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Aker Regulatory Filings 2022

Sep 14, 2022

3526_iss_2022-09-14_69df61cc-e7cc-4065-9c23-2922e15e3aa3.html

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Aker ASA: Cognite Partners with Schlumberger to Deliver Data-Driven Solutions at Scale for the Global Energy Industry

Aker ASA: Cognite Partners with Schlumberger to Deliver Data-Driven Solutions at Scale for the Global Energy Industry

Aker ASA ("Aker") today announced that it is further deepening its collaboration

with Schlumberger Limited ("Schlumberger, NYSE: SLB). Cognite AS ("Cognite") and

Schlumberger, two leaders in technology innovation, are entering a strategic

partnership to integrate Schlumberger's domain expertise, digital solutions, and

global go-to-market reach with Cognite's leading Industrial DataOps platform,

Cognite Data Fusion.

"The strategic partnership between Cognite and Schlumberger is another step to

deepen Aker's collaboration with Schlumberger and gives customers in the global

energy sector access to data on an unprecedented scale," said Øyvind Eriksen,

President and CEO of Aker and Chairman of Cognite's Board of Directors. "This is

a recognition of Cognite's global potential as one of the biggest players in the

oil and gas sector has chosen Cognite Data Fusion as the architecture for their

digital offering for production optimization in the oil and gas industry. The

partnership has the potential to transform how digital workflows and

applications are developed and deployed across the energy value chain to reduce

costs, optimize production, and decrease operational footprint."

Together, Schlumberger and Cognite will deploy and support technology adoption,

to accelerate time to value from digitalization. The strategic partnership is

cemented in the commercial launch of Enterprise Data Solution, which will enable

E&P customers to integrate data from reservoirs, wells, and facilities, with

technologies and workflows from multiple vendors, in a single, open platform

that leverages AI and advanced analytics tools.

Schlumberger will be the lead commercial partner and will exclusively provide

customers with access to its 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.

"Our strategic partnership with Cognite makes it easier for customers to extract

value from their operational data by breaking down silos through an open,

standards-based platform, and expand the range of digital workflows and

applications they can access," said Olivier Le Peuch, CEO, Schlumberger. "With a

wider range of best-in-class digital technologies, customers can innovate at

scale to increase production, improve financial performance, and achieve

sustainability goals."

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.

"First and foremost, the partnership will help drive a step-change for

industrial digitalization at scale for the oil and gas sector. Furthermore, it

is a massive opportunity for Cognite to embed Cognite Data Fusion within

existing Schlumberger customers' operations - gaining access to a huge network

of customers across geographies and demonstrating Cognite Data Fusion's

readiness for scalability in the Industrial DataOps space," said Eriksen.

-END-

For further information, please contact:

Christina Schartum, Head of Communications and Investor Relations, Aker ASA

+47 90532774

[email protected]

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA

+47 90784878

[email protected]

Michelle Holford. Global PR Lead, Cognite

+47 482 90 454 (NO)

+1 (512) 744-3420 (US)

[email protected]

Moira Duff - Director of External Communications and Media Relations,

Schlumberger Ltd.

Tel: +1 (713) 375-3494

[email protected]

Ndubuisi Maduemezia - Vice President of Investor Relations, Schlumberger Ltd.

Joy V. Domingo - Director of Investor Relations, Schlumberger Limited

Office +1 (713) 375-3535

[email protected]

This information is considered to include inside information pursuant to the EU

Market Abuse Regulation article 7 and is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock

exchange announcement was published by Laila Hop, Paralegal, Aker ASA, on

September 14, 2022, at 07:00 CEST.