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Integrated Asset Management and Optimization Workflows       237


                 linked to a common database, span long production and acquisition
                 times, and have not been adequately and consistently quality checked.
              4. For large-scale IAM projects, the reservoir simulation run times can still
                 represent a major bottleneck. The fine-scale integrated reservoir simula-
                 tion models can easily exceed 100 million grid cells. Even when upscaled,
                 the model size usually remains well above a few tens of millions grid cells.
                 As recently indicated in Maucec et al. (2017), an ensemble-based uncer-
                 tainty quantification (UQ) and AHM workflow alone, embedded in the
                 large-scale IAM project (grid-size: approximately 34 million cells;
                 24 uncertainty scenarios; production period: approximately 55years)
                 can easily require the simulation model to run sequentially over
                 20–30h, usingthousands of CPU cores. Ideally, the UQ-IAMworkflows
                 in large-scale IAM projects will be executed on dedicated HPC frame-
                 works, which in practice can be frequently difficult to achieve.
              5. Last but not the least, demonstrating the value of IAM application in
                 large-scale mature fields can sometimes be quite challenging. IAM in
                 mature fields can be considered to have less analytical value because of
                 lowering operating surface pressures, already existing facilities, known
                 well performance, and well-described subsurface geology. However,
                 when applied to mature fields, the IAM workflows can aid in more accu-
                 rate estimation of the remaining reserves, reduce risks through better
                 understanding of the interaction between subsurface and surface, indi-
                 cate real opportunities for optimization scenarios, and facilitate better
                 decisions for field development planning or well operations.
              The push toward the DOF of the future will require a new generation of
              IAM workflows that seamlessly integrate the plethora of software tools
              for modeling, simulation, prediction, and optimization of an asset’s perfor-
              mance. Moreover, the next-generation IAM must be able to operate under
              the extreme conditions of integrating unprecedented complexity of data in
              terms of the volume and transfer speed. And finally, teams will have to orga-
              nize in new ways around the processes.
                 We have investigated several IAM concepts that may be considered the
              future of IAM workflows for DOF applications. Zhang et al. (2006) describe
              the model-based framework for oil production forecasting and optimiza-
              tion. Some of the key objectives of the proposed design are: generic, reus-
              able, and flexible IAM framework architecture; adoption of a variety of assets
              and workflows; centralization and transparency of a common database; uni-
              fication of information that handles the disparity in data formats; tool inte-
              gration through loose coupling; and standards-based implementation.
              Zhang et al. (2006) propose the use of domain-specific modeling language
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