FALLS CHURCH, Va., Sept. 21 /PRNewswire/ — CSC (NYSE: CSC) today 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO)
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(R) 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.
For more information on Petroleum Enterprise Intelligence, go to
www.csc.com/unified_data.
CSC’s Chemical, Energy and Natural Resources Group, which serves chemical,
power generation and natural resources companies worldwide, is a global
leader in helping companies achieve strategic business objectives through the
application of industry-specialized business solutions and services. For more
information, visit www.csc.com/cenr.
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