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 […]

Powersim Software cruised along to Hywind Tampen at Sløvåg

We want to extend our appreciation to GCE Ocean Technology, Equinor and DnB for organising an unforgettable boat trip to experience the world’s largest floating wind park, Hywind Tampen. The Vision of the Fjords tour provided us with an up-close view of the floating turbines at Wergeland Base in Sløvåg, which was truly a remarkable […]

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 […]

Powersim Software meets up with Norwegian Energy Partners

Exciting news regarding our new collaboration partner Norwep! Last week we had the pleasure of meeting with Tore Moe, Director of Oil & Gas in Australia, Malaysia, and Indonesia. During our meeting, we had the opportunity to showcase our innovative SaaS solution, pForecast. We discussed how we can expand our horizons and promote pForecast in […]

How to model Capacity Upgrade in pForecast

A new video covering another corner case has been added to the section called Appendix A of the user manual. You normally need a shut-in period during the process of facility upgrading. Since the duration of the shut-in period is uncertain, the last day of the shut-in period is unclear and that can be challenging […]

Powersim Software becomes a member of Norwegian Energy Partners

We would like to share with you that we have become a member of Norwegian Energy Partners! We look forward to being part of the vision Norwegian Energy Partners have to strengthen the long-term value creation and employment in the Norwegian energy industries through focused international efforts, building on the collective competitiveness of our partner […]

What’s new in pForecast?

What’s new in pForecast? The modern and cloud-based architecture of pForecast enables continuous deployment of new features and unlimited scaling. In the February 2023 release, the performance of stochastic analyses and incremental profiles analyses are enhanced. The way pForecast handles drilling schedule has improved, now allowing for defining an unlimited number of drilling targets within […]

Cluster Insight with Powersim Software

– One of the biggest challenges at the moment is to get hold of experienced employees so that we can continue to deliver new functionalities in accordance with our customers’ needs in the future, says CEO Tone Haveland.  Cluster Insight offers a glimpse into the daily operations of GCE Ocean Technology partners and members through […]

How to model Slot Recovery in pForecast

We are proud to announce that we now have a new video covering extraordinary cases. We have added them to a new section called Appendix A.  In the case of modelling a side track, pForecast can automatically shut down the existing well when the drilling of the new wellbore starts. In this video, you will […]