AFE & Capital Cost Management
Authorization for expenditure workflows with multi-level approval chains, real-time cost commitment tracking versus approved budgets, and automated variance alerts before overruns become unrecoverable.
Industry Solutions: Oil & Gas
Gain Full Financial Control of Every Well with Oil & Gas ERP
From authorization for expenditure approval through to joint venture billing and production allocation, VOIITS gives ADNOC ecosystem, upstream, and midstream operators the field-to-finance visibility that modern production accounting demands - meeting ADNOC and SPC HSE and ICV requirements without the seven-figure legacy system overhead.
Production Accounting DashboardLive
BOE Produced Today
48,320
AFEs Over Budget
2
-3
JV Billing Accuracy
99.7%
API RP 19G AlignedISO 14001 CertifiedADNOC ICV CertifiedIFRS Aligned
99.7%
Joint venture billing accuracy
35%
Faster month-end production close
The Challenge
The roadblocks VOIITS clears for Oil & Gas teams
Each one handled out of the box - no spreadsheets, no workarounds.
AFE Cost Overruns & Joint Interest Billing Disputes
Automated AFE tracking and joint-interest billing across every well.
Fragmented Upstream-to-Downstream Visibility
One platform unifying wellhead volumes through to refined-product margins.
HSE Compliance & Incident Reporting Gaps
Built-in HSE workflows and audit-ready reports eliminate compliance gaps.
ICV Compliance & In-Country Value Reporting
Native ICV scoring and Emiratisation reporting built into every procurement cycle.
Capabilities
Enterprise-Grade Oil & Gas Modules
Upstream and midstream financial control, production accounting, and regulatory compliance on one platform.
Joint Venture & JIB Accounting
Automated working interest and net revenue interest calculations, IFRS-compliant joint interest billing, ADNOC ICV reporting, and partner cash call management with full audit trail from source transaction to JIB statement.
Production Allocation & Revenue Accounting
Commingled production allocation by wellbore, field, and ownership interest. Automated royalty calculation, UAE government take accrual, and ADNOC-ready reserve disclosure support tied directly to the IFRS general ledger.
Environmental & Regulatory Compliance
ADNOC and UAE Environment Agency production reporting, emissions tracking, pipeline safety compliance per ADNOC/SPC HSE standards, and environmental plan documentation - all maintained in a single audit-ready repository updated from field data in real time.
- 99.7%
- JIB billing accuracy
- 35%
- Reduction in month-end close time
- AED 6.6M
- Average annual AFE overrun savings per operator
Connected Modules
The modules Oil & Gas teams rely on
One platform - switch on the modules that matter to your operation, fully integrated.
FAQ
Oil & Gas ERP - your questions, answered
The things growing UAE teams ask us most before getting started.
A mid-sized UAE E&P or oilfield services operator typically goes live in 4 to 9 months, starting with Finance and Procurement before adding HSE, Production Allocation, and Inventory. Companies with complex JV structures or multiple ADNOC concession agreements should plan toward the longer end to allow for chart-of-accounts redesign and AFE data migration.
Yes. VOIITS handles working-interest partner setup, AFE budget tracking at well or facility level, joint interest billing (JIB) generation, and non-operator reconciliation. Approval workflows are configured per JV agreement terms, and partner statements are produced directly from the cost ledger without manual extraction.
VOIITS includes a built-in HSE module covering incident and near-miss reporting, permit-to-work workflows, inspection scheduling, and corrective action tracking. Reports align with API RP 754 process safety indicators and ADNOC/SPC environmental filings, significantly reducing manual compliance documentation effort.
Yes. VOIITS provides open API connectors and pre-built templates for SCADA historians, field data capture tools, and GIS platforms. Production volumes and equipment readings flow into VOIITS automatically, eliminating the spreadsheet imports that delay month-end close.
Yes. VOIITS handles ICV scoring, local-content procurement flagging, and Emiratisation headcount reporting natively within the procurement and HR modules. ADNOC ICV certificate programme data flows directly into consolidated financial and compliance statements, removing the need for parallel spreadsheet models.
VOIITS uses a modular subscription model - you activate only the modules you need, and licensing scales with user count and entity footprint. Core oil and gas packages typically include Finance, Procurement, Inventory, and HSE, with Production Allocation and JV Accounting as add-ons. Contact our team for a tailored AED quote based on your well count and structure.
Ready to Bring Field-to-Finance Clarity to Every UAE Well?
Join UAE upstream and midstream operators who trust VOIITS to manage AFEs, JV billing, ADNOC ICV reporting, and production accounting with the precision the industry demands.