We provide specialized audit services for the energy sector
Our contract compliance reviews serve as a tool to minimize expenditures and maximize revenue
Expenditures
We help to minimize OPEX and CAPEX of the operations
Revenue
We help to maximize the revenue generated from the operations
Advice
We provide expert support in audit matters
EXPENDITURE REVIEWS
Audits can be an important cost control tool in different types of agreements
Joint Operations
Joint Operating Agreements (JOA)
Production Sharing Agreements (PSA)
Shareholder Agreements (SHOA)
Service Agreements (SA)
Vendor Audits
Agreements and Contracts entered into with contractors and vendors
Transactions
Sales and Purchase Agreement (SPA)
Farm In / Farm out
Transportation & Processing
Production Handling Agreements (PHA)
Construction & Operating Agreement (COA)
REVENUE REVIEWS
Audits can help to validate the correctness of the assigned production
Measurement
Correct operation and calibration of the measurement equipment
Pricing
Correct pricing and calculation of deductions
Allocation
Correct distribution of proceeds between parties
Value Adjustment
Correct calculation of quality adjustments
AUDIT ADVICE
Guidance through the different phases of the audit process
Hosting
Guidance for the audits of the non operators
follow up
Elaboration of responses, rebuttals and assistance in dispute resolution
Planning
Advice for an adequate audit selection and risk management
Training
In-house education programmes and staff training for our clients