Get started
IMPACT 2025
Newsroom/

OMV and Cognite Extend Long-Term Collaboration to Further Accelerate OMV's Digitalization Transformation Program

OMV and Cognite Extend Long-Term Collaboration to Further Accelerate OMV's Digitalization Transformation Program

  • Partnership

Published at: 3/7/2023, 12:24:00 PM

Team Cognite

Cognite

OSLO, Norway; AUSTIN, Texas - March 7, 2023 — Cognite, a global leader in industrial software, today announced an extension of its long-term frame agreement with OMV, the international, integrated oil, gas, and chemicals company headquartered in Vienna/Austria. Leveraging Cognite's leading Industrial DataOps platform, Cognite Data Fusion®, OMV will expand its digital transformation program, DigitUP, to also include a more robust Asset Performance Management (APM) solution, strengthening OMV's position as a global digital leader in the industry.

The collaboration will accelerate OMV's digital transformation and drive operational improvements that make the organization more effective and unlock data-driven business opportunities along the entire value chain.

Cognite Data Fusion® is an integrated part of OMV's enterprise architecture, and the platform is used to liberate and consolidate data of surface data domains. OMV has built several use cases and applications on top of this liberated data and can now easily scale up to physical assets. Cognite Data Fusion® is key to contextualizing data across OMV’s ecosystem to accelerate the development and adoption of digital applications.

Cognite Data Fusion® powers OMV's surface data hub and enables rapid scaling of digital solutions across assets in Austria, New Zealand, and Romania. The OMV and Cognite collaboration thus far has resulted in the deployment of solutions within both production and maintenance optimization leading to a reduction of time needed to plan the inspections by 50% and 6% deferment savings on production.

In the next phase of this long-term agreement, OMV will expand its APM capabilities to include integrity management, as well as integration with computerized maintenance management systems for integrated activity planning across different operations disciplines. This expansion of DigitUP will empower users in maintenance, inspection, operations, and sustainability roles with a robust suite of digital solutions to support their decision-making, reduce costs, and maximize asset performance.

"We are excited for the next phase of our collaboration with OMV. As asset performance management evolves from pure maintenance to a more holistic look at an operation's reliability and sustainability, the complexity of data, analysis, and digital solutions to support it also grows. OMV is tackling this challenge head-on, and we are proud to support their continued commitment to being a leader in digitalization in the industry," says Dr. John Markus Lervik, co-founder and Chief Strategy & Development Officer, Cognite.

Learn more about How OMV uses Cognite Data Fusion® as the foundation for its digital transformation strategy

About OMV

With Group sales revenues of EUR 62 bn and a workforce of around 22,300 employees in 2022, OMV is amongst Austria’s largest listed industrial companies.

In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world's leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV's Fuels & Feedstock business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,800 filling stations in ten European countries. In the Energy segment, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2022 amounted to 392 kboe/d. Its activities also include the Low Carbon Business as well as the entire gas business.

OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.

OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.

Media Contact:

Michelle Holford, Vice President of Global Public Relations

michelle.holford@cognite.com

  • Organization

    Cognite Fuels Industrial AI Revolution with Inaugural Class of Cognite Fellows

  • Media coverage

    Cognite Recognized as Leader in Scaling AI for Industry, Secures Spot on CRN® Internet of Things 50 List

  • Customers

    Piab Group Selects Cognite to Power Smart, AI-Driven Vacuum Automation

Want to learn more about our product?

Sign up for our monthly newsletter

Sign up today to receive new content, news, product updates and more, delivered directly to your inbox

Sign up for Cognite Newsletter

Your monthly Cognite news, product updates, and expert content

Product

Unique Value

Why Cognite

Strong Industrial Heritage

FAQ

Benefits

Digital Transformation Leaders

Executives

Operations Teams

IT Teams

Offering

Cognite Data Fusion®

Cognite Atlas AI™

Cognite Success Tracks

Get Started: Data Fusion Quick Start

Industrial Tools

Industrial Canvas

Field Operations

Maintenance

Robotics

Explore

Cognite Demos

Cognite Product Tour

Solutions

Industries

Upstream Energy

Downstream Energy

Continuous Process Manufacturing

Power Generation

Power Grid

Renewables

Solution areas

Advanced Troubleshooting

Field Operations

Data-Driven Turnaround Planning

Partner Ecosystem

Partners

Cognite Embedded

Customers

Success Stories

Value Review

Resources

Resources

All Resources

Webinars

LLM/SLM Benchmark Report

The Definitive Guide to...

... Industrial Agents

... Generative AI for Industry

... Industrial DataOps

Other

Company

About us

Newsroom

Careers

Leadership

Security

Ethics

Sustainability

Policies

Code of Conduct

Customer & Partner Privacy

General Privacy

Human Rights Policy

Vulnerability disclosure policy

Recruitment Privacy Notice

Report a Concern

Privacy PolicyTerms of Service

2016-2025 © Cognite AS. All Rights Reserved