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Project Accounting — Oil Gas ERP

Handle joint-venture accounting, AFE and cost allocation so complex partnered spend is controlled and fair.

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JV spend, controlled and fair

Oil and gas projects are often joint ventures with authorisations for expenditure (AFEs), partner cost-sharing, and cash calls — and getting the accounting wrong strains partnerships and invites audit.

This module handles the complexity: AFE management, joint-venture accounting and cost allocation across partners — so partnered spend is controlled, allocated fairly and fully auditable.

It connects directly to the rest of your Oil Gas ERP, and can be extended with AI or mobile apps for field teams.

What the module handles

Joint-venture project finance

📑
AFE management
Manage authorisations for expenditure.
🤝
JV accounting
Account for joint-venture spend and shares.
➗
Cost allocation
Allocate cost across partners fairly.
💵
Cash calls & billing
Handle cash calls and partner billing.
📊
Partner reporting
Report spend and position per partner.
✅
Audit trail
Keep partnered spend auditable.
Our Process

How it works

From AFE to allocated, billed spend.

✓
1
Approve AFE
Authorise expenditure.
✓
2
Incur cost
Book project spend.
✓
3
Allocate
Split across partners.
✓
4
Cash call
Bill partners.
✓
5
Report
Share partner statements.
✓
6
Audit
Keep it defensible.

What it changes for your business

🤝
Fair partner allocation
Cost allocation across partners is accurate and transparent.
📑
AFE control
Spend stays within authorised AFEs.
💵
Clean cash calls
Partner billing and cash calls are managed cleanly.
✅
Audit-ready JV books
Partnered spend is fully traceable and defensible.

Who it is for

Operators in partnered projects:

JV operatorsE&P companiesNon-operating partnersOil & gas project teams

Project Accounting — frequently asked questions

Does it manage AFEs?

Yes. Authorisations for expenditure are managed, so project spend stays within what partners approved.

Can it allocate cost across partners?

It can. Costs are allocated across joint-venture partners fairly and transparently, reducing disputes.

Are cash calls handled?

They are. Cash calls and partner billing are managed cleanly, keeping partner accounts current.

Is JV spend auditable?

Yes. Partnered spend carries a full audit trail, so joint-venture books are defensible.

See Project Accounting in your Oil Gas ERP

See Project Accounting control partnered spend — book a demo across your JV structure.

Request a Demo →