Oil & Gas

PwC Russia’s Oil and Gas practice has over 25 years’ experience in providing support in regards to audits, consulting, deals, taxation and regulatory issues. We have more than 100 years of experience serving energy companies, including some of the world’s largest national and international oil companies!

Managing innovation

PwC Drone Powered Solutions

The application of drone technologies in existing business processes is allowing companies from those industries to create new business and operating models. According PwC's study on the commercial applications of drone technology, the emerging global market for business services using drones is valued at over $127 bn. This is the value of current business services and labour that are likely to be replaced in the very near future by drone powered solutions, according to PwC predictions.

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Robots

Robotic Process Automation (RPA) - electro-mechanical machines or virtual agents that automate, augment or assist human activities, autonomously or according to a set of instructions – often a computer program.

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Digitalisation

Technology has always been a hugely important aspect of the oil and gas industry, helping it move to ever more efficient and challenging exploration and extraction. Digitally-enabled technology systems are expected to significantly reduce the cost-per-barrel of future hydrocarbon resource exploitation. The use of IoT sensors can help oil companies have real-time control that could increase the safety, reliability, and yield of thousands of wells around the globe.

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Our services

Governance, risk and compliance

  • Governance such as board and management performance and accountability, or improving stakeholder and regulatory relationships and communications
  • Enterprise risk / portfolio risk management
  • Managing business process for compliance outcomes
  • Audit of IFRS financial statement
  • Compliance with Sarbanes-Oxley Act
  • Compliance with subsoil use licenses
  • IFRS and US GAAP consulting and training services

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Tax compliance

  • Tax risk management
  • International tax structuring
  • Advice on indirect taxation
  • Transfer pricing implications
  • Tax disputes resolution
  • Personal income tax management and reporting

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Risk assurance

  • Business Controls
  • Performance Assurance
  • Information Security
  • Internal Audit
  • IT Risk Assurance

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Project management and operational effectiveness

  • Efficient capital management – cost reduction and compliance with investment budget
  • Corporate and business strategies development
  • Improving efficiency and shortening timeline of reporting cycle (Smart Close)
  • Information technology efficiency
  • Shared service centers (SSC)
  • Due Diligence

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International expansion

  • International expansion through direct investments, transactions, joint ventures or production sharing agreements
  • Raising equity and debt financing
  • M&A transaction support
  • IPO support
  • Tax aspects of mergers and acquisitions
  • Creating a flexible global structure

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Fraud prevention and detection

  • Fraud risk management, anti-corruption compliance programs
  • Internal corporate investigations and forensic accounting
  • Disputes analysis and arbitrage support

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Sustainability

  • Enterprise-wide risk management
  • Sustainability reporting
  • Embedding internal controls
  • Corporate governance improvement
  • Assessment of environmental risks and liabilities
  • Consulting on use of liquefied natural gas (LNG)
  • Supply chain security

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In our ever changing global economy, Russian oil and gas companies face both new challenges and opportunities that can substantially affect their business. Some require a lot of time, knowledge and resources. Our team of dedicated industry experts is here to help. We study industry trends and issues closely so that we can better understand our clients’ challenges and help them achieve their goals.

Insights

Contact us

Maxim Timchenko
Partner, Russia and CEE Oil & Gas Leader
Tel: +7 (495) 967 6312
Email

Dmitry Mordovenko
Partner, Consulting services, Oil & Gas, Leader of PwC Strategy& Russia
Tel: +7 (495) 604 4100
Email

Galina Naumenko
Partner, Energy and Natural Resources Tax Services
Tel: +7 (495) 223 5199
Email

Ekaterina Malygina
Partner, Energy and Natural Resources Tax Services
Tel: +7 (495) 967 6214
Email

Viktoria Nosachenko
Senior Marketing Specialist
Tel: +7 (495) 967 6000 ext. 2434
Email

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