[October 30, 2009] BRIEF: SAS Taps into GCC's $196b Oil and Gas Business Tweet DUBAI, Oct 31, 2009 (Khaleej Times - McClatchy-Tribune Information Services via COMTEX) -- Business intelligence software service company SAS, is tapping into the $196 billion-rich oil and gas exploration business in the Gulf Cooperation Council. SAS is offering software solutions that helps upstream, midstream and downstream companies in the Middle East oil and gas sector transform masses of data into operational intelligence. "In addition to multibillion dollar investments the region's oil and gas players are undertaking, plans to expand the market through a massive investment worth $365 billion in the future are also in place. This reflects how oil and gas remain a very important economic driver and a critical resource for the region's economy," said Peter C. Venn, regional director of oil and gas at SAS Middle East and Africa. "Leveraging the technologies we have developed specifically for this market, we are offering technology-driven solutions, which can bolster the exploration and development initiatives being undertaken by regional oil and gas companies. By using our solutions to draw valuable insights from the massive volume of data available, issues pertaining to declining reserves, deteriorating assets and long-term supply will be more efficiently addressed." [email protected] To see more of the Khaleej Times, or to subscribe to the newspaper, go to http://www.khaleejtimes.com. Copyright (c) 2009, Khaleej Times, Dubai, United Arab Emirates Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. [ Back To TMCnet.com's Homepage ]