A routine professional review of your contractual rights within a Joint Venture is more than just good practice…it is essential in ensuring your financial interests are protected.

Audit Horizons Limited undertake Joint Venture audit services, in accordance with best industry practice, including detailed planning, execution and reporting.

Our role in these assignments, is to represent the ‘Non-Operating’ partners and perform an audit of the Operator’s Joint Venture records. Our focus is usually on costs but can also include a review of processes and procedures.

We have the experience to review records of the following activities:

• Direct Cost Audits
• Well Audits
• G & A Audits
• Logistics
• Inventory Audits
• Cut-off phases (transition period around sale/purchase of Joint Venture interests)

Finally we issue reports and proactively manage open issues to a conclusion by focusing on recovering costs which have been incorrectly charged to you and ensure that appropriate correcting entries / actions are taken by the Operator.

Audit Horizons Limited has considerable experience of representing Non-Operating clients on these Joint Venture audits, either as lead or participant.