You are here

Petrobras adopts big data analytics software to boost exploration and production

27th June 2014

Petrobras has adopted SAS Analytics software to pinpoint areas likely to produce oil and gas

Petrobras adopts Big Data analytics software to streamline exploration and production
Using SAS, technicians create statistical models and analyse large volumes of data to increase the recovery factor

The company intends to increase production efficiency and contribute to total resource recovery using data-driven insights.

Analysing 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 per cent of our cases," said Olinto Gomes de Souza, senior geologist at Petrobras. "No other software on the market matches this performance." 

Using SAS, technicians create statistical models and analyse 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 maximise 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.

An 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.”

Got a news tip? Email news@oilandgastechnology.net