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Product: |
TIBCO® Upstream Oil and Gas Solutions |
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Company: |
TIBCO Software Inc. |
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Type: |
Software |
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Description: |
The upstream energy market is facing difficult times. Reserves have become more difficult to locate and more expensive to develop. As a result, oil and gas companies have placed more emphasis on managing assets and streamlining business processes to maximize profitability. Production, asset and operations managers, as well as engineers, require access to comprehensive oil and gas well information, performance constraints, benchmarks and service providers to reduce costs and increase production uptime. Oil and gas executives also need access to real-time asset performance information and benchmarking indicators in order to optimize portfolios through asset management and divestment decision data.
TIBCO's Real-Time Well Development Optimization solution helps upstream oil and gas companies execute the well development process more quickly and accurately by automating the processes by which data is synchronized, managed and processed across the enterprise. By modeling the entire process from prospect to first oil, companies can improve coordination between organizations and resources, reducing errors such as drilling without a permit that can be caused by slow and error-prone manual processing. |
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Related Products: |
Business Activity Monitoring | Business Performance Management | Business Process Automation | Business Process Management Software | Energy Industries |
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