Integrated Asset Modelling: Tips, Tricks and Pitfalls

Summary The article demonstrates features of using an Integrated Asset Model (IAM). The description is given for assessing of model reliability with main criteria emphasis. Also acceptable deviations for those criteria are analyzed. The solutions are proposed for problems arising when IAM is used for forecast calculation. A methodical approach is presented that allows to verify production data and to calibrate network elements in fast and effective way. The paper shows IAM updating algorithm which allows to perform calculations with the necessary accuracy.