NetSuite for Oil and Gas
ERP, Project Management, Inventory & AIA Billing Solutions
Explore how NetSuite for oil and gas streamlines project management, inventory, AIA billing, procurement, and financial operations. Anchor Group helps oil and gas companies implement tailored NetSuite solutions for exploration, drilling, production, and energy services.
About NetSuite for Oil and Gas
NetSuite for oil and gas provides a unified cloud ERP platform that supports exploration, drilling, production, energy services, equipment management, procurement, financial operations, and field-service coordination. Oil and gas companies operate across complex environments with multiple locations, high-value assets, specialized materials, subcontractors, and regulated billing structures. NetSuite helps streamline these workflows with real-time visibility and automation.
Anchor Group offers industry-specific NetSuite configurations for upstream, midstream, downstream, and oilfield services organizations. With deep operational and financial expertise, we help companies improve cost tracking, project forecasting, asset utilization, inventory accuracy, safety compliance, and billing efficiency.
Why NetSuite for Oil and Gas?
NetSuite for oil and gas provides a complete platform for financial management, asset management, procurement, job costing, field service, safety compliance, and operational reporting. This cloud-based ERP supports multi-entity organizational structures often used by exploration and production companies.
Key benefits include:
- Real-time project and well cost visibility
- Automated procurement and supply chain workflows
- Centralized asset and equipment management
- Improved billing accuracy
- Faster financial close cycles
- Standardized reporting across subsidiaries
- Reduced reliance on spreadsheets and disconnected systems
Anchor Group configures NetSuite to align with each oil and gas organization's unique operational model.
NetSuite Shipping for Oil and Gas
NetSuite shipping for oil and gas supports complex logistics that often involve large, heavy, or hazardous materials shipped to remote drilling sites, production centers, or field locations.
Capabilities include:
- Carrier integrations and freight management
- Tracking for oversized or high-value equipment
- Job-site delivery coordination
- Automated packing lists and shipping documents
- Delivery notifications to field teams
- Shipment costing and allocation to projects or wells
Oil and gas companies gain greater control over material movement, reducing downtime caused by delayed or misplaced shipments.
NetSuite Inventory for Oil and Gas
NetSuite inventory for oil and gas provides a comprehensive system for tracking parts, consumables, tools, chemicals, safety equipment, and replacement components across multiple yards, rigs, warehouses, and job sites.
Inventory capabilities include:
- Serialized and lot tracking
- Multi-location and multi-warehouse control
- Field inventory tracking for remote rigs
- Automated replenishment rules
- Stock transfers between rig sites and warehouses
- Inventory costing and valuation
- Real-time visibility of critical components
This helps prevent shortages during drilling or production and improves cost accuracy across the entire supply chain.
NetSuite Project Billing for Oil and Gas
NetSuite project billing for oil and gas supports a wide range of billing structures, from service-based to milestone billing and long-term project contracts.
Billing capabilities include:
- Milestone and percentage-complete billing
- Time-and-materials billing
- Contract billing for field services
- Retainage and holdback management
- Automated invoice creation
- Approval workflows and documentation tracking
- Integration with project progress data
Oil and gas service companies benefit from faster billing cycles, improved cash flow, and reduced administrative overhead.
NetSuite Inventory Management for Oil and Gas
NetSuite inventory management for oil and gas extends traditional inventory tracking by incorporating asset lifecycle management, equipment maintenance, specialized parts handling, and chemical safety considerations.
Capabilities include:
- Hazardous materials tracking
- Equipment maintenance schedules
- Component aging and lifecycle planning
- Bulk material measurement
- Real-time consumption tracking by project or well
- Accurate field inventory counts
- Demand planning based on operational forecasts
This ensures teams in the field have the resources they need and reduces costly operational delays.
NetSuite AIA Billing for Oil and Gas
NetSuite AIA billing for oil and gas supports progress billing formats commonly used for midstream construction, pipeline installation, facility construction, and large infrastructure projects.
AIA billing features include:
- G702/G703-style progress billing
- Retainage tracking
- Percentage-complete calculations
- Change order integration
- Contract value management
- Automated payment application generation
- Approval workflows for multi-team review
Anchor Group helps oil and gas firms customize AIA billing workflows for EPC (Engineering, Procurement, and Construction) projects.
NetSuite Project Management for Oil and Gas
NetSuite project management for oil and gas centralizes planning, tracking, scheduling, budgeting, and financial performance for drilling programs, midstream construction, maintenance projects, and field operations.
Capabilities include:
- Multi-phase project plans
- Resource and labor management
- Time and expense tracking
- Budget-to-actual performance analysis
- Risk and delay tracking
- Equipment scheduling and usage management
- Integrated project financial reporting
Companies gain increased visibility into project performance and the ability to forecast costs with greater precision.
Project Management for Oil and Gas NetSuite
Project management for oil and gas in NetSuite provides operational alignment between office teams and field crews. Every transaction, from purchase orders to time entries to material consumption, automatically updates project budgets and financials.
Benefits include:
- More accurate project forecasting
- Real-time cost tracking
- Streamlined communication between teams
- Field visibility for project managers
- Automated workflows for progress updates
NetSuite supports project delivery across upstream, midstream, and downstream operations.
Frequently Asked Questions About NetSuite for Oil and Gas
NetSuite for oil and gas is a cloud-based ERP platform designed to support upstream, midstream, and downstream operations. It centralizes financials, project management, procurement, asset tracking, billing, inventory, and field-service operations into one unified system.
NetSuite inventory for oil and gas supports multi-location tracking, serialized equipment management, hazardous materials tracking, and field inventory visibility. Companies can track parts and materials across warehouses, well sites, rigs, and fabrication yards, ensuring accurate job costing and reduced downtime.
Yes. NetSuite shipping for oil and gas helps coordinate shipments of heavy equipment, chemicals, replacement parts, and field supplies to remote job sites. The system offers shipment tracking, freight costing, carrier integrations, automated documents, and delivery scheduling to ensure materials arrive on time.
Yes. NetSuite AIA billing for oil and gas supports progress billing formats commonly used in pipeline construction, facility projects, EPC contracts, and midstream installation. Features include retainage tracking, percentage-complete billing, contract value management, and change-order integration.
NetSuite project billing for oil and gas supports milestone, time-and-materials, fixed-fee, retainage, and cost-plus billing. Billing events link directly to project progress, ensuring accuracy and faster invoice cycles.
NetSuite project inventory management allows companies to assign materials, parts, and equipment to specific wells, rigs, pipelines, or facility projects. It tracks consumption, monitors shortages, controls transfers, and ties inventory usage directly to project costs.
NetSuite project management for oil and gas includes task scheduling, budgeting, resource planning, time tracking, cost forecasting, risk identification, and multi-phase project tracking. These tools give project managers real-time oversight across drilling programs, construction, engineering, and maintenance operations.
Yes. Oilfield services companies benefit from NetSuite’s field-service coordination, equipment tracking, job costing, dispatch scheduling, progress billing, and financial consolidation capabilities. The system supports multi-subsidiary structures commonly used in the oil and gas industry.
NetSuite includes tools for managing subcontractor contracts, compliance documents, safety certifications, RFQs, vendor onboarding, pricing agreements, and performance tracking. This ensures accountability and reduces risk across large-scale projects.
The NetSuite application for oil and gas payments provides structured billing formats for extensive infrastructure or EPC projects. The system supports progress payment requests, retainage management, percentage-complete calculations, and approval workflows tied to project budgets and cost codes.
NetSuite Application for Payment for Oil and Gas
The NetSuite application for oil and gas payments supports structured billing formats needed for large projects, joint ventures, facility builds, and midstream construction.
Capabilities include:
- Progress payment applications
- Retainage management
- Contract-linked billing formats
- Approval routing and documentation
- Integration with cost codes and project budgets
- Automated retainage release
This ensures billing is accurate, timely, and compliant with contract requirements.
NetSuite Project Management for Oil and Gas
NetSuite project management for oil and gas is essential for tracking complex operations across drilling programs, engineering tasks, equipment maintenance schedules, and regulatory compliance activities.
Capabilities include:
- Custom dashboards for project managers
- Detailed task scheduling
- Integration with procurement and equipment modules
- Project reporting and analytics
Anchor Group tailors project management tools for the specific needs of exploration, pipeline, and facility construction teams.
Project Management for Oil and Gas NetSuite
Project management for oil and gas in NetSuite enhances collaboration across departments by providing a single platform for operational and financial data.
This improves:
- Timeline accuracy
- Resource utilization
- Budget reliability
- Contractor coordination
- Field communication
NetSuite’s integrated approach reduces errors and ensures smooth project execution.
Request a consultation today to learn how NetSuite can support your oil and gas operations
Anchor Group helps companies implement NetSuite to improve project visibility, reduce operational costs, automate billing, and ensure supply chain efficiency.