2025 was a year of significant growth and product innovation for Powersim Software, driven by major improvements in its forecasting platform pForecast.
In 2025, pForecast became faster, more user-friendly, and more widely adopted across the Norwegian Continental Shelf. New features improved simulation speed, visualization, and collaboration—helping energy companies make better, data-driven decisions.
What were the key achievements for Powersim Software in 2025?
Powersim Software’s main achievements in 2025 were improved product performance, expanded functionality, and increased adoption among leading oil and gas operators.
Key highlights include:
- Faster and more efficient simulations
- New features for visualization and collaboration
- Wider adoption across the Norwegian Continental Shelf
- Stronger support for data-driven decision-making
Together, these advancements strengthened pForecast as a decision-support tool for complex forecasting in the energy sector.
How did pForecast improve simulation performance in 2025?
pForecast improved simulation performance through optimizations such as smart caching and more efficient model execution, significantly reducing computation time.
Enhancements included:
- More efficient handling of complex models
- Reduced simulation time through optimized calculations
- Make decisions with less delay
For companies working with large and complex asset portfolios, this directly translates into better responsiveness and more agile planning.
What new features were introduced in pForecast?
In 2025, pForecast introduced several new features designed to improve usability, collaboration to make forecasting more intuitive and powerful.
Key feature improvements include:
- Enhanced visualization of asset relationships and dependencies
- Improved import and export functionality for easier data sharing
- More flexible model customization options
- Better tools for collaboration across teams
These features make it easier for teams to understand complex systems and work together on forecasting models.
Which companies are using pForecast?
pForecast is used by major operators on the Norwegian Continental Shelf, including Equinor, Aker BP, and Vår Energi.
The growing adoption among leading companies reflects the platform’s ability to support:
- Production forecasting
- Scenario analysis
- Risk-aware decision-making
This positions pForecast as a trusted solution within the oil and gas industry.
How does pForecast support better decision-making?
pForecast supports better decision-making by enabling users to simulate scenarios, assess uncertainty, and visualize outcomes.
Using techniques such as Monte Carlo simulation, teams can:
- Quantify risk
- Compare alternative strategies
- Make more informed investment and operational decisions
This is especially valuable in oil and gas, where uncertainty is high and decisions have significant financial impact
Why does this matter for the oil and gas industry?
Why does this matter for the oil and gas industry?
As the energy sector becomes more complex, companies need tools that combine speed, flexibility, and accuracy.
The improvements in pForecast in 2025 help address key industry challenges:
- Increasing data complexity
- Need for faster decision cycles
- Greater focus on risk and uncertainty
By improving how forecasts are built and used, Powersim Software contributes to more efficient and informed operations across the industry.
Looking ahead
Powersim Software continues to invest in improving pForecast to meet the evolving needs of the energy sector. Building on the progress made in 2025, the focus remains on delivering tools that enable faster insights and better decisions.
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