Petrobras Uses @RISK for E&P Analysis

Petrobras Uses @RISK for E&P AnalysisRecently Brazil-based Petrobras, one of the world’s largest oil companies, implemented a corporate-wide protocol for evaluating the economic risks associated with potential investments. Key risks of interest to the company include those associated with production of oil and natural gas, demand for derivatives, prices of various commodities, and more.

To deal with these risks, Petrobras has integrated @RISK Monte Carlo software for Excel with its in-house statistical analysis software. Using risk analysis solutions enables the company to analyze more complex projects, such as those undertaken with outside partners and those involving multiple concessions (specific drilling areas). In addition, @RISK helps reduce the calculation time for projections that used to take thousands of hours.

» Read more about how Petrobras uses @RISK

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