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.

What our customers are saying

Major Oil Companies Trust pForecast

Aker BP
Equinor

pForecast News

New release of pForecast

We’re thrilled to share that the latest release of pForecast is now available, packed with powerful enhancements that will take your forecasting and planning to the next level. One of the most exciting new features is the support

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How to model Capacity Upgrade in pForecast

A new video covering another corner case has been added to the section called Appendix A of the user manual. You normally need a shut-in period during the process of facility upgrading.

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Powersim Software becomes a member of Norwegian Energy Partners

We would like to share with you that we have become a member of Norwegian Energy Partners! We look forward to being part of the vision Norwegian Energy Partners

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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