Oil and Gas
Generate savings and fuel enterprise growth
Transformative results for oil and gas
Stay one step ahead in a volatile market
Speed up negotiations
Cut cycle times from weeks to days by leading events with data-backed pricing instead of manual negotiation.
Automate routine tasks
Turn repetitive work into scalable, repeatable events with Arkestro Intelligence, freeing up procurement teams to focus on work that moves the needle.
Strengthen supply chain resilience
Reduce reliance on any single supplier by broadening your supply base so you can stay ahead of commodity volatility.
Minimize and mitigate risk
Turn every event into a defensible, transparent record. Built-in document requirements and a full audit trail give teams the visibility and confidence they need.
The only predictive procurement platform
Vertical AI for procurement
Powered by prediction
We use AI only where it materially improves outcomes, not as blanket automation. Our philosophy: AI where you need it. Human where it matters.
What our customers say
FAQ
Everything you need to know about predictive procurement for the oil and gas industry.
Predictive procurement uses AI, market data, and behavioral science to simulate likely negotiation outcomes before a sourcing event starts—so procurement teams lead with a data-backed offer instead of waiting on supplier quotes. In oil and gas, this means line pipe, LNG, and refinery service events can launch with optimized target pricing already set at the line-item level, cutting the guesswork out of high-stakes, high-volume negotiations.
Results vary by category and spend volume, but oil and gas customers using Arkestro have seen savings in the 16–30% range per line item, with some sourcing events recognizing over $6M in savings and refinery-wide rollouts achieving 46% savings against historical pricing. The size of the opportunity typically scales with how much previously unmanaged or single-quote spend gets pulled into a competitive, multi-supplier event.
Traditional procurement platforms can take months to deploy given ERP integrations and change management. Arkestro's "Live in 5" model gets teams live in as few as 5 days — data ingestion and integration on day one, training and first live sourcing events shortly after — so oil and gas teams can start running competitive events on real spend (line pipe, inspection services, LNG) within the same week they kick off.
Oil and gas procurement carries heavier compliance requirements than most industries — safety documentation, supplier certifications, and full audit trails for internal and external review. Predictive procurement platforms can require mandatory document uploads (specs, safety ratings, certifications) before a supplier can quote, and keep a clean, auditable record of every negotiation round, which reduces risk exposure and simplifies compliance reporting versus manual, spreadsheet-based sourcing.
Arkestro does not share customer identifiable transactional data or supplier information. We strictly silo the product and category-specific transactional data of individual customers, securing your confidential information at all times. Additionally, all Arkestro customer data is encrypted in transit and at rest.