Abstract: Systems and methods are directed to forecasting oilfield production in an integrated asset management framework and specifying conditions associated with the plurality of models. A graphical interface for generates a plurality of models that represent asset components in the oilfield, and a database stores the plurality of models. An application toolkit for analyzes at least one of the plurality of stored models based on a scenario to forecast a performance of an asset component associated with the at least one analyzed model.

Abstract: A method for creating an integrated asset management system for an oilfield, the method including: creating a plurality of models representing asset components each model having more than one levels of detail; connecting the more than one models to communicate with one another to create an integrated asset management system; selecting the levels of detail for the more than one models; and performing an analysis on the integrated asset management system utilizing the selected levels of detail to predict a characteristic of the integrated asset management system.