CSC LAUNCHES PETROLEUM ENTERPRISE INTELLIGENCE SOLUTION FOR OIL AND GAS INDUSTRY
News Release -- September 21, 2009
Oracle Business Intelligence Applications and iStore Technology Support Offering
FALLS CHURCH, Va., Sept. 21 -- 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.
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.
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.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at www.csc.com.