Geological and geophysical exploration

In today’s economic climate, oil fields are extremely valuable assets that have to be monitored and managed very carefully. Now more than ever, oil and gas companies, whose stock price is directly affected by their reserves and potential reserve exploitation, need a way to estimate those reserves with as much accuracy and reliability as possible.   In the Spotlight Keith Holdaway, Solutions Architect, SAS How can you apply SAS Business Analytics? Hear specific ways to mitigate subsurface uncertainty, improve reserves exploitation and integrate your GGRE data. At the heart of this process is improved reservoir characterization and flow modeling based on geostatistical analysis. With SAS Analytics, you can make reserves-exploitation decisions more quickly and reliably. Because exploratory data analysis (EDA) and data integration, aggregation and management are keystones to robust and effective reservoir characterization projects, it is also imperative to automate EDA. SAS helps ensure consistency across silos and enables geoscientists to perform deterministic and interpretive assignments without being encumbered with data preparation. How SAS® can help SAS delivers a multitier solution to help you take advantage of your existing GGRE data and improve reserves exploitation. Based on award-winning analytics, the solution delivers: Exploratory data analysis: Scrutinize data across all upstream domains and integrate cleansed data from geophysics, geology and reservoir engineering. Spatial modeling: Generate spatial models or variograms. Uncertainty analysis: Incorporate data from various databases and other niche market applications through an OpenSpirit framework. Optimized data portfolio: Identify an optimum plan for all of your resource data, such as well analysis, reserves evaluation, and quantification and qualification of risk and uncertainty. How SAS® is different Only SAS provides data integration, analytics and reporting as part of one seamless business analytics framework. This framework helps you optimize your reserves in today’s uncertain economy with: Award-winning analytics: SAS is the leader in predictive analytics, providing you with reliable information for making decisions about reserves exploitation that ultimately affect both your future reserves and company stock prices. Industry expertise: With more than 20 years of experience in the oil and gas industry, SAS delivers a solution designed to address issues and challenges, such as improved reservoir characterization, specific to the industry. Superior data integration: SAS works with a variety of market and niche applications to merge data from a multitude of data repositories into a single view, helping you identify the relationship between reservoir properties and seismic attributes. Investment optimization: Improve interoperability with SAS software’s ability to support SOA architectures and integrate with extant software configurations.

Looking for more information on SAS® solutions for oil & gas? Read related success stories. Ready to put THE POWER TO KNOW® to work for you? Contact your local SAS office or call us toll free at 1-800-727-0025 (US and Canada). Contact SAS for pricing information and to learn more about our products and solutions. Sign up for one of our free e-newsletters. Read the press release, "SAS Global Oil and Gas Business Unit helps companies integrate planning, improve asset use."