A new operator is evaluating the pForecast application
As the interest in pForecast continues to grow, we extend an invitation for you to be the next operator to evaluate its potential. Enjoy the free option to test the application, all without any further obligations. On the Norwegian continental shelf, pForecast by Powersim Software stands out as a groundbreaking application, receiving increased attention from […]
New pForecast feature; Well Intervention
With the latest release of pForecast, back in December 2023, we introduced a new feature regarding well intervention. This feature allows you to set up a well intervention schedule to quickly analyse how the intervention will influence your current forecast while still considering constraints and uncertainties for the forecast. Compare different scenarios, to get instant […]
Simplifying the cloud journey for Powersim
Powersim Software has emerged as a game-changer in the energy industry landscape, offering a suite of business tools for forecasting and analysing complex dynamic challenges. In 2022, Arribatec entered a partnership with Powersim Software with a mission to fully utilise the automation and flexibility benefits of the cloud. Their products, pForecast and Powersim Studio have […]
Powersim attended contract course with CMS Kluge Law Firm
Thank you to GCE Ocean Technology for inviting us to attend the course with CMS Kluge Law Firm to focus on negotiations and contract execution within the offshore sector. The course emphasised practical aspects of negotiations and contract execution for the purchase and sale of goods or services in the offshore sector and will be […]
Introducing our new Quality Assurance Engineer
We would like to introduce you to our latest team member, Arnlaug Bøe, who has joined the Powersim team! We are happy to welcome Arnlaug Bøe to the Powersim Software team, she started in her position on July 1st 2023, but has worked with us as a project employee since early 2020 and made a […]
New pForecast feature; Facility-2-Facility
We would like to highlight a new feature that we launched in pForecast in early July 2023. It is the possibility of connecting one facility to another on the asset level. In the oil and gas industry, it is common to find multiple production facilities within a single asset. Such facilities are strategically deployed based […]
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 […]