.svg)
ORacle NetSuite
NetSuite ERP
for Oil and Gas
Oil and gas companies across the Middle East are managing project costs, procurement, and compliance across systems that were never built for the complexity of E&P or oilfield services operations. NetSuite ERP for Oil and Gas is built to handle all of it.
Explore Case Studies
Most O&G companies are tracking AFEs in spreadsheets, managing vendor procurement outside finance, and consolidating JV partner reporting manually every quarter. NetSuite implemented by Azdan is:
AFE-ready
JV-capable
Compliance-native
AFE Management & Project Cost Control
NetSuite ERP for Oil and Gas manages every Authorization for Expenditure inside NetSuite — with budget allocation, cost commitment tracking, OPEX and CAPEX visibility by well, project, and cost center, and real-time spend-versus-AFE reporting throughout the project lifecycle.
AFE budgeting and approval workflows — spend committed and tracked from day one- OPEX and CAPEX tracking by well, field, and project with real-time cost visibility
- Cost-to-complete forecasting — updated as procurement and field costs are recorded
- Production cost allocation — lifting costs and depletion tracked per asset and entity
Who it’s for
Finance and project control teams at E&P companies and oilfield services operators who need live AFE spend visibility connected to procurement and AP.
Outcome
Every AFE tracked against actual spend in real time, every cost center visible, and no overruns discovered too late to act.
Procurement, Vendor Contracts & Supply Chain
High-value equipment procurement, vendor contracts, drilling service agreements, and material supply chains all run inside NetSuite ERP for Oil and Gas — with purchase orders linked to AFEs, vendor performance tracked, and landed costs fully reconciled before AP closes.
- Purchase orders linked to AFE budgets and project cost centers
- Drilling and well service contracts — scope, milestones, and payment terms in NetSuite
- Material and spare parts inventory — critical spares tracked across warehouses and sites
- Landed cost tracking — import duties, freight, and handling costs reconciled to inventory
Who it’s for
Supply chain managers and procurement teams at O&G operators managing complex vendor networks, critical spares, and high-value service contracts across active projects.
Outcome
Every PO committed against an AFE, every vendor contract governed, and every material cost reconciled inside NetSuite.
JV Accounting, Finance & Regional Compliance
Joint venture cost allocation, partner billing, multi-entity consolidation, and regional e-invoicing all run inside NetSuite ERP for Oil and Gas — with GCC-compliant payroll for field and office staff and full audit-ready financial reporting across every entity and jurisdiction.
- JV cost allocation and partner billing — working interest splits and cash calls inside NetSuite
- Multi-entity consolidation — group P&L and project financials across all operating entities
- GCC-compliant payroll — field crews and office staff across UAE, KSA, and Egypt
- Regional e-invoicing — FTA, ZATCA, ETA, and JoFotara natively in NetSuite
Who it’s for
CFOs and financial controllers at O&G companies managing JV structures, multi-entity reporting, and regulatory compliance across GCC jurisdictions.
Outcome
Every JV partner billed accurately, every entity consolidated, and every compliance obligation met — from inside NetSuite.
Projects & Procurement
The cost and supply chain backbone
NetSuite ERP for Oil and Gas covers the full operational cost lifecycle — AFE budgeting and approval, OPEX and CAPEX tracking by well and field, vendor contract management, procurement, and critical spares inventory.
This includes:
- AFE management and cost-center spend tracking
- OPEX and CAPEX visibility by well, field, and project
- Vendor contracts and POs linked to AFE budgets
- Critical spares inventory and landed cost tracking
Finance & Compliance
JV-capable, e-invoicing native
JV cost allocation and partner billing, multi-entity consolidation, GCC-compliant payroll, and regional e-invoicing — all running inside NetSuite ERP for Oil and Gas with audit-ready financials across every entity and jurisdiction.
This includes:
- JV cost allocation and partner cash calls
- Multi-entity consolidation and group P&L reporting
- GCC-compliant payroll for field and office staff
- Regional e-invoicing — FTA, ZATCA, ETA, and JoFotara
.webp)
FAQ
Common Questions About Oil & Gas ERP
We've implemented NetSuite across E&P companies and oilfield services operators managing AFE cost control, JV accounting, and procurement across the Middle East — here's what project finance and CFO teams ask before committing.
Get to Know More
Can NetSuite manage AFE budgets, approvals, and actual spend tracking in real time per well and project?
Yes. Every AFE is approved and tracked inside NetSuite — with committed costs posted the moment a PO is raised, and actual spend visible against each AFE budget in real time throughout the project lifecycle.
How does NetSuite track OPEX and CAPEX separately by well, field, and cost center without manual coding?
NetSuite posts every transaction against the correct cost center, well, and project automatically at entry — giving finance a live OPEX and CAPEX split per asset and field without manual journal adjustments at month-end.
Can NetSuite link purchase orders directly to AFE budgets and flag overruns before commitments are made?
Yes. Every PO is raised against a specific AFE line inside NetSuite — with budget availability checked at the point of approval, so overcommitments are blocked or escalated before spend is committed in the field.
How does NetSuite handle JV cost allocation, working interest splits, and partner cash calls?
JV structures are configured inside NetSuite with partner working interests and cost-sharing rules — allocating every transaction automatically and generating partner cash calls and billing statements without manual spreadsheet calculations.
Can NetSuite manage drilling and well service contracts — scope, milestones, and payment terms — connected to procurement?
Yes. Vendor contracts, milestone schedules, and payment terms are managed inside NetSuite and linked to AFE budgets — so every service invoice is matched against the contracted scope before AP processes it.
Does NetSuite give finance a live view of production cost per barrel, lifting costs, and depletion across all assets?
Yes. NetSuite tracks production cost allocation, lifting costs, and depletion per asset and entity in real time — giving financial controllers an accurate cost-per-unit view without waiting for a manual period-end allocation run.
How long does implementation take for an O&G company with AFE management, procurement, and JV accounting in scope?
A full oil and gas implementation covering AFE cost control, procurement, JV accounting, and finance typically runs 16 to 24 weeks — depending on entity count, JV structure complexity, and data migration scope.
How does Azdan migrate existing AFE records, open POs, vendor contracts, and historical project cost data into NetSuite?
Azdan extracts and transforms all project and financial data — AFE structures, committed POs, vendor contract terms, and historical cost records — validating integrity before controlled loading into the live NetSuite environment.
Can active procurement, field operations, and JV billing continue uninterrupted during the implementation?
Yes. Azdan phases the rollout to keep active procurement, vendor payments, and JV billing running throughout — with cutover scheduled during a low-activity window and dedicated hypercare support at go-live.
How does Azdan configure O&G-specific workflows like AFE approval chains, JV cash call generation, and landed cost allocation?
All workflows are built natively using SuiteScript and SuiteFlow. Azdan maps every AFE, procurement, and JV requirement to existing NetSuite capabilities before any custom development is scoped or built.
How do project cost controllers, procurement teams, and finance staff get onboarded onto NetSuite?
Azdan delivers role-specific training for project controls, procurement, JV accounting, and finance teams separately — ensuring each group is productive within their own workflows from day one without cross-functional confusion.
What happens when a new well, field, JV structure, or operating entity needs to be added after go-live?
NetSuite scales within the same platform — new wells, fields, JV configurations, and entities are added without replatforming. Azdan manages all post-go-live expansions through a structured delivery process with a defined scope and timeline.
Get Started
Ready to Strategize Your Next Move?
Let’s talk about your next milestone
