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.

  • Seamless Integration: pForecast uses input data from subsurface tools, such as Eclipse and ResX, ensuring a smooth transition with automatic updates at regular intervals.

  • Uniform Workflow: Facilitating a standardized way of working, pForecast enables comprehensive analysis across your assets, providing management with “Corporate roll-up” reports and analysis.

  • Flexibility for Last-Minute Changes: Adaptability is key. pForecast allows for last-minute adjustments, saving you valuable time in the lead-up to reporting deadlines.

  • Automated Efficiency: Experience a significant reduction in time and effort when reporting for the yearly RNB, thanks to the semi-automated features of pForecast.

What our customers are saying

Major Oil Companies Trust pForecast

Aker BP
Equinor

pForecast News

New release of pForecast – connecting to a customer database

Our latest release of pForecast brings exciting new features with a focus on enhancing the user experience and efficiency when importing production history to pForecast.

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Powersim Software attended the SPE Norway Subsurface Conference

On behalf of Powersim Software, we would like to extend our gratitude to the SPE Norway Subsurface Conference, it was truly a privilege to participate.

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Powersim Software will attend the SPE Norway Subsurface Conference.

Norway’s only event dedicated to addressing well, drilling, completion, and reservoir management issues. The forthcoming SPE Conference in Bergen, scheduled for next week

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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