Smooth and efficient updates
What is pForecast?
Software as a service solution to digitalize, simplify, and standardize how production forecasts are generated and utilized.
What our customers are saying
Major Oil Companies Trust pForecast
Introducing our new Quality Assurance Engineer
We would like to introduce you to our latest team member, Arnlaug Bøe, who has joined the Powersim team! We are happy to welcome Arnlaug Bøe to the Powersim Software team,
New pForecast feature; Facility-2-Facility
We would like to highlight a new feature that we launched in pForecast in early July 2023. It is the possibility of connecting one facility to another on the asset level.
We attended cluster gathering by GCE Ocean Technology
Last week, we had an amazing time meeting incredible people passionate about and actively working towards the green shift to create a better future. Huge thanks to GCE Ocean
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