From forecasting to Strategy: Why pForecast Matters for Leadership
Production forecasts don’t just inform operations — they shape strategy.Yet many leadership teams still lack clear visibility into production outlooks, uncertainties, and sensitivities when making critical business decisions. We’ve launched a new pForecast resource page specifically for management — designed to turn complex forecasting data into clear, decision-ready insight. With the right visibility, leadership teams […]
Evaluate Incremental Production Impact with Greater Confidence
When evaluating new wells or development concepts, the key question is: what is the incremental impact compared to the base case? Understanding this difference is essential for assessing the true value of new investments, operational improvements, and development timing. Clear visibility into incremental production helps energy companies make more informed decisions, prioritize opportunities, and align […]
Powersim Software signs agreement with Vår Energi
Bergen, Norway—Powersim Software is pleased to welcome Vår Energi as a new client and is thrilled that they have chosen pForecast as part of their forecasting and decision-support toolkit. Through this agreement, pForecast will support Vår Energi with their production forecasting digitalization ambition. Deploying the software will help streamline the forecasting process and enable rapid […]
New Release: Export and Import of Assets
Breaking Barriers: Share Forecasts Across Teams & Partners We’re excited to launch a new collaboration feature built for the energy sector. pForecast now offers a smarter way to manage production forecasts — transparent, efficient, and designed for cross-asset collaboration. With just a click, export and import files across teams, assets or organizations. With pForecast you […]
pForecast release – Hierarchy Three Graphs
pForecast Just Got Smarter – A Smoother, More Visual Experience We’re constantly evolving pForecast to make your workflow faster and more intuitive. In this latest release, you’ll find powerful new tree graph features that visualize your model hierarchy, along with expanded Excel import options designed to simplify data handling like never before. pForecast brings your […]
pForecast Update: Enhanced Stability & Resilience
In the previous release of pForecast, we’ve also enhanced the core simulation engine to optimize resource management. These improvements not only boost stability and resilience but also deliver smoother, more reliable user experience. Smarter, Faster, and More Reliable Simulations in pForecast We’re excited to introduce numerous improvements to pForecast that make running complex simulations more […]
pForecast Update: A Smoother, Smarter User Experience
We’re making pForecast even more intuitive and efficient! Our latest update enhances usability with powerful new features designed to simplify workflows and improve data handling. New Table View for Better Navigation Easily switch between Table View and Grid View across key pages like Asset Selection, Company Administration, and Forecast Overview. Table View provides a streamlined, […]
Introducing Decline Curve Analysis in pForecast
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 […]