pForecast References

pForecast – Trusted by the three largest Operators on the Norwegian Continental Shelf

When the three largest operators on the Norwegian Continental Shelf — Equinor, Aker BP, and Vår Energi — chose pForecast, it marked an important validation of our mission: to make forecasting simpler, smarter, and more reliable for the energy industry.

This milestone highlights our commitment to delivering reliable, data-driven tools that help operators improve forecasting accuracy, streamline workflows, and make smarter decisions across the Norwegian Continental Shelf.

Major Oil Companies Trust pForecast

We’re proud that the three largest oil and gas companies operating on the Norwegian Continental Shelf — Equinor, Aker BP, and Vår Energi — have all trusted pForecast as their preferred production forecasting solution.

“Our yearly RNB preparation dropped from 3 weeks to just 3 days after switching to pForecast.”

— pForecast customer, Operator on the NCS

What our customers are saying

“Equinor greatly values the significant role that Powersim's pForecast tool has played in advancing our reserve forecasting and reporting processes. This user-friendly, cloud-native solution has introduced a systematic and standardized approach, enhancing the accuracy and resilience of our reserve reporting while addressing the complex needs of our diverse assets. By seamlessly integrating and aggregating data from multiple sources, pForecast has streamlined our reserve forecasting and reporting practices, providing a reliable and scalable forecasting method.”
Ali Mojaddam ZadehToolbox Advisor, Equinor
Ali Mojaddam Zadeh
“Our goal is to deliver high-quality production forecasts in an efficient and consistent manner. pForecast offers us capabilities to combine uncertainties from the subsurface, drilling and operation domains. We use pForecast for a wide range of applications, including regular forecast updates and providing profiles for evaluation of project economics. The simulations are quick, and the result dashboard facilitates efficient communication between the users and decision makers. pForecast has helped to raise the quality of our production forecasts and has enabled us to gain more insight from our forecasting efforts.”
Morten HeirVice President Exploration & Reservoir Development, Aker BP
Morten Heir
“Standard, simple, systematic, and efficient are the right words to describe pForecast in a concise manner! As one of the first pForecast users, I found it an efficient tool for forecasting production & injection profiles within operational capacities and limits. It is the only standard tool fitting for reporting purposes, tracking changes and storage. Moreover, it is a perfect tool for applying last-minute changes in the reporting processes, and a relief from all the ad-hoc and erratic excel files created by different users.”
Masoud AsadollahiPrincipal Reservoir Engineer, Equinor
Masoud Asadollahi
«Risk evaluation of production prognoses are commonly used within the oil and gas sector. What is unique with the Powersim Studio solution, is that uncertainties are considered an integral part of the prognosis work, not an activity applied after the base prognosis is established.».”
Frank FosseSenior Advisor, Equinor
Frank Fosse

“User friendly interface. Cloud solution. Great user support.»

“Ability to easily test different scenarios.”

“Great tool to integrate uncertainty from all disciplines into a forecast with realistic uncertainty-ranges.”

“I like the possibility to update facilities, potentials, forecasts etc. with excel sheets.”

“Realistic and consistent generation of predictions and ranges from inputs (potentials, constraints, uptime shut-ins ….), something which is not evident by manual methods (laborious and hard to get consistent).”

“pForecast simplifies and standardize the forecasting process across the company. It allows us to spend less time on forecasting tasks and enables us to spend the time more efficiently.”

«Forecast has simplified our forecasting as compared to the earlier manual methods we used for developing long-term forecasts. pForecast handles everything from historical data through forecast for existing wells and future drilling targets to production efficiency and production capacity limitations. I can whole-heartly give my recommendation of pForecast»

User of pForecast | Reservoir Engineer, Equinor

“The extensive and powerful reporting functionality in pForecast allows me to create the reports I need for all the different reporting tasks I’m given, from the yearly national reporting to the NPD through internal forecasts and subsequent quarterly forecast updates.”

User of pForecast

“The user manual videos seems very professional, and much of this seems to be a very good basis for an instructional program. Very good!”

“User-friendly dashboard, the explanations for each button when you hover over the button.”

Dream scenario for pForecast

One user described their dream scenario as having a forecasting tool that truly embraces uncertainty — and that’s exactly what pForecast delivers: an uncertainty-centric software for production forecasting.