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(Arab News), 23 April 2008 - Saudi Arabia is expected to
invest $119 billion in energy infrastructure projects from 2007 to 2009,
according to studies released here recently.
Investments in the refining
sector are forecast to grow by a staggering 2,189 percent within the same
period compared to figures from 2004 to 2006, said SAS, a company which
specializes in business intelligence and analytical software and services.
As burgeoning energy requirements
continue to mirror the current pace of economic development across the
region, national oil companies (NOCs) including upstream, midstream and
downstream operations in the Middle East are facing challenges such as
ageing infrastructure and equipment, lack of efficiency in refinery
processes and shortage in skilled manpower. By utilizing SAS solutions,
proven on the Norwegian Continental Shelf, companies can reduce the
decision-making cycle significantly, thereby lessening risk, increasing
efficiency and enabling better use of investment funds.
“In
this rapidly growing industry, it is essential to make quick but
intelligent operational decisions to ensure efficiency and maximize
productivity. By integrating our solutions within their operations, issues
that traditionally take months for companies to make a decision on can now
be dealt with in a matter of days, which leads to less risks, better
recovery rates and increased efficiency and production,” said Peter Venn,
Business Development Director: Oil & Gas, SAS — Middle East &
Africa
Enabling companies to quickly
create a logical data model that integrates all relevant data from
simulations, process, product and equipment-related systems at multiple
assets, fields and locations, SAS(r) solutions provide companies in the oil
and gas sector a holistic view of their critical operation data as well as
additional information with regard to their customers, suppliers and
service providers. Organizations can also benefit from the solutions by
basing their decisions on data from a precise monitoring of their
operations and business performance, thereby gaining them valuable
efficiency and effectiveness advantages. SAS solutions have also gained
wide popularity for its collaboration platform, which presents secure,
accurate, consolidated knowledge in a way that enables managers and
engineers to surface key issues, navigate hierarchical views of the data,
perform targeted analyses and collaborate on all of this. Plant managers
and work management groups will be able to consolidate financial data with
information on operational measures and statistics such as well sensor,
rotary equipment information and weather data.
“Energy
requirements across the globe are growing at a very fast rate, and it is
critical for companies to address challenges that arise within the entire
production process to meet the growing demands. For a company to be
successful amidst the massive extent at which the oil and gas sector is
growing, it is truly a tremendous advantage to utilize a robust decision—
and collaboration-tool. As an organization with extensive experience and a
pool of highly trained professionals, we are fully equipped to address this
need,” concluded Venn.
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