It is ever more important for Oil and Gas Companies to be able to efficiently and optimally manage the harvest of their production assets. Even minor differences in the ability to harvest production assets offer the potential for achieving significant competitive advantages. This presentation will provide an awareness of the various sensing system options and the role fiber optic sensors can play in obtaining the data needed for the optimal harvest of production assets. The increasing competitive pressure on companies requires them to run the enterprise in real time including management of the reservoir assets. This requires accurate and reliable data regarding well and reservoir performance on a continuous basis. In the paper I will highlight how different options for sensors and installation methods can impact data reliability and availability. Installation techniques that offer the greatest value will be discussed and to complete the picture, status highlights of several current fiber optic sensor developments will be provided. In an effort to knit the sensing and deployment technologies together into a value chain for real-time asset management some of our field test case histories will also be discussed.