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IOCs, NOCs and service companies co-exist through a complex web of relationships, partnerships and dependencies. All face numerous challenges in today’s rapidly evolving energy landscape, how can these challenges be met and are the solutions different for each group?
Master-Class Leader: Ernst & Young
Like the energy industry, the NOC, IOC and service company relationship is dynamic and ever-changing. Nonetheless, many of the challenges facing one group are mirrored in the others. Access to capital, access to experienced manpower, cost control, centralisation of key functions and reliable due-diligence are all challenges facing energy industry players today. The requirement to partner, either to access capital, technology, know how or manpower, to deliver ever larger projects and initiatives results in a series of complex agreements and arrangements. Independent advice and opinion at key stages of any venture can be invaluable. The one day workshop will cover a number of topics relevant to all groups and critical to success:
- The changing world of oil & gas partnerships - an historical review
- Creation of partnerships - structure and tax considerations
- Transactions as a vehicle to partnership formation or destruction
- Global project activity review
- Financing projects
- The people challenge - the major challenge to the industry?
- Optimising partnership performance
- The risk of poor corporate governance and compliance
- Corporate social responsibility and environmental reporting considerations
- The future of partnership
Master-Class Leader: Wendy Fenwick, Oil & Gas Sector Leader, Ernst & Young LLP (UK)
Ernst & Young is a leading professional services company with offices in 140 countries and advises energy industry clients across the globe. Ernst & Young Oil and Gas Centres support companies in the upstream, downstream and services industries throughout the world to anticipate and meet their business challenges.
For more information on Ernst & Young and the Oil & Gas sector please contact Wendy Fenwick, Oil & Gas Sector Leader , Ernst & Young LLP (UK), on telephone number: +44 20 7951 5394, email wfenwick@uk.ey.com or go online at www.ey.com
What you can take home:
- A deeper understanding of the key challenges facing today’s oil and gas players
- Increased knowledge of how to plan for, capitalise, effect and manage transactions and then to realise value
- A high level oil and gas accounting update
- One-on-one access to leading advisors
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