30-06-2012, 12:38 PM
Business Intelligence
Business Intelligence.pptx (Size: 54.94 KB / Downloads: 44)
Energy and Utilities companies use business intelligence software to accurately forecast energy and utility demand, maximize production, and assess risk in an increasingly competitive, high cost, and fluctuating industry.
The energy industry, like most others, is beginning to use business intelligence (BI) technology to aid management analysis and decision making.
Oil Production and Reserve Analysis
Maximize oil production by tracking monthly, annual, and cumulative production data, and comparing revenue vs. cost for individual wells and fields
Improve the ability to estimate the amount of Original Oil in Place (OOIP) throughout production to determine whether to continue to use, replace, or abandon a reserve
Ensure maximum accuracy and profitability from exploration ventures by reviewing production trends and forecasting availability
Risk Assessment and Management
Optimize trade ROI by identifying profitable commodity trading partners, reviewing key trends, and allocating capital appropriately
Effectively gauge the risks involved in energy trading by analyzing predictive models and risk-reward curves