PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: SAS Institute, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Petrobras Chooses SAS® Analytics to Grow Energy Business - Analytics leader SAS helping with expansion, profit and productivity [NYSE: PBR] - SAS.com
Petrobras Chooses SAS® Analytics to Grow Energy Business

 

NewswireToday - /newswire/ - Cary, NC, United States, 2014/06/26 - Analytics leader SAS helping with expansion, profit and productivity [NYSE: PBR] - SAS.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Known worldwide for technological savvy, Brazilian energy giant Petrobras 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 (sas.com) 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® .

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: SAS Institute, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Petrobras Chooses SAS® Analytics to Grow Energy Business

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

SAS | Petrobras
Publisher Contact: Laura Brumley - SAS.com 
214-349-6296 Laura.Brumley[.]sas.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SAS Institute, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From SAS Institute, Inc. / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

Infosys Finacle Named A Leader Among Digital Banking Engagement Platforms
IRON Deploys ADVA FSP 3000 in R&E Network for Cost-Efficient Scalability and Ease of Use
Telophase Announces Formation of Executive Advisory Board
Turbonomic Named to Forbes 2017 Cloud 100 List
Infosys Strengthens its Partnership with Udacity to Enhance and Amplify the Learning Capabilities of its New Hires
A10 Earns Accolades from Frost & Sullivan for its Comprehensive and Adaptable Application Delivery Controller Technology Product Line, Thunder ADC
Active.AI Joins Infosys Finacle’s Growing FinTech Ecosystem
UCAR Deploys ADVA FSP 3000 CloudConnect™ Solution in Supercomputing Network
Evolve IP Announces Comprehensive Solution for Multichannel Contact Center Management
RightITnow Introduces Major New Features with Latest ECM 4.6
Global High Density Racks Market Revenue Growth Predicted by 2026 Says PMR
ISYX Technologies Wins Cisco Emerging Partner of the Year Award
FarEye Wins Prestigious World Post & Parcel Award in The Technology Category
AXILSPOT Announces Availability of ASW120 In-wall Wireless Access Point in the Middle East and Africa
Thales Forges Ahead in Digital Technologies

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Rapid Recovery





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)