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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
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What our customers are saying
Major Oil Companies Trust pForecast
Powersim Software celebrates its 20th Anniversary
Back on December 2nd in 2002, Powersim Software AS was established in Bergen, Norway. During the last 20 years, we have developed Powersim Studio into excellency as
Powersim Software attended OTD 2022
This year’s OTD Energy 2022 conference was a very positive experience, where we were able to meet up with a lot of interesting contacts from a diversity of companies. Thanks to OTD Energy for arranging such a great event
pForecast vs. reservoir simulation tools
This video gives you an overview of the difference between pForecast and reservoir simulation tools and why it is beneficial to have both. Using a weather forecast as an example, we explain the difference between utilizing pForecast compared to performing