Known worldwide for technological savvy, Brazilian energy giant
Petrobras (NYSE: PBR) has adopted SAS®
Analytics software to pinpoint areas likely to produce oil and gas.
Using data-driven insights, the company intends to increase production
efficiency and contribute to total resource recovery.
Analyzing rocks between 5 million and 150 million years old is
challenging at best. Petrobras is looking to SAS to help employees
manage large amounts of data and make better decisions about major
projects.
“SAS Analytics has proven to be reliable in 100 percent of our cases. No
other software on the market matches this performance,” said Olinto
Gomes de Souza, Senior Geologist at Petrobras.
Using SAS, technicians create statistical models and analyze large
volumes of data to increase the recovery factor, which is the percentage
of oil resources in an oil field that is estimated to be recoverable.
Their aim is to maximize the placement of wells and extend the life of
mature fields to improve company profitability on projects such as
onshore production. On average, such fields produced 230,000 barrels
more per day after using SAS Analytics.
A SAS customer since 1999, Petrobras reached a daily production record
of more than 2 million barrels a day in 2007. The company’s goal is to
become one of the five largest integrated energy companies in the world
by 2020.
“SAS
is helping oil and gas companies around the world be more efficient
with exploration and production,” said Alyssa Farrell, Product Marketing
Manager for Energy at SAS. “Analytics helps them cost-effectively
extract resources from conventional and unconventional assets, predict
problems before they occur, and improve production from mature fields.”
About SAS
SAS is the leader in business
analytics software and services, and the largest independent vendor
in the business intelligence market. Through innovative solutions, SAS
helps customers at more than 70,000 sites improve performance and
deliver value by making better decisions faster. Since 1976 SAS has been
giving customers around the world THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are
registered trademarks or trademarks of SAS Institute Inc. in the USA and
other countries. ® indicates USA registration. Other brand and product
names are trademarks of their respective companies. Copyright © 2014 SAS
Institute Inc. All rights reserved.
Copyright Business Wire 2014