System and method for performing oilfield simulation operations

A method for performing operations of an oilfield is described. The method involves selectively coupling oilfield simulators according to a predefined configuration, each oilfield simulator modeling at least a portion of the oilfield, a first oilfield simulator receives an oilfield control parameter as an input, identifying an uncertainty parameter associated with probable values each corresponding to a weighted probability, a second oilfield simulator receives the uncertainty parameter as an input, modeling the operations of the oilfield to generate an estimated performance by selectively communicating between the oilfield simulators, the operations of the oilfield are modeled with a predetermined value of the oilfield control parameter and at least one of the probable values of the uncertainty parameter; and identifying an optimal value of the oilfield control parameter based on the estimated performance.