We attended cluster gathering by GCE Ocean Technology

Last week, we had an amazing time meeting incredible people passionate about and actively working towards the green shift to create a better future. Huge thanks to GCE Ocean Technology for putting together such an inspiring conference. Together, we will make a difference!

Easter holiday

The Powersim Software team wishes you a happy Easter holiday! During the Easter holiday, our office will be closed on the following days:   The Easter holiday in Norway is a time filled with different traditions. While it’s a common myth that all Norwegians visit their mountain cabins for skiing during Easter, the reality is that […]

zeb develops simulation and stress-test models for large banks using Powersim Studio

zeb develops simulation and stress-test models for large banks using Powersim Studio In the banking industry, simulation and stress test models are required from a managerial perspective as well as from a regulatory perspective. To provide high-quality scenarios and estimates, a holistic bank model needs to be defined based on various value and risk drivers […]

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 […]

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 […]

Celebrating 20 yrs Anniversary

Back on December 2nd of 2002, Powersim Software AS was established in Bergen, Norway, and this year we are immensely proud to celebrate our 20th Anniversary! Please join us when we revisit our history and take a trip down memory road. The Foundation Powersim Software is a technology company established based on the software tool […]