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.

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 analyseby 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

DO YOU WANT TO KNOW MORE?

REQUEST A DEMO

What our customers are saying

Forecasting and reporting of future production and injection

«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.» 

Frank Fosse, 
Senior Advisor, Equinor

Major Oil Companies Trust pForecast

Aker BP
Equinor

pForecast News

Coming soon:
Incremental profiles analysis

We are delighted to announce that the new feature of pForecast, incremental profiles analysis, has been developed as part of phase 3 of Supersprint 6 (SS#6) together with Aker BP ASA. 

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Attending the SPE Norway Subsurface Conference

We at Powersim Software AS would like to thank the Society of Petroleum Engineers International for a great subsurface conference! Yesterday we had a chance to meet with the oil 

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Powersim Software signs agreement with Arribatec

Powersim Software has signed an agreement with Arribatec Cloud about hosting of pForecast’s Software as a Service solution. We are looking forward to collaborating

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