The wolverine difference

The Difference is a Proven Track Record

We have a proven track record, a sample of which includes:

• Identification of operator’s failure to process foreign exchange gains to the joint account in excess of US$7.5 million. This error was not previously identified during non-operator joint venture audits performed by other service providers due to the complexity of the issue and the inability of the auditors to drill down into the data as is possible with ACL. The total agreed recoveries from the audit was US$10.8 million.


• Identification of US$16.2 million of over-charging from Operator requiring documentation and preparation for legal action in the International Court in Brussels.


• Alliance reviews resulting in cost savings from US$3.2 to US$42.7million.


• Overhead recovery review resulting in recovery of US$8.5 million and a revision of processes by Operator.


• Contractor reviews which have identified overcharging in excess of US$2.5million.


• Internal Audits which have resulted in process improvements and improved control environments for Capital Planning & Budgeting, AFE Management, Crude Oil Production Reporting, Capital Cost Recovery, Contract Management, Cost Allocation, Fraud Investigations, Joint Venture Accounting & Cash Calls and Materials Management.