International Commerce

• If you are operating a joint venture (JV) project, you are well aware of the non-operator’s audits and claims.
• Who is looking out for you from the operator’s point-of-view?
• What symptoms suggest you are charging the co-owners too little?
• What symptoms suggest your revenue distributions are too much?
• What are the points of inflection that initiate a review of your operations?
• Who is charged with comprehensive oversight and is accountable for JV charges to co-owners?
• What are their incentives?

How could there be an issue? - You are the operator!

• Most organizations do not have a comprehensive view and periodic review of JV operations to ensure everything that should be charged to the co-owners is in fact done.
• Most internal audit organizations do not focus on this area. No one looks at it, so guess what?
• Incentives have not been established to ensure JV charges to co-owners are maximized.
• Assumptions made years ago at the inception are no longer valid - technology is different, there are additions and subtractions to and from the JV, new players are introduced. The scope of the JV has increased or decreased... In short, things change.

Here is how International Commerce is different and why you should care.

• Deep experience from both sides of the desk.
• Attitude and interpersonal skills – so important and so often overlooked
• Competence
• Worldwide cultural experience

International Commerce offers a proven methodology designed to generate measurable benefits and results for operations in large joint-venture projects. We focus on E&P and other energy related operations, however, the techniques we utilize will transition into most joint-venture scenarios.

International Commerce’s audit services provide significant value if you are:

• Exploration and production company
• Chemical company
• Refinery
• Energy trading company
• Energy field service company
• Utility
• Pipeline

For more information contact Jack Pizzitola today; This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call 713-502-1411.