Method including a field management framework for optimization of field development and planning and operation

A method of performing Field Management is disclosed, a Field Management system including a portable Field Management (FM) framework being initially decoupled from any simulators, one or more adaptors operatively connected to the FM framework, and one or more open interfaces associated, respectively, with the one or more adaptors, the open interfaces each having interface characteristics, the method comprising: modifying one or more of the simulators such that the simulators adhere to the interface characteristics of the open interfaces of the one or more adaptors which are operatively connected to the FM framework; subsequently coupling the one or more modified simulators to the one or more open interfaces of the one or more adaptors of the FM framework in response to the modifying step; and performing the Field Management on the condition that the one or more modified simulators are coupled to the one or more open interfaces of the one or more adaptors of the FM framework. The FM framework is also flexible in that it allows control over how the FM Framework logic is executed in order to accommodate real field situations that require such control. The FM Framework flexibility is demonstrated through control of the frequency at which the balancing action is executed, a use by the FM framework of a set of expressions, and a use by the FM framework of dynamic lists of flow entities. The FM framework is also extensible which is characterized by a use by the FM framework of custom variables and custom actions and custom strategies.