pForecast
Smooth and efficient updates
of forecasts
What is pForecast?
Software as a service solution to digitalize, simplify, and standardize how production forecasts are generated and utilized.
pForecast uses input data from subsurface tools, such as Eclipse, Network models and ResX, and performs a full life-time 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.
Generalized production forecasting workflow
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
DO YOU WANT TO KNOW MORE?
REQUEST A DEMO
What our customers are saying
Forecasting and reporting of future production and injection
«Risk evaluation of production prognoses are commonly used within the oil and gas sector. What is unique with the Powersim Studio solution, is that uncertainties are considered an integral part of the prognosis work, not an activity applied after the base prognosis is established.»
Frank Fosse,
Senior Advisor, Equinor
Major Oil Companies Trust pForecast
pForecast News
Attending the Equinor’s suppliers conference on Offshore wind
The Equinor supplier’s conference on Offshore wind in Bergen, hosted by GCE Ocean Technology, takes place next week. Powersim Software look forward to a one-to-one talk
Attending the SPE Norway Subsurface Conference
We at Powersim Software AS would like to thank the Society of Petroleum Engineers International for a great subsurface conference! Yesterday we had a chance to meet with the oil
Powersim Software signs agreement with Arribatec
Powersim Software has signed an agreement with Arribatec Cloud about hosting of pForecast’s Software as a Service solution. We are looking forward to collaborating