Powersim Software AS Information

Powersim Software AS is a Norwegian company based in Bergen, recognized as a leader in forecasting and strategic simulation software. For more than two decades, we have helped organizations — particularly within the energy sector — transform complex data into confident decisions. Our flagship solution, pForecast, is a state-of-the-art SaaS platform that brings exceptional forecasting power and flexibility to the Oil & Gas industry. Designed for both operators and non-operators, pForecast enables accurate and collaborative production forecasting across assets, teams, and organizations — no matter the size of your company. What sets pForecast apart is its integrated approach to uncertainty management. Rather than treating uncertainty as an afterthought, pForecast embeds it directly into the forecasting workflow. Using Monte Carlo simulations, it provides a clear view of low, expected, and high outcomes — giving decision-makers a complete, risk-aware understanding of their production potential. pForecast performs full-lifetime simulations of production and injection forecasts, drawing on historical data, drilling and intervention schedules, and capacity constraints. The result is a transparent, traceable, and agile forecasting process — designed to support the evolving digital transformation of the energy industry. Beyond pForecast, our legacy software Powersim Studio is trusted worldwide to tackle dynamic challenges across industries such as asset management, river water management, and gas network optimization. Studio also forms a vital foundation for our cloud-based solution, ensuring continuity, reliability, and proven modeling performance. At Powersim Software, we combine deep domain expertise with innovative technology to empower better forecasting, planning, and decision-making. Our mission is to help clients gain clarity amid complexity — turning data into insight, and insight into action.