Bergen, 11 October 2023 – Powersim Software AS, a leading provider of statistical analysis and production forecasting for the energy sector, is proud to unveil a significant corporate contract with Equinor on the Norwegian Continental Shelf (NCS).

pForecast will provide Equinor with reliable and systematic production forecasts over the five-year contract with its capabilities to amalgamate uncertainties from domains such as subsurface, drilling, and operations. The collaboration is a testament to Equinor’s trust in Powersim’s technology and its ongoing efforts to adopt modern solutions in its operations.

Equinor, recognised for its sustainable energy production practices, has chosen Powersim’s pForecast SaaS solution to streamline its production forecasts further, emphasising the tool’s utility in enhancing decision-making, improving efficiency, and supporting the energy production process.

Tone Haveland – Powersim Software CEO, highlighted the significance of the collaboration, stating: “We are thrilled to embark on this journey with Equinor. This collaboration underscores the value and potential of our pForecast SaaS solution in the energy sector to drive sustainability, efficiency, and innovation. Together with our clients, we aim to provide reliable tools to aid in the evolving landscape of energy production.”

In the coming years, Powersim Software anticipates a productive collaboration with Equinor, aiming to offer consistent support and adapting the pForecast SaaS solution to meet Equinor’s ever-evolving needs.

About Powersim Software AS

Established in 2002 and headquartered in Bergen, Norway, Powersim Software AS specialises in crafting bespoke tools for forecasting and analysing intricate dynamic challenges. Their client base includes notable operators on the NCS and has a growing presence in the international market.

About Equinor ASA

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