What Petrasoft does

Petrasoft Inc. is a privately held, Houston-based software company founded in 2007 by Ramesh Sivaraman, focused exclusively on the upstream oil and gas industry. The company designs, develops, deploys, and supports enterprise software that applies data mining and artificial intelligence to process-data management for production optimization and field operations. Its portfolio is organized into three tiers: the FieldAssist Suite of configurable enterprise modules (rod pump and ESP well optimization, cyclic steam scheduling, chemical injection management, critical parameter management, pumping unit inventory, and a mobile operator tool called OpsAssist); Leveraged Solutions, built by reusing field-proven components such as a customizable data analytics engine, real-time historian, task management system, mobile framework, dashboard, score card, and OPC connector; and Custom Solutions for fully bespoke development. The software integrates with enterprise systems including LOWIS, Maximo, EAM, Energy Components, and OPC-compliant industrial automation platforms, and is reported to be in use worldwide managing more than 30,000 wells.

The company's go-to-market is direct enterprise sales to oil and gas operators, with multi-year contracts and quote-based subscription pricing. Revenue derives from two streams — recurring enterprise software (FieldAssist Suite and components) and professional services for custom development. The company is 100% U.S.-based, founder-owned, with no disclosed institutional funding, M&A, or partnerships, and operates with a small team of 11–50 employees under a leadership team combining deep oilfield-software pedigree (Sivaraman, ex-CASE Services / csLIFT-LOWIS) with process-control architecture experience (John Fairbanks, ex-PAS, AspenTech, Invensys). No disclosed revenue, named customers, or recent growth metrics are available, and the public website carries a 2014 copyright, limiting visibility into current commercial momentum.

Name

Petrasoft

Legal name

Petrasoft Inc.

Website

https://petrasoft.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Petrasoft Inc. is a Houston-based, founder-owned software company that builds enterprise data-mining and AI-enabled process-data management solutions for upstream oil and gas operators, with its FieldAssist Suite and related modules managing over 30,000 wells worldwide.

Ownership category

akta.pro rank

Product category

Oil and Gas Production Optimization Software

NAICS

Support Activities for Mining (2131), Computer Systems Design and Related Services (54151)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oil and gas software
• Production optimization
• Artificial lift systems
• Digital oilfield
• Process data management

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Enterprise Software Products: Petrasoft derives revenue from selling enterprise software products including the FieldAssist Suite, leveraging field-proven components, and custom software solutions. Products are sold to oil and gas operators for well optimization and field operations management.
2. Custom Software Development: Petrasoft offers complete project lifecycle capability including business intelligence, software development, testing, deployment, and training for custom solutions built from scratch to specific customer requirements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Core offering

Petrasoft designs, develops, and supports enterprise-class software for upstream oil and gas operators, anchored by the FieldAssist Suite for production optimization and artificial lift management. The company also delivers Leveraged Solutions built from field-proven components and fully custom software developed from scratch, applying targeted data mining, AI, and real-time historian technology to transform process data into actionable information.

Product overview

Petrasoft provides a modular software portfolio for the oil and gas industry organized into three solution tiers: FieldAssist Suite (enterprise platform with specialized modules including Rod Pump Well Optimization, ESP Well Optimization, Cyclic Steam Scheduler, Chemical Injection Management, Critical Parameter Management, Pumping Unit Inventory Management, and Mobile Operator Tool/OpsAssist), Leveraged Solutions (configurable solutions built from reusable components like Task Management System, Data Analytics, Real-time Historian, Dashboard, Score Card, and Mobile Application Framework), and Custom Solutions (fully custom development from scratch). The company also offers individual components including an OPC Connector for industrial system integration. Petrasoft applies targeted data mining and artificial intelligence across its portfolio to transform process data into actionable insights for production optimization.

Differentiator

Problem solved

Functional benefit

Brands

• FieldAssist Suite: Enterprise class set of products designed for well analysis and optimization in the digital oilfield, including rod pump well optimization, ESP well optimization, critical parameter management, pumping unit inventory management, cyclic steam scheduler, chemical injection management, and mobile operator tool (OpsAssist).
• Leveraged Solutions
• Custom Solutions

Products and services

• FieldAssist Suite Enterprise-class digital oilfield software suite that transforms raw operational data into actionable information to maximize oil recovery, optimize artificial lift systems, minimize downtime, and decrease well failure rates. Used worldwide by hundreds of users to manage over 30,000 wells.
• Leveraged Solutions Configurable enterprise software built by leveraging Petrasoft's field-proven components (task management system, data analytics engine, mobile framework, real-time historian, dashboard, score card, OPC connector) to deliver functionality-rich systems to specific customer needs with lower total cost of ownership.
• Custom Solutions Fully custom software developed from scratch using iterative and incremental methodology, covering the complete project lifecycle including business intelligence, software development, testing, deployment, and training, delivered by Petrasoft's 100% US-based development team.

Quantifiable outcome

• Manage over 30,000 wells globally
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature8 records

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Halliburton Landmark: Halliburton's Landmark division delivers DecisionSpace and iCruise well construction / production software to E&P operators, overlapping with Petrasoft on production operations management and digital oilfield workflows.
• Aspen Technology (AspenTech): Industrial AI and asset performance software provider whose DMC3, production optimization, and asset monitoring capabilities directly overlap with Petrasoft's AI-driven artificial lift optimization and predictive analytics modules.
• Honeywell Forge: Honeywell's industrial software portfolio includes connected plant, asset performance, and process optimization capabilities sold to oil and gas operators, overlapping with Petrasoft's production and operations management modules.
• Schlumberger (SLB): World's largest oilfield services company, whose DELFI environment and Avocet production software compete head-on with Petrasoft's FieldAssist suite for production optimization and digital oilfield workflows at upstream operators.
• AVEVA: Industrial software provider (PI System, process optimization) serving oil and gas customers with real-time historian, analytics, and operations management capabilities that overlap with Petrasoft's Real-time Historian and Data Analytics components.
• Emerson (NI / DeltaV): Industrial automation and software vendor whose DeltaV, Movicon, and asset management offerings target oil and gas operators with real-time monitoring and control, overlapping with Petrasoft's OPC-based historian and analytics capabilities.

Direct peers

• EnergySys: Cloud-based production operations software for upstream oil and gas operators, directly comparable to Petrasoft's FieldAssist suite in targeting production data management and optimization for E&P operators.
• Quorum Software: Vertical SaaS provider for oil and gas operators covering production operations, accounting, and land management — directly comparable to Petrasoft's focus on upstream production workflows.
• P2 Energy Solutions: Specialist upstream oil and gas software vendor offering production, reserves, and accounting solutions to E&P operators, comparable to Petrasoft as a vertical SaaS provider focused exclusively on upstream workflows.
• Kongsberg Digital: Digital twin and operations software provider for oil and gas with domain expertise in production optimization and asset performance, competing for the same digital oilfield deployments as Petrasoft.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrasoft