Kongsberg Digital Signs Multi-Year Agreement with Chevron to Digitalize Global Assets

March 6, 2023

Kongsberg Digital has entered into a strategic agreement with the integrated energy company Chevron Technical Center, a division of Chevron U.S.A., Inc. to digitize its global assets using Kongsberg Digital’s digital twin technology. The agreement includes a multi-year commitment.

The contract, which was signed in January 2023, represents expansions of work performed on contracts signed in 2021, with a committed multiple-asset deployment plan and further applications to enrich Chevron’s user experiences. The digital twin solution will aid Chevron in work planning and project execution. The digital twin solution will also enable faster troubleshooting, reduced cost, decision-making, and lower personal and process safety risk.

Shane McArdle, CEO at Kongsberg Digital said: “We are extremely pleased with this agreement, and we are proud to support Chevron in adopting digital twins for its global operations. This agreement represents both at-scale deliveries of digital twin technology to Chevron’s global business units, and beyond that a multi-year journey of innovation. We look forward to continuing this exciting journey with Chevron.”

KONGSBERG DIGITAL

Kongsberg Digital is an industrial software company shaping the future of work by changing how businesses design, operate and maintain their assets. Businesses trust us for our innovative carbon capture and storage technology, new energy ventures towards net zero, voyage optimization, emissions reduction, and technology to help balance grids and complex power systems. We are transforming carbon-intensive industries by providing industry-leading solutions that extract value from industrial data. We enable businesses to connect physical assets to an industrial work surface, serving as one common infrastructure for decision-making across the value chain.

KONGSBERG

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, navy, defense and aerospace industries. Kongsberg has more than 11,000 employees in 40 countries and a total revenue of NOK 27.5bn in 2021.