As expected, most oil and gas operating companies today will tend to have some ongoing integrated asset modeling activity. However, the success of such activities is mixed. One of the reasons why … is due to a misunderstanding of how to understand, analyze and apply the results that are being generated from…

Despite the variety of IAM tools and approaches that are now publicly available, personnel and operators tend to be locked into a particular tool or approach based on what they are used to. This ends up being ineffective as the various tools and approaches have their strengths and weaknesses and should therefore be selected based on…

Integrated Asset Modelling has now become a standard means of modeling entire oil and gas facilities with a view to optimizing existing facilities or developing new ones. Despite many operators owning numerous integrated asset models (IAMs), the full benefits of such models are not always realized.