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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
Powersim Software attended the International Energy Forum 2023
Powersim Software attended the Oil & Gas Sessions at the International Energy Forum 2023. And thanks to Norwep’s representative Vinnie Carvalho for allowing us the
Powersim Software AS Announces Milestone Five-Year Corporate Contract with Equinor ASA
Bergen, 11 October 2023 – Powersim Software AS, a leading provider of statistical analysis and production forecasting for the energy sector, is
Job opening – Product Manager
Would you like to be part of the Powersim Software team? Our company is the developer of the pForecast SaaS solution, one of the leading forecasting tools for the Oil & Gas industry.
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