CSC has launched 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, which employs Oracle's business intelligence applications and the Information Store's (iStore) data access and visualization technology, enables companies to understand the financial impact of field decisions, optimize well production and maximize effectiveness of operational decisions. 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.
"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."
"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."
"As the industry continues to develop the Digital Oil Field, this offering uniquely positions CSC, iStore and Oracle to help E&P companies reduce operating costs, increase production and operate in a safer and more effective manner," said Oracle's Hossam Farid, senior director of Oil & Gas Solutions.
Earlier this year, CSC and iStore signed an alliance agreement under which CSC acts as the prime systems integrator and consulting services provider for iStore's PetroTrek® Digital Oilfield solutions.
"By making PetroTrek available through CSC's Petroleum Enterprise Intelligence offering, the industry benefits from iStore's proven digital oilfield technology and the breadth and depth of CSC's global presence," commented Barry Irani, president and chief executive officer for iStore.
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