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Integrated Production Model With Stochastic Simulation to Define Teotleco Exploitation Plan. J., Salve, J., Martinez Ramirez, I., Vasquez, M. Simplification of large, complex networksД¬zwienzek, F., Barreto Perez, J. Multi-reservoir and surface integrated asset modelДЇully Integrated, Reservoir to Market Solution This solution is expensive but frequently the preferred option if the highest accuracy is required.ДЄ multi-fidelity, multi-disciplinary, IPSM tool In practice this means that existing models will be either converted or linked by specialists to form an integrated solution.

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There are relatively few software packages on the market which are truly integrated, however these can offer the benefit of shorter runtimes and lower expertise thresholds.ДЄ number of the established service companies now offer integrated asset modelling as a service. However this approach also has its drawbacks, there is no time gain and the integration component of the entire package requires expertise which is not readily available, external specialist are frequently called upon to build and maintain the links between the components. The obvious benefit of this approach is that there is no loss in accuracy and it does not require a remodelling exercise. Some vendors who have previously marketed standalone software for the subsurface and the surface are now marketing additional software which provides a datalink between the various packages. RAVE GUI screenshot Linked Existing Software Several different software packages are commercially available and there is a clear difference in philosophy between some of them. Note that for most of these areas the accuracy of the reservoir proxy is not important, the decision is made based on relative performance differences, not absolute values.

Life of field analysis of production optimisation scenarios.

Debottlenecking and optimisation of very large or complex infrastructures.

The following contains some examples of areas where an IAM is the appropriate decision support tool The success or failure of an IAM implementation project therefore depends on selecting the tool which is as complex as it needs to be but no more. Currently the definition of IAM contains anything from daily optimisation to portfolio management.

There are no hard and fast rules for this as there are a variety of software packages on the market which offer very accurate modelling of a very small scope to very rough modelling of a very large scope and anything in between. This argument is sometimes valid, sometimes not, see below.ДЄs with any other software because of the inherent limitations in any virtual model use of an IAM is only appropriate during various stages of a project life. The biggest barrier to adoption of IAM is frequently the resistance of reservoir engineers to any simplification of the subsurface. Requires constant communication between various departments, ownership is either vague or too much part of one silo.Most companies are too compartmentalised for this to be easy, as a result of this an integrated approach has the following drawbacks An answer in economic rather than recovery terms (not always available)Дifficulties of Integrated Asset Modelling Д«y its very nature an IAM requires a multi disciplinary approach.Insight in the interactions between various components of a development.Faster runtimes which allow scenario analysis and Monte Carlo analysis.Having an IAM built of an asset or future project offers several advantages joined their MBAL modeling software with their GAP and Prosper modeling software to form an Integrated Production Model.Д«enefits of Integrated Asset Modelling The modern use of Integrated Production Modeling was coined when Petroleum Experts Ltd. Historically the terms Integrated Production Modeling and Integrated Asset Modeling have been used interchangeably. The term Integrated Asset Modeling was first used by British Petroleum (BP).

Some but not all models also contain an economics and risk model component so that the IAM can be used for economic evaluation.

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