Wrap-up of 2024 from Powersim Software!
At Powersim, we’re celebrating a successful year with remarkable growth, expanding the team and introducing new features to pForecast. We’re thrilled with what we’ve achieved and can’t wait to see what lies ahead!
Product Enhancements
- January 15, 2024: Introduced the ‘Well Intervention’ feature, enabling users to simulate and manage well interventions within their forecasts.
- April 30, 2024: Released an update allowing seamless integration with customer databases, facilitating efficient data management.
- June 28, 2024: Launched ‘Well Dependencies,’ enhancing the realism and accuracy of production forecasts by modeling interdependencies between wells.
- September 25, 2024: Announced a new release focused on user-friendliness, incorporating several improvements developed over recent months.
Team Expansion and Strengthening
- October 1, 2024: Introduced Shirin Safarzadeh as the new Senior Product Manager, bringing expertise to lead pForecast’s development and align it with market needs.
- November 12, 2024: After a successful evaluation period, Powersim Software solidified its partnership with Cefalo to strengthen its software development team, ensuring the continuous improvement of pForecast.
- December 9, 2024: Welcomed Yeasin Abedin (Siam) as a full-stack developer, bringing valuable experience to the development team.
- December 2, 2024: Asraful Karim was welcomed as a front-end developer through Cefalo Bangladesh Ltd., further enhancing the user interface and experience of pForecast.
Engagements and Industry Participation
- October 31, 2024: Powersim Software participated in the NORWEP Hackathon workshop focused on Lower Emission Technology & Energy Transition in Stavanger.
- October 9, 2024: The company announced its attendance at the upcoming NORWEP workshop, highlighting its proactive involvement in industry events.
- August 30, 2024: Powersim Software attended ONS 2024, expressing enthusiasm for the event and appreciation for Norwegian Energy Partners’ support.
- April 23, 2024: Attended the SPE Norway Subsurface Conference, showcasing pForecast’s capabilities to industry professionals.
Client Engagements
- March 20, 2024: Another operator began evaluating pForecast, reflecting growing interest in the application.
- February 6, 2024: A new operator started evaluating pForecast, indicating expanding market reach.
These developments reflect Powersim Software’s ongoing commitment to innovation, team growth, and active participation in the energy sector, reinforcing pForecast’s position as a leading forecasting solution in the Oil & Gas industry.
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