Powersim Software
Powersim Software is a Norwegian software company specializing in production forecasting, uncertainty analysis, Monte Carlo simulation, and System Dynamics modeling. For more than 20 years, we have helped organizations transform complex operational data into better decisions through forecasting and simulation software. Our solutions are used worldwide across the energy industry and other sectors where understanding risk, uncertainty, and system behavior is critical.
pForecast
Advanced production forecasting for Oil & Gas
pForecast seamlessly integrates your production data to support efficient analysis, reporting, and collaborative forecasting across your organization.
Our flagship solution brings exceptional forecasting power and flexibility to the Oil & Gas industry. pForecast enables accurate and collaborative production forecasting across assets, teams and organizations — no matter the size of your company. Using Monte Carlo simulations gives decision-makers a complete, risk-aware understanding of their production potential.
Powersim Studio
Create System Dynamics models
Build System Dynamic simulation models for business, engineering and research using industry-proven System Dynamics technology.
Powersim Studio is a proven System Dynamics modeling and simulation platform trusted worldwide to address complex challenges in asset management, water resource management, business strategy, and operational planning. The platform also serves as the modeling foundation for pForecast, providing continuity, reliability, and proven simulation capabilities.
Trusted by major oil companies
pForecast supports production forecasting and uncertainty analysis for major operators on the Norwegian Continental Shelf.
See how operators use pForecast to improve production forecasting.
Latest news
'Sea Sparkle' - Simulator of bioluminescent red Noctiluca blooms
An ecology simulator from ARK Dynamics UK.
Have you been hunting bioluminescent Noctiluca
Summer Greetings from Powersim Software
As summer is in full swing, we would like to wish all our customers, partners, and friends a wonderful holiday season.
2026 International System Dynamics Conference
Our reseller partners are sharing their expertise through presentations, workshops, and a special event at next week’s System Dynamics Conference.
Forecasting and Simulation Software for Better Decisions
Powersim Software develops simulation software, and we currently offer two flagship products:
- pForecast – this solution provides a cloud-based production forecasting for the oil & gas industry.
- Powersim Studio – System Dynamics simulation software for building decision-support models.
Our software helps organizations:
- Forecast future performance under uncertainty
- Quantify risk using Monte Carlo simulation
- Model complex systems and dependencies
- Support operational and strategic decision-making
- Improve planning across teams and assets
FAQ Section
pForecast is a collaborative production forecasting platform for the oil and gas industry that combines deterministic forecasting with probabilistic analysis and Monte Carlo simulation. This solution is a SaaS solution and is developed by Powersim Software.
Powersim Studio is a System Dynamics modeling and simulation platform used to analyze complex systems, evaluate scenarios, and support strategic decision-making. This off-the-shelf software is a desktop solution developed by Powersim Software.
Monte Carlo simulation is a method for quantifying uncertainty by evaluating thousands of possible outcomes based on probability distributions.
System Dynamics is a simulation methodology used to understand how complex systems evolve over time through feedback loops, delays, and interdependencies.