Best ERP Software for Oil & Gas

ERP software for the oil and gas industry is specially configured to cope with the needs of oil & gas companies and those in the energy sector.

This means that the best ERP for oil and gas will provide functionality specifically designed for the industry, including capabilities to process upstream and downstream activities, from mining and extraction through to field service management, retail and more.

ERP software for oil and gas is unique versus many other ERP systems and this boils down to the need for very specific ERP modules and functionalities for the industry. 

Some of the top ERP requirements for oil and gas companies include:

• Financial Management and Localization
  • Oil & gas companies need to be able to operate all over the world and account in multiple different currencies compliantly.
• Yeild Management 
  • Optimizing yield can be a huge profit driver for oil and gas producers, refineries and processors.
• Quality Control
  • Oil and gas companies can be hit with large fines or penalities from their customers if quality isn't consistently high. 
• Inventory & Stock Management
• Asset Management
  • Oil & gas companies operate some of the most expensive and complex assets on the planet from oil rigs to machinery, processing plants and more. 

• Plant Maintenance
  • Oil & gas industry players need to optimize and run plants effectively using modern technologies. 
• Field Service Management
  • Oil and gas companies tend to have hundreds if not thousands of highly skilled engineers, drillers, operators and technicians in the field. Oil & gas ERP software usually provides FSM capabilities to streamline their activities with the back office.
• Health and Safety Management
• Human Resources and Resource Management

ERP systems are used by almost all players in the oil and gas industry. 

We have worked on evaluating oil and gas ERP systems for:

• Oil & gas companies
• Upstream Oil & Gas ERP
• Downstream Oil & Gas ERP
• Oil & Gas Retail ERP
• Oil & Gas manufacturers and refineries

Oil & Gas ERP systems deliver lots of benefits to energy companies, including:

• Increased profitability
• Increased business intelligence and reporting
• Reduced asset management costs
• Reduced wastage
• Increased yield
• Increased productivity
• Decreased full time employees
• Better user experience
• Decreased susceptibility to changing energy market conditions
• Increased health and safety compliance
• Decreased accident rate

Oil & Gas ERP systems cost $20-250 USD per user, per month on average for software licensing. 

Implementing an oil & gas ERP system can cost 3-4X the cost of the annual software license fee.

You may need to factor in additional costs for change management, integration, end user training and any hardware or networking costs.

The top oil and gas ERP system really depends on your business but common choices are SAP, Microsoft, Netsuite and Infor to name just a few. 

Because every company is different, especially those in the oil & gas industry, we recommend comparing 4-8 ERP systems during your oil & gas ERP software selection.