“Our goal is to deliver high-quality production forecasts in an efficient and consistent manner. pForecast offers us capabilities to combine uncertainties from the subsurface, drilling and operation domains. We use pForecast for a wide range of applications, including regular forecast updates and providing profiles for evaluation of project economics. The simulations are quick, and the result dashboard facilitates efficient communication between the users and decision makers. pForecast has helped to raise the quality of our production forecasts and has enabled us to gain more insight from our forecasting efforts.”

«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.»

“Standard, simple, systematic, and efficient are the right words to describe pForecast in a concise manner! As one of the first pForecast users, I found it an efficient tool for forecasting production & injection profiles within operational capacities and limits. It is the only standard tool fitting for reporting purposes, tracking changes and storage. Moreover, it is a perfect tool for applying last-minute changes in the reporting processes, and a relief from all the ad-hoc and erratic excel files created by different users.”

“pForecast has simplified our forecasting as compared to the earlier manual methods we used for developing long-term forecasts. pForecast handles everything from historical data through forecast for existing wells and future drilling targets to production efficiency and production capacity limitations. I can whole heartly give my recommendation of pForecast.”