pForecast

Smooth and efficient updates
of forecasts

What is pForecast?

With pForecast from Powersim Software, you get a sophisticated, yet user-friendly tool that provides the insight and precision needed to navigate forecasting challenges and opportunities.

Take control of your future and let pForecast be your navigation tool for success.

  • Seamless Integration: pForecast uses input data from subsurface tools, such as Eclipse and ResX, ensuring a smooth transition with automatic updates at regular intervals.
 
  • Flexibility for Last-Minute Changes: Adaptability is key. pForecast allows for last-minute adjustments, saving you valuable time in the lead-up to reporting deadlines.
  • Uniform Workflow: Facilitating a standardized way of working, pForecast enables comprehensive analysis across your assets, providing management with “Corporate roll-up” reports and analysis.
 
  • Automated Efficiency: Experience a significant reduction in time and effort when reporting for the yearly RNB, thanks to the semi-automated features of pForecast.

What our customers are saying

Major Oil Companies Trust pForecast

Aker BP
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pForecast News

Introducing Decline Curve Analysis

We are excited to introduce a groundbreaking new functionality in pForecast: Decline Curve Analysis (DCA)! This advanced feature empowers users to refine and update production forecasts with precision, leveraging

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Christmas greetings from Powersim Software

As the year comes to a close, we want to extend our heartfelt thanks to our customers and partners for their trust and collaboration. Wishing you a joyful holiday season 

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Full-stack developer added to the Powersim team

We are very pleased to welcome Yeasin Abedin (Siam) to the Powersim team! Siam joined us in August 2024 through Cefalo Bangladesh Ltd, taking on the role as full-stack developer

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Generalized production forecasting workflow

pForecast uses input data from subsurface tools, such as Eclipse, Network models and ResX, and performs a full lifetime simulation of the production and injection forecast. With pForecast users can assign uncertainties to input data and do stochastic analyses by running Monte Carlo simulations. 

The foundation for business optimization in Exploration & Production companies 

Subsurface data take in well potentials and how much each well can deliver 

Drilling data consists of drilling schedules and rig availability

Facility operations comprise production efficiencies, planned shut-ins and capacity constraints 

Since pForecast is uncertainty-centric, uncertainty can be assigned to input data

With pForecast you can run both deterministic and stochastic analysis