Energy Field Services Success Story

JV Audit of properties operated by another company

In an audit of operations operated by others, over $4 million was recovered from a company operating  in Angola, Africa.     Focused on corporate allocations from Corporate to operations in Angola.  After obtaining detailed backup documentation of allocations, challenged a significant number of them as being out of compliance with the operating agreement or with no basis.  For example, the company  charged our client  for overhead and direct labor related to an in-country refinery of which they had no interest.

 

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