With experience in additional than 120 nations, we collaborate to create know-how that unlocks entry to power for the advantage of all.

Find out extra at www.slb.com

About Cognite

Cognite is a world industrial SaaS firm that was established with a transparent imaginative and prescient: to quickly empower industrial firms with open, contextualized, reliable, and accessible information to assist drive the full-scale digital transformation of asset-intensive industries round the world. Our core Industrial DataOps platform, Cognite Data Fusion®, allows industrial information and area customers to collaborate shortly and safely to develop, operationalize, and scale industrial AI options and purposes to ship each profitability and sustainability. Visit us at www.cognite.com and observe us on Twitter and LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements

This press launch comprises “forward-looking statements” inside the that means of the federal securities legal guidelines—that’s, any statements that aren’t historic info. Such statements usually comprise phrases akin to “expect,” “may,” “can,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “aspire,” “aim,” “potential,” “projected” and different related phrases. Forward-looking statements tackle issues which are, to various levels, unsure, akin to forecasts or expectations concerning the deployment of, or anticipated advantages of, digital applied sciences and partnerships. These statements are topic to dangers and uncertainties, together with, however not restricted to, the incapability to acknowledge supposed advantages from digital methods, initiatives or partnerships; and different dangers and uncertainties detailed in Schlumberger’s most up-to-date Forms 10-Okay, 10-Q, and 8-Okay filed with or furnished to the U.S. Securities and Exchange Commission. If a number of of those or different dangers or uncertainties materialize (or the penalties of any such improvement modifications), or ought to underlying assumptions show incorrect, precise outcomes or outcomes might differ materially from these mirrored in our forward-looking statements. The forward-looking statements communicate solely as of the date of this press launch, Schlumberger disclaims any intention or obligation to replace publicly or revise such statements, whether or not on account of new info, future occasions or in any other case.

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