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 […]

Powersim Software becomes a member of GCE Ocean Technology

We are excited to share that we have now become a member of GCE Ocean Technology!   We look forward to being part of the large network of companies and organizations that operate within the ocean industries. Together we can work towards increased interaction and innovation with other partners and members.  We believe that we can […]

Powersim Software pitches for Skjoldblad

Thanks to GCE Ocean Technology for hosting the offshore wind supplier day last week in Bergen, where Powersim Software had the opportunity to pitch for the Skjoldblad consortium and meet with representatives from Iberdrola, TotalEnergies, and Norsk Havvind.  Our CEO was quoted on her statement on how focus was given to local supply chains:  “– […]

Offshore wind supplier’s day with Skjoldblad 

GCE Ocean Technology and Øygarden Næringsutvikling are inviting you to a Supplier’s Day with Skjoldblad: TotalEnergies, Iberdrola, and Norsk Havvind.  Skjoldblad wishes to meet the supplier industry in the Bergen region to establish new relations related to both Norwegian and international allocations of offshore wind. We at Powersim Software will look forward to having the […]

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 […]