Attending the SPE Norway Subsurface Conference

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 and gas pioneers in Norway and learn more about their challenges. We really look forward to working across companies […]

Powersim Software will attend the SPE Norway Subsurface Conference

Powersim Software will attend the SPE Norway Subsurface Conference SPE Conference in Bergen takes place next week, hosted by Equinor. Powersim Software will be there to meet with oil and gas professionals to hear their prominent challenges and see how our software, pForecast, can help to generate the best possible forecast for the most challenging […]

Powersim Software signs agreement with Arribatec

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 with Arribatec Cloud. 

Cognite Data Fusion

Cognite Data Fusion We are happy to announce that the export of approved forecasts to Cognite Data Fusion (CDF) now covers a much larger range of estimates, in accordance with Aker BP ASA requirements. This feature is developed as part of phase 3 of Supersprint 6 (SS#6) together with Aker BP.  For further information contact us. 

Corporate Roll-up, a new feature of pForecast

Corporate Roll-up, a new feature of pForecast We are glad to announce that the pForecast development team has added new functionality to the pForecast software. Corporate roll-up analyses are now supported! Corporate roll-ups take the current hierarchy in pForecast to a new level, the corporate level. A corporate roll-up is a cumulation of values for […]

pForecast provides a comprehensive data package for production profiles

pForecast performs both deterministic and stochastic analyses and generates unbiased production forecasts. The presented article provides a brief overview of the powerful reporting functionality in pForecast.   In pForecast, the user can choose between yearly or monthly plot granularity. It is also possible to present both stream day rates, assuming 100 percent uptime, and calendar day […]

Considering uncertainties as an integral part of production forecasting

Oil price volatility over the past few years has made oil and gas companies more short-term focused than ever. This approach has arisen the necessity for a method that considers all the uncertainties involved in production forecasting both for long and short-term forecasting. It is also a common fallacy that forecasting is a subsurface-centric task. […]

Powersim attended OTD Energy 2021

Powersim attended OTD Energy 2021 We would like to thank OTD Energy and Norwegian Oil & Gas for a fantastic fair. Powersim Software had this opportunity to present pForecast alongside Aker BP. Together we gave a brief overview of The First Steps towards Automated Production Forecasts. Aker BP addressed the challenges they face, and Powersim Software […]

Supersprint 6 together with Aker BP

Supersprint 6 together with Aker BP The pForecast team has finalized the second phase of the 6th Supersprint (SS#6) along with Aker BP. Phase 2 of SS#6 includes cutting-edge improvements for the end user, such as the possibility to limit production based on lack of injection. The pForecast team has finalized the second phase of SS#6 with Aker BP.   Phase 2 of SS#6 includes many improvements for the end user, and some major updates to the dynamics […]

Powersim Software will be at OTD ENERGY 2021

Powersim Software will be at OTD ENERGY 2021 We are thrilled to announce that we will be attending OTD Energy 2021 from 20-21 October in Stavanger. We will be presenting  “First steps towards automated production forecast”  alongside Aker BP at 13:00 on 21st October.  We will be happy to have a discussion with you about new cloud-based technology for […]