COURSE OVERVIEW:

This course provides a practical introduction to Integrated Asset Modeling (IAM) and the primary functionalities required to build and run integrated models that link subsurface, wells, surface networks, and economics. Participants will understand how reservoir models are coupled with network and surface models, how different models exchange rates and pressures, and how compositions are managed consistently across all components.

The course explains runtime-based simulations in an IAM environment, model connectivity, and the use of external tools such as Microsoft Excel and Merak Peep within integrated workflows. Participants will learn how to create and test asset management strategies, perform optimization studies, and evaluate economics, all within an Integrated Asset Modeling framework to support better field development and production decisions.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Explain the purpose, scope, and main benefits of Integrated Asset Modeling for field and asset decision making.
• Describe the main components of an integrated asset model, including reservoir, wells, surface network, facilities, and economic models.
• Couple reservoir models to network and surface models and understand how pressures, rates, and constraints are exchanged between them.
• Set up and run time-based simulations in an IAM environment and interpret key results.
• Connect different models using flow diagrams and link external models, including Microsoft Excel-based models.
• Manage and transfer compositions between reservoir, well, and network models in a consistent way.
• Understand key fundamentals of reservoir network coupling, including constraints, controls, and boundary conditions.
• Build and evaluate basic asset management strategies using IAM tools.
• Perform simple optimization studies, such as choke settings or routing options, using integrated models.
• Evaluate economics in IAM workflows using Merak Peep or equivalent economic models linked to production forecasts.

TARGET AUDIENCE:

• Reservoir engineers who need to integrate subsurface and surface models
• Production and petroleum engineers are involved in production optimization and forecasting
• Facilities and network engineers support integrated field studies
• Asset and field development engineers responsible for strategy evaluation
• Subsurface and surface professionals who want an introduction to Integrated Asset Modeling technology

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures and discussion sessions, as well as case studies, will be managed to maximize the amount and quality of information, knowledge, and experience transfer. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance learning. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.