We’re an auditing firm with over 25 years’ experience in the energy industry.
Our work provides you with valuable insights into your business and operating partners. It creates transparency, builds trust and enhances commercial performance.
UK team, global impact
Working with local teams in different countries is part of what we do. And we’re proud of the impact we’ve made across the world. The countries we’ve worked in include:
Angola, Azerbaijan, Bermuda, Canada, Colombia, Congo, Denmark, Dubai, Egypt, Finland, France, Gabon, Hungary, Indonesia, Italy, Kazakhstan, Malaysia, Mexico, Netherlands, Norway, Oman, Pakistan, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Syria, Thailand, Tunisia, Uganda, USA, Venezuela, and Yemen.
Audit of a new joint
We were brought in by our client to audit the first two years of high expenditure on a new venture in South East Asia. The venture encompassed multiple exploratory drilling commitments.
After reviewing and comparing the JOA with the Operator’s billings, it became clear that the Operator had not strictly applied how costs should be allocated between the parties. After briefing the client we recalculated the cost allocation and provided them with the basis for their successful negotiation of a substantial reclaim.
Investigation into the overseas
division of a large multinational
Our client asked us to field a small specialist team to investigate suspected fraud in an overseas division of the business. The suspicion was that there had been both misappropriation of funds and corrupt practices. The perpetrator was unknown.
Over the course of several weeks, our multidisciplinary team sifted through networked and personal data to confirm the existence of the suspected problems and to quantify the extent of the losses and commercial exposure. Our report was submitted to the appropriate Main Board Committee for further action.