Forensic Accounting

Energy

Seamlessly solving your complex energy issues

Hire us

Our energy practice is divided into three global segments: oil and gas, power generation, and mining. All segments are led by our energy professionals and regional coordinators who are in place to direct you to the most appropriate team for the resource and expertise your project needs.  

Oil and gas

Our team of forensic accountants are experts at measuring losses and damages within the oil and gas industry and have experience solving energy-related issues across many situations. 

How we can help

Trust our forensic accountants to ensure your oil and gas losses are quantified correctly and efficiently. We can help with all elements of the process, including: 

  • Inspecting reporting records (operational, financial, and management) 
  • Analysing methods, assumptions, and criteria used for forecasting operations 
  • Interviewing key employees (including management, sales, and operations employees) 
  • Comparing forecasted operations to actual operations during loss and recovery periods 
  • Evaluating the impact of other factors outside of loss, including market prices, environment, and quality 
  • Assessing how changes to maintenance cycles will impact operations 
  • Investigating how separate, unrelated operating conditions and events could impact operations 
  • Providing expert witness testimony as required 

Power generation

With years of experience supporting power generation claims, our forensic accountants can assist in the qualification of damages across: 

• Hydro-electric facilities
• Renewable energy sources (solar and wind)
• Thermal plants (coal, natural gas, nuclear, bio-mass, geothermal, waste, diesel, and co-generation)

How we can help

If you need help with a power generation loss, rely on MDD’s experts to support with: 

  • Evaluating reporting records (operational, financial and management records) 
  • Analysing factors related to forecasting capacity and generation 
  • Considering the impact of other factors outside of loss such as market environment and prices 
  • Interviewing key employees (including sales, management, and operations employees) 
  • Analysing the decision-making process related to loss and mitigation 
  • Communicating progress and analysis results quickly and clearly 
  • Comparing generation forecast to actual generation before and during the loss period, and through the recovery period 
  • Assessing how changes to maintenance cycles have been impacted 
  • Looking into how unrelated operating conditions and events have impacted revenues during loss 
  • Carrying out market studies as required  
  • Providing expert witness testimony as required  

Mining

The mining industry is integral for the provision of raw materials needed across many other sectors. With operations that can spread widely and implicate other companies, damages and losses can have a significant impact on the entire supply chain. 

How we can help

Due to the large-scale impacts that mining losses can have, it’s crucial for the industry to ensure any losses are quantified accurately. We can help by:

  • Providing analysis of the company’s reporting records and mining plans 
  • Comparing operations forecasts to actual operations during loss and recovery periods 
  • Interviewing key employees (including management and operations employees) 
  • Analysing operating conditions and events not related to loss that may have impacted operations during loss and recovery periods 
  • Researching the market across key factors 
  • Assisting with the decision-making process related to loss and mitigation 
  • Sharing progress and analysis results quickly and clearly 
  • Providing expert witness testimony as required 

Want to learn more about our energy practice?

 

Brad Ebel

Brad Ebel - Senior Partner, Global Energy Practice Leader

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