Making the Best of Integrated Asset Modelling

Written By Sodi Toby

Integrated Asset Modelling has now become a standard means of modelling entire oil and gas facilities with a view to optimising existing facilities or developing new ones. Despite many operators owning numerous integrated asset models (IAMs), the full benefits of such models are not always realised. In a lot of situations, there is a lack of confidence in the accuracy of the results or in the ability to analyse the results and apply them to day to day development, operational and maintenance decisions.  

Based on about a decade experience of developing, building, benchmarking, simulating, analysing and applying integrated asset models, key success factors are presented. Citing examples and illustrations drawn from several projects, the application and the selection of the right IAM methodologies are studied. In addition, key recommendations are provided on how to select the right IAM tools for a specific application including the assessment of key performance criteria.

Practical recommendations on setting up, benchmarking, and simulating IAMs are presented. In conclusion, the best ways of getting value from IAMs are assessed. This includes best practices for analysing, processing and applying results in order to obtain the full benefits of Integrated Asset Models.

Sodi Toby
Sodi serves as our Managing Director and Projects Director. He has management and technical oversight across our offices. He graduated from the University of Sussex, UK with a first class MSc in Turbomachinery. Sodi has a track record of successfully managing production optimization and field development studies for major oil and gas companies internationally. He is an expert in gas compression and integrated asset modelling with more than a decade experience. In his career, the value he has provided in these areas has led to significant decisions which have provided immense production and project benefits for several operating companies. He has previously held senior roles including Head of Projects and Management Team Leader in a reputable engineering consulting firm from which he left to start up Eta Energy Solutions. He has also in previous roles, led software development teams in developing bespoke integrated asset modelling software. Sodi is a Chartered Engineer, professionally recognized by the Engineering Council (UK) and the Council for the Regulation of Engineering in Nigeria (COREN). He is also a professionally recognised member of the Institution of Mechanical Engineers (UK) and the Society of Petroleum Engineers (SPE). He speaks regularly and presents technical papers at international oil and gas conferences across the world.
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