The global oil and gas industry, a powerhouse of economic and industrial development, stands at the forefront of complex challenges and ever-evolving market dynamics. Within this context, the role of oil and gas consulting firms in facilitating global market expansion is pivotal. These firms offer a unique blend of expertise, strategic insights, and innovative solutions, empowering energy companies to navigate …

Elevating Your Venture with Oil & Gas Audits In the dynamic and complex landscape of the oil and gas industry, consulting firms, such as Navigator Petroleum Consulting, play a pivotal role, serving as strategic partners that contribute to the sector’s growth and resilience. The evolution of consulting services in the energy sector is deeply rooted in the industry’s need for …

My consulting firm conducts joint venture audits and production sharing cost audits in the oil and gas industry throughout the world. Having travelled extensively and having worked in more than twenty countries worldwide, I have learned the hard way how to pack, what to pack and how to get by as comfortably as possible especially when travelling to developing countries. …

For International Joint Ventures and Production Sharing Contracts International Joint Venture Operating Agreements and the corresponding Accounting Procedures typically allow Operators to charge an overhead fee in the form of a percentage of all capital, operating and G & A costs incurred during the year for the concession. The overhead rate that is stated in the Accounting Procedure to the …