Joint Venture Cost Recovery & Audit Dispute Resolution
Conducted an independent financial control review on $240M in disputed operator expenditure, unlocking verified audit settlement.
The Commercial & Operational Challenge
An offshore joint venture partner faced prolonged disputes over multi-year non-operator cost billings totaling $240 million, threatening JV partner consensus and capital expenditure approvals.
The Finergetics Advisory Approach
Finergetics deployed a structured forensic audit protocol, sampling accounting ledgers, reconciling JOA cost-allocation keys, and conducting independent technical benchmarking against industry norms.
Measurable Result & Value Delivered
Achieved full bilateral agreement on $42M in reconciled cost-recovery credits and established an updated financial controls framework adopted by the operating committee.
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