Changing economic conditions, strong competition, legislative changes and growing demand pose new objectives and risks for oil-and-gas industry, providing at the same time new opportunities.
In order to achieve such objectives the companies often find themselves in need of qualified assistance of relevant experts. Our team is constantly in the process of perfecting products and technologies used in its work, which enables our experts to provide highly qualified and client-tailored services in this unique and fast developing market.
We study industry trends in depth so as to be able to assist our clients in going through the most complicated stages of their company business. We provide a wide range of services to companies representing oil-and-gas industry in order to assist them in focusing on key aspects of their business.
The Client wanted a price audit performed in order to confirm correctness of cost estimates for construction and purchase of Russian and imported equipment. Our specialists performed a comprehensive analysis including review of estimates and comparison of budgeted costs with market prices. As a result of the analysis performed, certain instances were identified of 8-20% variance between budgeted costs and market prices.
Baker Tilly Russia performed a number of appraisals within the framework of settlements of insurance disputes. Subject to appraisal were asset portfolios of such industrial and infrastructure facilities as:
• Natural gas liquid plant damaged by an explosion (insurance claim in excess of RUR 600 mln)
• Petrochemical plant damaged by an explosion (insurance claim in excess of RUR 100 mln)
• Railroad tracks and bridges damaged by an earthquake (insurance claim in excess of RUR 400 mln)
Within the framework of appraisal procedures our specialists applied cost estimate analysis, as well as methods of project-based and market based comparables. Specific to such appraisals were the difficulty of identifying damaged equipment and the need to involve specialists in construction analysis and project design.
A large oil company was in the process of purchasing several small regional oil fields. The client was interested in ensuring maximum transparency of the transaction and absence of hidden threats to its business.
Our specialists performed an integrated due diligence analysis in respect of 3.5 years preceding the transaction. The due diligence analysis identified potential tax, legal and ecological risks, which enabled the client to negotiate a significant discount off the asset's purchase price.