Abstract: This invention discloses a system for controlling and optimizing production operations oil and/or gas production wells and facilities, which are equipped with sensors that generate raw reservoir, production and/or production equipment performance data. This system collects raw data processes it in a central data center to produce component data and system performance data.

Abstract: A method for controlling and optimizing production operations oil and/or gas production wells and facilities, which are equipped with sensors that generate raw reservoir, production and/or production equipment performance data comprises: collecting raw data in at least a central data center; processing, trends in the collected raw data to produce component data and system performance data; transferring the component data to a regional asset operation control center; transferring the system performance data to a regional total production optimization center, in which the system performance data and trends in the data are interpreted, analysed and converted into actionable total asset control data that are subsequently transferred to at least one regional control center; and optimizing or controlling production of the operations by action taken in the regional asset operation control center on the basis of the component data and the actionable total asset control data.