KPMG ALLIANCE

KPMG and Resource Investment Strategy Consultants (RISC) have formed an alliance to bring additional benefits to our clients in the oil and gas industry throughout the world.

KPMG and RISC have been separately providing support to the oil and gas industry for over twenty years. They each have recognised and highly respected reputations as providers of business advisory services covering a broad spectrum of technical, financial and commercial skills relevant to the oil and gas industry.

In 2001 KPMG and RISC started exploring how the outstanding depth of industry skills available from each organisation could be combined to provide seamless, integrated services to enable our clients to have even greater confidence in making operational and strategic decisions in the oil and gas business.

Since 2002 KPMG and RISC have worked together successfully on several major projects and we have now formalised the relationship.  It is not an exclusive alliance and both KPMG and RISC will retain their independence for many projects, however, where we see value for our clients we will seek to draw on each others skills to provide them with increased confidence in their business decisions. This document introduces the KPMG - RISC alliance to our important stakeholders in the industry.

The Alliance

The alliance between KPMG and RISC combines, in a seamless manner, selected services from two highly respected advisory organisations to support client companies making decisions related to the oil and gas business.  It provides those companies with access to the combination of:

  • KPMG - is a global advisory firm providing financial advisory, assurance and taxation services to companies throughout the world. KPMG has over 100,000 staff and parties and operate in 152 countries.

    KPMG has ten global Oil and Gas Centres of Excellence, part of their wider Energy and Natural Resources Group.   The Centres provide services tailored to the needs of the industry in both upstream and downstream sectors. Centres are situated in     Perth (Australia), Muscat, Moscow, Houston, Paris, Amsterdam , Johannesburg, London, Calgary, Beijing.

  • RISC – A specialist group of oil and gas industry consultants who over the last decade have established an internationally respected reputation for providing business solutions based on sound technical and commercial analysis.

We believe this alliance is unique in the industry and offers to our clients a commercially balanced approach to transactions, business decisions and operations.

Key Benefits to our Clients

  • One-stop-shop - to selected assignments where we can deliver real value from an integrated “whole of business” approach

  • Holistic view - of business decisions and opportunities based on technical, financial and commercial skills of our combined teams

  • Competitive and highly experienced option – compared to managing separate teams on asset sales, valuations and transactions

  • Minimize duplication of effort- in areas such as data rooms

  • Opportunity identification optimised - through extended networks and a wider view of industry opportunities than either financial or technical organisations can offer

Services

The KPMG and RISC alliance is focussed on supporting the following key business issues and activities; however our organisations are able to work together on a diverse range of assignments to meet our client’s needs.

Financial Modelling

Development of tailored financial models for project, corporate and decision economics for valuation and management purposes

  • Development of economic, taxation and other models for fiscal regimes

  • Audit of economic, project and corporate models

  • Company financial performance modelling

Resource Development

Support for the planning and execution of resource development including

  • Reserves certification and determination

  • Screening evaluation for undeveloped resources

  • Optimisation of developments - including cost management, technical studies, management of risk including operational, financial and information and technology risk

Optimising the value of Joint Ventures

Support in managing the risks and issues associated with joint ventures including:

  • JV audits (financial and technical)

  • Support for Joint Venture directors

  • Independent assessment of JV performance and opportunities to enhance value

Key parties to the Alliance and how to contact us

If you would like more details on the KPMG and RISC alliance please contact one of the following key individuals:

Hon Richard Court, AC
Chairman of RISC
Senior Advisor to KPMG, and former Premier of Western Australia
(08) 9386 6536

Brent Steedman
Australian Leader, KPMG’s Oil and Gas Centre of Excellence Partner
Partner, Assurance and Advisory
(08) 9263 7284
bsteedman@kpmg.com.au

Helen Cook
National General Manager, KPMG’s Energy and Natural Resources Group, Australia
(08) 9263 7342
hcook@kpmg.com.au

Steve Scudamore
Chairman of Partners, KPMG Perth
Head of KPMG’s Global Valuations for the Energy and Natural Resources Sector

 
 
 



 
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