pForecast Resources
Start your journey with pForecast by exploring our free resources
pForecast resources provides information for pForecast through the online user manual, videoes, brief articles and FAQ.
Introduction videos to pForecast
These two videos will give you a thorough introduction to what pForecast is and why pForecast is the correct choice for you and your company. We highly recommend watching them before heading off into the User Manual and educational videos.
Before getting started
An overview of our uncertainty-centric SaaS, pForecast. In this video, you will learn what pForecast is and how it can help you and your company.
Getting started video
An overview of the main features and capabilities of pForecast. We have covered all that you need to get started!
Articles about pForecast
This article section will cover general concepts of pForecast.
You may read the full text online below or download, print and share these articles with your colleagues.
Incremental Profiles Analysis in pForecast
Several factors, such as introducing new fields, new wells, or performing facility upgrades and maintenance, affect the production of already producing fields. This is mostly
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
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
pForecast User Manual
pForecast is a software as a service solution to digitalize, simplify, and standardize how production forecasts are generated and utilized.
Get started with using the pForecast software by reading the pForecast User Manual. The manual covers essentials steps and how-to and will enable you to be familiar with the software.
pForecast User Manual - Videos Library
Videos accompanying the pForecast User Manual. Videos and the user manual complement each other, which enhances your understanding of pForecast. The videos will give you a quick introduction to each section and its features.
Chapter 1: Accessing pForecast
Chapter 2: Asset Configuration
Chapter 3: Forecast Configuration
Chapter 4: Scenario Configuration
Chapter 5: Running the Simulation
Chapter 6: Corporate Analysis
Chapter 7: Incremental Profiles
Appendix A: Corner cases
Frequently Asked Questions on the pForecast solution
Below you will find answers to our most frequently asked questions.
If you don’t find what you are looking for, please contact us or call us at +47-55 60 65 00 weekdays from 8 AM to 4 PM.
No. pForecast is offered as software as a service (SaaS), whenever and wherever you have access to the internet and compatible internet browsers (Chrome, Edge, etc.), you may use the software.
pForecast complies with the rules of a SaaS solution, using Azure AD for the identification of each user.
Powersim offers technical support but often super users within your company are drilled to handle company-specific questions.
Yes. pForecast can currently be connected to Cognite Data Fusion (CDF). Other connections can be made on demand.
No. pForecast is not a substitute for subsurface tools, such as Eclipse and ResX. The output of such tools acts as an input to pForecast.
Data are imported through Excel workbooks being uploaded to the pForecast server. Pre-made templates are available for each information type, and these may be downloaded from pForecast. For rapidly changing data, like historical values, you may connect to Cognite Data Fusion (CDF) to have an automatic import every day. Connections to other databases than CDF can be developed on demand.
Yes. pForecast supports corporate roll-up analysis which is a cumulation of values for a selected set of assets. It can be used to roll up several assets with overlapping owner shares and different aggregation subsets.
Yes. For example, for newly drilled wells with no historical data, you just need to import the production forecast.
Yes and no. If you choose to ignore historical data, the accumulated production will be too low, because pForecast cumulates historical and future production to determine the accumulated production volume.
pForecast Glossary
This glossary provides a summary of the most used terminology in the pForecast software.
Asset:
An asset in this context is a group of fields that share data.
Business Unit:
Business unit and asset are used interchangeably.
Capacity limitation priorities:
If capacity constraints limit your production, you have several ways of prioritizing the order in which wells will be choked. If you specify the default GOR or water cut, these values will be used instead of the calculated water cut or GOR. The priority groups are considered before GOR and water cut in a two-step prioritization approach. A low priority means being among the first wells to be choked and vice versa.
Cluster:
Clusters are used to group wells and to constrain the production and injection to the capacity of that group. Clusters can be routed to other clusters; there can be up to four levels of clusters in a facility.
Corporate Analysis:
Corporate roll-up analyses are cumulations of values for a selected set of assets. The users can create as many roll-ups as they wish, for corporate-wide analyses and reports.
Cut-off:
There are four criteria you may specify to cut the well production permanently: at a given rate, at a given volume, on a given date, and at drilling start of another well.
Field:
An area in which there are one or several reservoirs. You import data for one field at a time. The field information is used for reporting purposes.
Gas Formation Volume Factor (Bg):
his is the ratio of the gas volume at reservoir condition to its corresponding volume at the standard condition (P = 101.325 kPa and T = 288.15 K). In pForecast, it is used for Voidage Management.
GOR:
Gas-Oil ratio (Rs): This is the ratio of the volume of gas that comes out of the solution to the volume of oil at standard conditions (P = 101.325 kPa and T = 288.15 K)
Oil Formation Volume Factor (Bo):
This is the ratio of the oil volume at reservoir condition to its corresponding volume at the standard condition (P = 101.325 kPa and T = 288.15 K). In pForecast, it is used for Voidage Management.
PVT:
This is the abbreviation for pressure, volume and temperature.
Regularity :
In pForecast, we use regularity for constraints on injection, which can be between zero and one. If you want to specify regularity for production, you should specify PE (Production Efficiency).
RNB:
Operating companies in Norway shall submit their forecasts to the Revised National Budget (RNB). In pForecast, under the RNB, a structure of RNB profiles and projects can be defined.
Rs:
Rs and GOR are used interchangeably.
Voidage factor:
In pForecast, voidage factor is a user input, and it means the same as Voidage Replacement Ratio (VRR). It is defined as follows:
Voidage group:
Used to group producing wells and injector wells on the same reservoir in connection with Voidage Management. A specific voidage factor will be assigned to each voidage group.
Volume-based profile:
By turning on this toggle, the total volume of the production potential will be preserved even if there are limitations on the production. Such limitations could be production efficiency, shut-down periods, and potential reductions due to capacity limitations.
This glossary is a living document and will be updated frequently. If you are a pForecast user and think that some terms are missing or that more explanation is needed, you are very welcome to contribute. Please send an email to pForecast@powersim.no and we will get back to you!
If you would like to schedule a private session for you and your colleague to get a broader demonstration of pForecast, do not hesitate to contact us.