Corporate Performance Management
Accurate cash calls for joint venture partners and cost per barrel are key performance metrics in upstream oil and gas. Performance is measured by how accurately cash is forecasted for joint venture cash calls and Capex per barrel. We deliver real-time reports, including cash call forecasts and partner billing statements, to enhance cash forecasting. Our solutions also track cost per barrel across upstream drilling stages.
Finance Operations
For upstream oil and gas companies, joint venture accounting and tracking capital expenses across drilling stages are key challenges. We specialise in accurate cash calls, cost allocation, and partner billing with full audit trails. We’ve also streamlined period-end processes to prepare accounts for management and compliance reporting under joint venture agreements.
Compliance & Localisation
The industry faces different regulations in each country based on agreements with local petroleum authorities. Companies with production sharing agreements or exploration contracts must meet unique local compliance rules. For example, in Brazil, the regulatory body ANP requires local reporting (similar to an ESG report). Our experts have developed solutions to meet these specific compliance requirements for various regulatory bodies.
Intercompany & Transfer Pricing
The largest intercompany transactions involve buying and selling crude oil, natural gas, and refined products between upstream, midstream, and downstream sectors. We specialise in reconciling these transactions across sectors, including verifying intercompany balances and handling eliminations when assets are transferred between jurisdictions.
Tax Transformation
The oil and gas industry faces unique challenges in indirect taxation. For example, petroleum tax (excise tax), based on quantity, is applied when petroleum products leave a bonded tax warehouse. This tax rate directly affects the net sales price. Our team delivers solutions to manage excise taxes by including tax rules in sales pricing schema, purchase processes, and inventory tracking.
Expanding market presence and maximising synergies
Through planning and due diligence to
execution and stabilisation
Understanding the levers for
successful integration
Expertly navigate the challenges and
risks
Unpick the opportunities to drive the
bottom line
Disentangling a well-established site from a complex corporate infrastructure-with stringent timelines, local compliance challenges, and a rigid transitional services agreement (TSA) in place.
Redefining strategy to make process improvements and cost savings
Expertly navigate the challenges and
risks.
Combining processes, systems and
people to deliver maximum results
Working with what you've got to make
things even better
How we streamlined and future-proofed, a soon-to-be obsolete labelling solution and a rapid client expansion across multiple new sites.
Reinventing finance to optimise processes, systems and strategies
Enhancing decision making and strategic
alignment to drive performance
Using the latest technology to drive efficiencies, innovation and operational excellence
Meeting local requirements while
delivering smooth cross-border
operations
Simplifying supply chain finance
Improving compliance accuracy and
automation using tax technology
