About pForecast
Powersim Software is the provider and developers of the pForecast solution
The pForecast Software as a Service (SaaS) solution helps the petroleum industry to consider uncertainties as an integral part of their prognostic work.
pForecast is a statistical analysis software to digitalize, simplify, and standardize how production forecasts are generated and utilized. Furthermore, pForecast performs a full life-time simulation of the production and injection forecast including historical data, in keeping with the industry’s ever-increasing need for agility. pForecast provides our clients with the tools they need to generate the best possible forecasts, even for their most complex reservoirs.
We bring production forecasting into a future-oriented SaaS solution with pForecast.
Powersim Software – your cutting-edge forecasting partner!
pForecast timeline
pForecast, a powerful SaaS solution developed by Powersim Software, represents a significant evolution in production forecasting for the Oil & Gas industry. Built on decades of experience in advanced modeling and simulation, pForecast integrates cutting-edge algorithms, seamless data integration, and user-friendly interfaces to deliver highly accurate and actionable forecasts.
Since its inception, pForecast has continuously evolved, incorporating feedback from industry leaders and adapting to the ever-changing demands of the energy sector. The pForecast timeline highlights key milestones in its development, showcasing how it has grown to become an essential tool for digitalizing and streamlining production forecasts. From initial releases that introduced groundbreaking features like Corporate Roll-up and Drilling Plans including uncertainty to the latest enhancements that ensure flexibility, precision, and ease of use, pForecast’s journey reflects a commitment to innovation and excellence.
Below, you’ll find a highlighted milestone from each year of this extensive work.
2020
pForecast was used for multiple offshore assets at Equinor for Bay de Nord in Canada
