A Semantic Framework for Integrated Asset Management in Smart Oilfields

Integrated asset management (IAM) is the vision of IT- enabled transformation of oilfield operations where information integration from a variety of tools for reservoir modeling, simulation, and performance prediction will lead to rapid decision making for continuous production optimization. This paper describes the design of a model-based IAM system for production forecasting. Domain knowledge is captured through a formal modeling language that forms the basis for an intuitive user interface to the system. An IAM metacatalog captures domain knowledge as well as metadata about computational resources and data sets in a single ontological framework, thereby providing a unified mechanism for application, data, and workflow integration . The framework is designed to be portable across oilfield assets, to allow different classes of end users to interact with the integrated system, and to accomodate new domain knowledge, software applications, data sets, and workflows for IAM.