pForecast

Powersim Software has developed the pForecast App as a state-of-the-art Software as a Service (SaaS) cloud solution, providing users with an exceptional forecasting experience. What sets pForecast apart from other solutions, is that uncertainties are an integral part of the prognosis work, not an activity applied after the base prognosis is established. pForecast quantifies uncertainties by using Monte Carlo simulations, allowing for the creation of forecasts with low, expected, and high values. pForecast performs full lifetime simulations of production and injection forecasts, including historical data, drilling and intervention schedules as well as capacity restrictions, in keeping with the industry's ever-increasing need for agility. The user-friendliness and interactive user interface of the pForecast App allows for easy navigation. Its feature’s enables users to create reliable forecasts with ease, duplicate your forecast to compare different plans and your strategies. The App offers features such as incremental analysis, corporate roll-up analyses, customizable reporting functionality and the ability to model planned and unplanned downtime on production profiles.