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 […]

Contest – 20 years celebration continues!

To mark the 20th anniversary of Powersim Software, we invite you to participate in our informal contest, and if you answer correctly, you will be entered in the draw to win special edition prizes! The contest will run until 31.12.2022. Related news: Powersim Software AS celebrates its 20th Anniversary with a 20% discount 

Powersim Software AS celebrates its 20th Anniversary​

Back on December 2nd. of 2002, Powersim Software AS was established in Bergen, Norway. During the last 20 years, we have developed Powersim Studio into excellency as well as worked on numerous projects together with our many customers, both in Norway and worldwide. During the last decade, we have developed the pForecast flagship, an application for Oil & Gas. ​ We want to reach out and thank all our previous and […]

Offshore wind conference – Science meets industry

We had the opportunity to attend the Science Meets Industry Conference which took place at the University of Bergen, and we want to thank Bergen Offshore Wind Centre (BOW), Norce, and GCE Ocean Technology for hosting the conference. We were able to mingle with a lot of new and interesting contacts. We look forward to […]

Powersim Software will attend OTD 2022

We look forward to participating in this year’s conference and attending the speed-dating event with Equinor Offshore Wind.  We can’t wait to meet players in the offshore wind industry. We would like to learn more about using our experience in the oil industry to make a greener future and adapt pForecast to offshore wind needs! pForecast is […]

pForecast vs. reservoir simulation tools

This video gives you an overview of the difference between pForecast and reservoir simulation tools and why it is beneficial to have both.  Using a weather forecast as an example, we explain the difference between utilizing pForecast compared to performing multiple reservoir simulations. Check out the video to get a quick introduction to the basics […]