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 additional three years.

Under this agreement, pForecast will provide Aker BP with reliable and systematic production forecasts throughout the three + three years contract. Leveraging its advanced capabilities, pForecast can effectively incorporate uncertainties from various domains, including subsurface, drilling, and operations. The collaboration between Powersim Software and Aker BP showcases the latter’s trust in Powersim’s cutting-edge technology and its commitment to embracing modern solutions in their operations.

Renowned for its sustainable energy practices, Aker BP has chosen Powersim’s pForecast Software-as-a-Service (SaaS) solution to streamline its production forecasts further. The purpose of this agreement is to provide a solution that will enable Aker BP to improve the quality of its hydrocarbon production forecasts. The solution shall enable the user to derive and analyse production and sales forecasts with quantified uncertainties that reflect the key input and uncertainty drivers for the production of hydrocarbons. The decision underscores the tool’s effectiveness in supporting decision-making processes, enhancing operational efficiency, and driving sustainable energy production.

Looking ahead, Powersim Software anticipates a fruitful relationship with Aker BP, aiming to offer continuous support and adapt the pForecast SaaS solution to meet the evolving needs of the company.

About Powersim Software AS

Founded in 2002 and headquartered in Bergen, Norway, Powersim Software AS specialises in developing customised tools for forecasting and analysing complex dynamic challenges. With a growing customer base that includes notable operators on the Norwegian Continental Shelf (NCS), Powersim Software continues to lead the way in providing innovative solutions for forecasting and analysis.

About Aker BP ASA

Please visit: https://akerbp.com/en/about-us/

For more information on about Powersim Software AS and its services, please visit www.powersim.com