• Natural Gas News

    OMV Partners up for Digital Future

Summary

The Austrian firm seeks a better return on its upstream through a digital partnership with the engineering giant.

by: William Powell#

Posted in:

Natural Gas & LNG News, Europe, Corporate

OMV Partners up for Digital Future

Austrian integrated energy company OMV has partnered up with US engineering giant Schlumberger in a wide-ranging memorandum of understanding (MoU) aimed at co-operation in the digital technology sector, it said October 15.

The MoU will "accelerate the deployment of the OMV digital roadmap by leveraging new digital technology available and currently developed by Schlumberger. Both parties would benefit from the collaboration on new mutual digital projects. OMV has defined an overall digital strategy and roadmap to support the company’s growth and the execution of the OMV upstream strategy."

OMV's board member for upstream, Johann Pleininger, said that the collaboration would "lead us to a front-runner position in chosen areas and give OMV an early access to new digital technology.”