SAS launches oil and gas business unit
Posted: 5 August 2008
SAS reported the launch of its Global Oil and Gas Business Unit.
The new unit aims to further leverage the booming oil and gas sector in the Middle East, which has seen tremendous growth in terms of oil wealth — reaching more than USD 30 trillion from 1995 to 2007, by delivering state-of-the-art business intelligence solutions.
As regional companies continue to seek ways to strategically leverage their information assets while streamlining their operations, SAS offers decision makers in the oil and gas industry effective services and solutions, which will assist in maximising performance through more efficient operations.
The Global Oil and Gas Business Unit aims to provide support for oil and gas organisations operating within exploration and production, refineries / manufacturing, and downstream operations, amidst mounting concerns in managing growing information stores, minimizing downtime and enabling collaboration.
"With energy demand surging worldwide, oil and gas companies face daunting challenges daily," said Frank Mollerop, Vice President, SAS Global Oil and Gas Business Unit.
"SAS has worked with oil and gas customers for more than 20 years, and we believe they are anxious to enhance global performance. This industry generates mountains of valuable data that, if analyzed and leveraged correctly, could make a significant difference in efficiency and profits. The time has never been better for SAS, as a trusted partner, to help assure that the world's energy supply is discovered, developed and delivered in the safest, most productive way possible."
The new division will aid oil and gas customers and companies in the Middle East to manage new and existing reserves, maximize production capacity and prepare for talent shortfalls in the industry.
Clients include regional petroleum giants such as ADNOC, Saudi ARAMCO, Kuwait Oil Company (KOC), Norwegian company ConocoPhillips and Brazil-based Petrobras.
"The size of the oil and gas industry in the Middle East alone makes it a key focus region for SAS, and it is our strong belief that our solutions can bring tremendous benefits to oil companies and the regional oil and gas sector at large," said Peter Venn, Business Development Director: Oil & Gas, SAS - Middle East & Africa.
"In addition to the Global Oil and Gas Business Unit, we have been tailor-fitting our solutions to play a major role in the Middle East market amidst the lack of resources in the industry. Delivering sustainable solutions, which can easily and efficiently be adapted to ever-changing variables is our strategy to build a strong reputation within this industry," said Peter Venn, Business Development Director: Oil & Gas, SAS - Middle East & Africa," said Venn.
Posted by Richard Price, Editor EnergyME.com
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