IAM 2018.1 Now Available
Thursday, 28 February 2019
IAM field development planning and operations software provides a flexible simulation framework for asset-level decision making that integrates reservoir, production, process, and economics domain models.
This total system model approach enables you to run a variety of integrated simulation models, delivering numerous benefits such as a united understanding of subsurface and surface, improved forecast accuracy, accurate capex prediction, and optimized operational efficiencies.
Providing a user-friendly interface for full-field simulation and optimization, IAM software enables you to graphically build asset management strategy, which includes well and reservoir group controls and parameters of downstream process facility models and fieldwide economics.
IAM software continues to enhance the functionality and versatility of field development planning and operations. This release introduces a RESTful API to support different digital oilfield forecasting workflows for IAM software via web dashboards. A customer web application can now generate an IAM software model on the fly, run the model, and get back the results. For legacy Windows Communication Foundation- (WCF-) based digital oilfield workflows, the RESTful API adds support for controlling the simulation and getting back the results.
For this release, Decline Curve usability has been improved to easily define a table whose properties are automatically mapped to multiple wells or sources of the network. IAM software supports saving results in offline Excel spreadsheets for custom reporting and better interoperability of Excel models between IAM software projects with a new copy and paste feature of the configuration. The usability of the MBX material balance model has been improved by directly associating wells with the PIPESIM steady-state multiphase flow simulator.
IAM software is for engineering users within oil and gas organizations. Asset technology or engineering managers are often the first to recognize the benefit of a full-field model built by the collaborative efforts of their multidisciplinary teams.
The software is useful for any new or existing large oil and gas development projects, but it may be crucial for assets where there are significant interdependencies between multiple fields or multiple production domain silos (reservoir, network, and process facilities) such as in heavy oil assets, assets with limited processing capabilities, or aging assets where the surface gathering network and facilities are suboptimal because production rates have fallen over time.
IAM software applications include
IAM planning and operations software provides the most complete and flexible framework for making critical decisions about an asset’s development and operation over its life. IAM software enables the coupling of domain models—reservoir, production, process, and economics—into a total system model for asset-level decision making
