EQ8 have a great knowledge of North Sea distribution systems and were a key resource in setting up Hydrocarbon Allocation systems for a new asset. They developed the allocation methodology, and assisted determining the required flow of information and documenting all HA reporting processes within the company. This was a great assistance in a small operations team, and helped to ensure that the start-up of the asset was smooth from the hydrocarbon accounting side.
Minimising business risk through regular independent technical reviews of hydrocarbon accounting processes is essential to ensure the integrity of production operations.
Checks and balances are fundamental accounting practices and having an independent, qualified auditor review your hydrocarbon accounting system is an effective way of ensuring compliance with all contractual and quality management system requirements.
Our auditors have the necessary qualifications and experience to identify shortcomings, quantify their impact and suggest options to address the issues. We work proactively with our clients and the auditees to ensure that our audits help ensure minimum exposure to loss, identify and recommend corrections to compliance failures and ensure the integrity of the business.
With a focus on minimum business disruption, we can carry out the whole process from defining audit terms of reference through to final reporting and guidance on remedial action.
We provided expertise to a Netherlands based E&P company auditing one of their main gas transportation hubs. The audit fieldwork was carried out in the clients Netherlands office, ensuring that each system user received a fair and equitable share of production/sales in accordance with the relevant agreements. This encompassed detailed verification of the integrity of the allocation process from collation of input data through allocation calculation to reporting.