BI Drill machine for Oil & Gas companies

INDIA: CSC has announced the launch of its Petroleum Enterprise Intelligence offering, a business intelligence solution designed to help exploration and production (E&P) or ‘upstream’ oil and gas companies integrate technical, operational and financial information across the enterprise.

The solution, as shared in a press release, employs Oracle’s business intelligence applications and the Information Store’s (iStore) data access and visualization technology. It is claimed to enable companies to understand the financial impact of field decisions, optimize well production and maximize effectiveness of operational decisions.

“The Petroleum Enterprise Intelligence solution enables the presentation of data across the enterprise from geoscientists to engineers, including non-specialists, through use of business intelligence functionality, as well as modeling, planning and analytics,” said Catherine Madden, senior research analyst, Energy Insights, IDC. “We believe that for oil and gas companies, a comprehensive view of the data permits a company to prioritize different opportunities. At the same time, key decision makers for all assets are using a single view of the inputs, and able to collaborate with other decision makers to determine where to optimize plans."

“Integrating upstream and operational systems data, Petroleum Enterprise Intelligence provides analytical functions for exploration and production, refining and pipeline marketing, energy trading, financials, supply chain and workforce management. The offering addresses four key areas: business processes, information management, operations and technology infrastructure.” Says the company.

“Upstream oil and gas companies can significantly impact their growth and profitability when they have the ability to make fast, smart business decisions,” said Bob Welch, president of CSC’s Chemical, Energy and Natural Resources Group. “Encompassing everyone from drilling engineers to financial analysts, our approach enables oil field workers to optimize asset performance by delivering the right information to the right people at the right time.”