Smooth and efficient updates
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
What’s new in pForecast?
The modern and cloud-based architecture of pForecast enables continuous deployment of new features and unlimited scaling. In the February 2023 release, the performance of stochastic analyses and incremental profiles
Cluster Insight with Powersim Software
One of the biggest challenges at the moment is to get hold of experienced employees so that we can continue to deliver new functionalities in accordance with our customers’ needs in the future, says CEO Tone Haveland.
How to model Slot Recovery in pForecast
We are proud to announce that we now have a new video covering extraordinary cases. We have added them to a new section called Appendix A.