New feature: Incremental profiles analysis

New feature: Incremental profiles analysis We are excited to announce that the new feature of pForecast, incremental profiles analysis, is now available to all pForecast users. This new feature in pForecast enables users to derive incremental profiles in a reliable, efficient, and easy way, providing the necessary basis for decision-making and risk management.   As you […]

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. 

Powersim Software signs agreement with Aker BP

Powersim Software signs agreement with Aker BP Bergen, Norway – Powersim Software, a leading provider of forecasting and analysis solutions, has recently announced the signing of a significant agreement with Aker BP. This framework agreement entails the application of Powersim’s pForecast Cloud solution for the next three years, with an option to extend for an […]

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-ups take the current hierarchy in pForecast to a new level, the corporate level. A corporate roll-up is a cumulation of values for a selected set of assets. The […]

pForecast transitions to a SaaS solution

pForecast transitions to a SaaS solution On February 2022, Powersim Software proudly launched pForecast as a Software as a Service (SaaS) Solution. Gone are the days of cumbersome installations and complex setups. With pForecast’s transition to a SaaS solution, users now have the freedom to access the software directly through their web browsers, reducing the […]

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. […]