Financial planning, close, and reporting built around the way Oil & Gas actually works.
riicu helps Oil & Gas finance teams move from spreadsheet-heavy workflows to a more connected model across commodity planning, working interests, JV reconciliation, and production economics.
Connected to your ERP and operational systems. Price curves updated via market feed. Production data pulled from your upstream reporting layer.
Your vertical O&G software handles JIB, revenue distribution, and division orders. riicu handles everything the CFO needs on top of that – scenario planning, multi-entity close, consolidation, and board-ready reporting.
Not an ERP replacement. Not a generic finance tool that forces you to explain what a working interest is. A purpose-built financial intelligence layer for the Office of the CFO in energy.
What Oil & Gas Finance Actually Looks Like
Commodity Price Whiplash
WTI drops $15 in a week. The entire capital plan needs remodelling. Most finance teams do this in spreadsheets over two to three days. With riicu, the reforecast runs in the same session — Bear, Base, Bull, with full P&L and cash flow impact visible before you leave the room.
Joint Venture Complexity
Dozens of JV partners, different working interests, cash calls crossing fiscal quarters. riicu reconciles partner positions inside the close process — working interest allocations, revenue entitlements, and cost recoveries balanced before the audit window opens, not after.
Capex and AFE Discipline
Every dollar competes: drill, maintain, or provision for decommissioning. The CFO needs to model trade-offs against price scenarios and present them to the board. In real time.
Regulatory Fragmentation
IFRS 6, IAS 37, IAS 36. Production sharing agreements with host governments. Each with different accounting logic, in different jurisdictions, consolidated into one set of numbers.
Model Every Price Scenario. Decide Before the Market Does.
Model WTI at $50, $70, $90. See the full impact on EBITDA, free cash flow, dividend capacity, and capex headroom — in the same session.
Driver-based planning connected directly from well economics to the P&L. Build rolling forecasts linked to commodity price curves; reforecasts run in the same working session, not over a week.
See it in action| Scenario | WTI | Revenue | EBITDA | FCF | Div. Cover |
|---|---|---|---|---|---|
| Bear | $50 | $312M | $78M | -$12M | 0.4x |
| Base | $70 | $436M | $152M | $64M | 2.1x |
| Bull | $90 | $561M | $228M | $142M | 3.8x |
Reconcile Every Partner. Close Every Venture. Before the Audit Window Opens.
In oil and gas, you cannot close until your partners agree. Working interest allocations, cash call settlements, revenue entitlements, and cost recoveries must all balance across operators and non-operators before a single venture closes. riicu reconciles partner positions inside the close process — not in a post-close scramble.
Match cash call invoices to AFE approvals. Allocate production revenue by working interest percentage. Eliminate intercompany flows between upstream, midstream, and holding structures. The partner audit package is generated from the same closed data — no re-extraction, no manual reconciliation workbooks. Whether you operate two JVs or twenty, with working interests ranging from 18% to 100%, the reconciliation logic scales without additional manual intervention.
See it in action- Block 15 OperatingOperator · WI 40%Recondone
- Deepwater HoldingsNon-op · WI 25%Allocateddone
- Basin Central JVOperator · WI 55% · 3 partnersOpenactive
- Midstream Pipeline100% · IC eliminationICactive
- LNG Terminal JVNon-op · WI 18%Cash callpending
| Venture | Role | WI | Partner Action | Status |
|---|---|---|---|---|
| Block 15 Operating Co. | Operator | 40% | Cash call settled | WI Reconciled |
| Deepwater Holdings | Non-op | 25% | Entitlement posted | Revenue Allocated |
| Basin Central JV | Operator | 55% | 3 partners · recon open | Partner Recon Open |
| Midstream Pipeline Co. | 100% owned | 100% | IC elimination | IC In Progress |
| LNG Terminal JV | Non-op | 18% | Cash call pending | Awaiting Operator |
Board-Ready Numbers. Every Time.
Stop assembling board packs from five systems. Generate production economics reports, cost-per-BOE variance bridges, cash flow waterfalls, and segment P&Ls from one source of truth.
Drill from the board summary to the underlying transaction in two clicks.
See it in action$124
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Built for the Financial Complexity of Oil & Gas
Commodity Price Modelling
Link WTI, Brent, and Henry Hub curves to revenue and cash flow forecasts with instant scenario switching.
JV & Partner Economics
Plan and report across working interests, operator/non-operator positions, and net revenue interests by entity and field.
Capex & AFE Tracking
Model capex allocation against price scenarios. Track AFE spend vs budget with variance alerts and board-ready summaries.
Impairment & Decommissioning
When Brent drops below your impairment trigger, the model flags the exposure against your CGU structure and calculates the provision range with your discount rate assumptions — before the auditor asks the question. IAS 36 and IAS 37 logic built in.
Multi-Currency Consolidation
Consolidate across USD, EUR, AOA, BRL, NOK with automated translation, elimination, and multi-GAAP/IFRS support.
Production Economics
Cost per BOE, lifting cost variance, EBITDA margin bridges at field and entity level with rolling 12-month trends.
Designed Around Your Existing ERP and Operational Systems.
From SAP and Oracle for large operators, to Microsoft Dynamics 365, Cegid Primavera, Sage, and PHC for mid-size independents — riicu connects to the ERP environment you already run, alongside your upstream operational tools.
See it built for your operation.
See what unified finance intelligence looks like for an O&G operation with your complexity — JV structure, commodity exposure, and multi-entity close. Book a session with our energy finance team.