A new operator is evaluating the pForecast application

A new operator is evaluating the pForecast application As the interest in pForecast continues to grow, we extend an invitation for you to be the next operator to evaluate its potential. Enjoy the free option to test the application, all without any further obligations. On the  Norwegian continental shelf, pForecast by Powersim Software stands out […]

New pForecast feature; Well Intervention

New pForecast feature; Well Intervention With the latest release of pForecast, back in December 2023, we introduced a new feature regarding well intervention. This feature allows you to set up a well intervention schedule to quickly analyse how the intervention will influence your current forecast while still considering constraints and uncertainties for the forecast. Compare […]

Introducing our new Quality Assurance Engineer

We would like to introduce you to our latest team member, Arnlaug Bøe, who has joined the Powersim team! We are happy to welcome Arnlaug Bøe to the Powersim Software team, she started in her position on July 1st 2023, but has worked with us as a project employee since early 2020 and made a […]

New pForecast feature; Facility-2-Facility

New pForecast feature; Facility 2 Facility We would like to highlight a new feature that we launched in pForecast in early July 2023. It is the possibility of connecting one facility to another on the asset level.   In the oil and gas industry, it is common to find multiple production facilities within a single asset. […]

We attended cluster gathering by GCE Ocean Technology

We attended cluster gathering by GCE Ocean Technology Last week, we had an amazing time meeting incredible people passionate about and actively working towards the green shift to create a better future. Huge thanks to GCE Ocean Technology for putting together such an inspiring conference. Together, we will make a difference!

How to model Capacity Upgrade in pForecast

How to model Capacity Upgrade in pForecast A new video covering another corner case has been added to the section called Appendix A of the user manual. You normally need a shut-in period during the process of facility upgrading. Since the duration of the shut-in period is uncertain, the last day of the shut-in period […]

What’s new in 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 analyses are enhanced.  The way pForecast handles drilling schedule has improved, now allowing for defining an unlimited number of drilling targets within […]

Cluster Insight with Powersim Software

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.  Cluster Insight offers a glimpse into the daily operations of GCE Ocean […]

How to model Slot Recovery in pForecast

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.  In the case of modelling a side track, pForecast can automatically shut down the existing well when the drilling of the new […]

Powersim Software joins GCE Ocean Technology

Powersim Software joins GCE Ocean Technology We are among 19 new companies to join the cluster GCE Ocean Technology in 2022.  Powersim Software is one of the highlighted members.