Introducing Decline Curve Analysis
We are excited to introduce a groundbreaking new functionality in pForecast: Decline Curve Analysis (DCA)! This advanced feature empowers users to refine and update production forecasts with precision, leveraging historical production data. With DCA, users can seamlessly model the future production performance of wells and fields based on observed trends, enabling more accurate predictions and […]
New release of pForecast – User friendliness
New Release of pForecast – Enhanced User Friendliness We’re excited to announce a new update of pForecast, featuring several new additions and improvements developed over the summer and early fall. This autumn release focuses primarily on enhancing user-friendliness, a key priority for us. Additionally, this update includes bug fixes based on feedback from our valued […]
Powersim Software attended ONS 2024
We have to agree, it was the best ONS ever! We want to thank Norwegian Energy Partners for allowing us to take part as Hosting Company together with them on this year’s ONS 2024 conference. We were delighted to meet and be introduced to so many interesting people during our time in Stavanger, both at […]
Powersim Software will attend ONS 2024
We’re excited to participate as Hosting Company together with Norwegian Energy Partners in this year’s ONS 2024 conference, where we’ll hear from industry leaders and connect with new acquaintances. We’re eager to share how pForecast can help you digitalize and streamline your production forecasting. Enhance your asset models by integrating uncertainty at every level, allowing […]
Experience the power of pForecast for FREE
On our new web page, Try pForecast, we have provided information on how our prospective users may try out pForecast. We highly recommend beginning with scheduling a demo with our product experts. This will provide you with a guided tour of the tool and its capabilities. If you become as excited about pForecast as our […]
Effect of rig availability and non-drilling plans on drilling schedules
Effect of rig availability and non-drilling plans on drilling schedules This article explains how pForecast allows users to input drilling plans and consider the effects of rig availability and non-drilling periods on future production. The rig availability factor is entered as a percentage in pForecast and influences the drilling schedule performance. Meanwhile, non-drilling periods with […]