Ernst and Young has been voted “the best and most professional international accountancy firm” by the finance directors of major energy companies in the UK, USA, Canada, Europe and Africa. It has an outstanding portfolio of energy clients, including some of the world’s largest organisations, to whom they provide audit, accounting and taxation services, management consultancy and independent and practical business advice. The Ernst and Young Energy Services group is a team of energy specialists located around the world who serve all sectors of the industry including oil and gas, electricity and coal.
Projects undertaken include:
- business risk management reviews and internal audit services;
- assisting in setting a strategy for international exploration by advising on tax and regulatory regimes of 30 jurisdictions around the world;
- assisting a large oil refining parastatal to privatise and restructure;
- training oil company staff to minimise tax and compliance costs associated with trading activities;
- evaluation of energy projects in the context of a national energy sector on behalf of a government;
- assisting companies with setting up accounting and information systems to support oil industry joint ventures in developing countries;
- due diligence investigations for investments made;
- review of internal controls over trading and derivatives activities;
- HSE reporting processes and deliverables;
- conversion of SAP systems from R2 to R3 ISOil
- re-engineering of business processes.
In Africa, Ernst and Young has been involved with energy sector clients in the following countries:
Angola, Botswana, Cameroon, Egypt, Gabon, Ivory Coast, Kenya, Lesotho, Libya, Mozambique, Namibia, Nigeria, Senegal, South Africa, Swaziland, Tanzania and Zimbabwe
- Angola
- Shell Company of West Africa – Chemicals – [Audit]
- Energy Africa – Exploration (Audit)
- Botswana
- Total – Petroleum products – [Audit, Tax, Management Services]
- Falconbridge – Mining exploration [Audit, Tax, Management Services]
- Cameroon
- Elf-Serepca – Oil exploration [Tax]
- Phillips Petroleum – Oil exploration [Tax]
- Shell Cameroon – Oil exploration [Tax]
- Egypt
- Baroid – Oil & gas services [Audit, tax]
- BP Petroleum Development Co Ltd – Oil exploration [Audit, other]
- Britoil Development – Oil exploration [Audit, tax]
- Elf Aquitaine – Oil exploration [Audit, tax]
- Lasmo Oil – Oil exploration [Audit, other]
- Norsk Hydro – Oil exploration [Audit, tax, other]
- Santa Fe – Oil & gas services [Audit, tax]
- Gabon
- Amerada Hess – Oil exploration & production [Audit, tax, other]
- Kelt – Oil exploration & production [Audit, tax]
- Pioneer – Exploration (Audit)
- Engen – Oil company (Audit)
- Ivory Coast
- Cenci – Natural gas extraction [Audit, tax]
- Mines d’Ity – Gold mines [Audit]
- Kenya
- Engen – Oil company [audit]
- Libya
- AGIP – Oil company [Audit, tax]
- Anadrill – Specialist Drilling [Audit, tax]
- Baker Eastern – Oil service [Audit, tax]
- Brasoil – Drilling [Audit, tax]
- Conoco – Oil company [Other]
- Dowell Schlumberger – oil service [Audit, tax]
- Elf Aquitaine – Oil company [Audit]
- Halliburton – Oil service [Audit, tax]
- International Petroleum Libya – Oil company [Audit, tax]
- KCA Drilling – Drilling [Audit, tax]
- King-Wilkinson – Oil engineering [Audit, tax]
- Lasmo Grand Maghreb – Oil company [Audit, tax]
- Marathon – Oil company [Other]
- Motherwell Bridge Constructors – Oil service [Audit, tax]
- National Oil Corp – Oil company [Other]
- Occidental – Oil company [Other]
- Schlumberger – Oil service [Audit, tax]
- Sedco Forex – Drilling [Audit, tax]
- Shell – Oil company [Audit]
- Veba Oil Libya Limited – Oil company [Tax]
- Wintershalle – Oil company [Audit]
- Wortex – Oil engineering [Audit, tax]
- Mozambique
- British Petroleum – Oil distributor [Management services]
- Engen – Oil distributor [Management services]
- Linea – Energy [Audit]
- Mobil – Oil distributor [Management services]
- Petromac – Oil distributor [Audit]
- Tecnel – Energy [Audit]
- Topoil – Oil distributor [Audit]
- Namibia
- BP Namibia – Oil distributor [Audit, tax]
- Shell Exploration and Production Namibia – Oil and gas exploration [Audit, tax]
- National Energy Fund – State fund [Audit]
- Nigeria
- Ashland Oil Nigeria Co – Crude petroleum and natural gas [Audit, tax, Management. services]
- Baker (Nigeria) Ltd – Oil and gas exploration services [Management services]
- BP/Statoil – Crude petroleum and natural gas [Audit, tax]
- Mobil Producing Nigeria – Crude petroleum and natural gas [Audit, tax]
- Pan Ocean Oil Company – Crude petroleum and natural gas [Audit, tax]
- Phillips Oil Co Nigeria Ltd – Crude petroleum and natural gas [Audit, tax]
- Senegal
- CSPT – Phosphate rock [Audit, tax]
- Mobil Senegal – Oil distribution [Audit, tax]
- Shell Senegal – Oil & domestic gas distribution [Audit, tax]
- SSPT – Phosphate rock [Audit, tax]
- Total Senegal – Oil distribution [Audit, tax]
- South Africa
- Engen Petroleum – Oil Company [Audit; tax; internal audit; consultancy]
- British Petroleum [audit; tax; forensic]
- Caltex – Oil company (consultancy)
- Mossgas – Refinery [project internal audit]
- D & E Petroleum –
- Castrol – Lubricants [audit]
- Pioneer – Exploration [audit]
- Petroleum Limited – Exploration [audit; tax]
- Swaziland
- Shell Oil – Petroleum Refinery [Audit]
- Tanzania
- Engen Petroleum – Oil company [audit]
- Zimbabwe
- Mhangura Copper Mines – Copper [Audit]
- Engen Petroleum – Oil company [audit]
