Maximise your global impact. Oil & Gas PRECISE. PROVEN. PERFORMANCE.

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1 Maximise your global impact Oil & Gas PRECISE. PROVEN. PERFORMANCE.

2 Maximise your global impact Price pressures and falling margins. High project development costs. Resource nationalism. Overcoming such challenges and seizing opportunities is the key to success for oil and gas companies. At Moore Stephens we understand this complex landscape and work hard to help our clients build profitable businesses equipped to capitalise on economic and market challenges. Through the Moore Stephens International network with over 600 offices in more than 100 countries we offer comprehensive assurance and advisory services to oil and gas businesses around the world. We apply local knowledge from the jurisdictions where you operate, while our London team provides access to one of the world s major capital markets. Our technical and sector experts work closely together, providing solutions and support to improve your business performance and achieve efficient compliance. Rapid response, sector knowledge and understanding of your business characterise our one-stop service approach. As a Top 10 accountancy firm specialising in the oil and gas sector, we provide a real alternative to the larger firms. Helping you meet your challenges We start by understanding your particular challenges and priorities, then tailor our services to match. Areas where we can help include: helping you overcome price and cost pressures through an operational financial review; raising funds through public markets and bond issues to finance project development; advising on your operating structures; increasing your operational efficiency through outsourced payroll and financial reporting; assessing the profitability of development projects through financial modelling; boosting your cash flow by applying our specialist expertise in UK R&D tax credits; advising on restructuring of operations, to prioritise business rescue and enhance value to stakeholders; ensuring tax-efficient outcomes wherever you operate by applying our local expert knowledge; protecting your business operations through our expertise in IT controls and cyber security; strengthening your relationships with local communities and stakeholders through our corporate governance reviews; reinforcing your risk management with the help of our Governance, Risk & Assurance team; responding to conflict situations through our dispute resolution and litigation support services; complying with the increasing regulation and reporting requirements including Extractive Industries Transparency Initiative compliance. We start by understanding your particular challenges and priorities. 2 Energy Mining & Renewables Oil & Gas 2

3 International reach This map shows examples of oil and gas expertise from the Moore Stephens International network Mexico Belize Guatemala Honduras Finland Russia El Salvador Nicaragua Estonia Latvia Lithuania Belarus Moore Stephens Guatemala were engaged by a significant Singapore-based group, focused on mid-stream and downstream delivery across the world. This includes fuel storage, distribution, marine bunkering and aviation fuel, along with a network of retail fuel stations. The group has over 7 million cubic metres of storage capacity worldwide, and provides fuelling services at 48 airports and has 2,260 retail sites. Moore Stephens Guatemala has worked with the group for the past 15 years, including helping to ensure compliance with local taxation. Moore Stephens provided expertise to assist the group during tax audits, and as a result helped to recover a significant amount of tax credits. Moore Stephens Guatemala also helped to improve tax planning and structuring for the company, to provide a more efficient arrangement for the future. In addition to the taxation advisory services provided, Moore Stephens Guatemala assisted the company in two mergers, and have advised them on their transfer pricing policies for all their Central American subsidiaries. Our UK sector team have significant experience in working with oil and gas companies, providing a full range of audit and advisory services to both public and private entities. In addition to exploration and production and oil trading, due to our strength as the leading accountancy firm servicing the shipping sector, we provide audit services to a substantial number of companies in the offshore maritime sector including drilling platforms, support vessels and supply ships. Moore Stephens have been appointed as the Extractive Industries Transparency Initiative (EITI) independent administrator for over 20 countries worldwide, including the UK. A world-leading company in offshore deep water drilling appointed Moore Stephens LLP to undertake statutory accounts preparation and audit for a number of their UK subsidiaries, with operating assets involved in projects across the world. Moore Stephens were appointed because of our unrivalled knowledge and credentials across the oil & gas, shipping and offshore maritime sectors. The company benefited from a strong and productive business relationship with an audit firm specialised in their area. This included providing bespoke accounting seminars, keeping the company well-informed of UK and US financial reporting updates and regulatory changes affecting the offshore oil and gas sector, such as upcoming changes in the accounting treatment for leases. Ukraine Kazakhstan Moore Stephens CIS were engaged by one of the largest vertically integrated oil and gas companies in the world. The Russia-focused group has operations ranging from exploration and extraction of crude oil, to refining, marketing and distribution of oil products. The group requested Moore Stephens CIS to assist them in a review of the management and ownership structure of four oil terminals, located in Russia. By carrying out assessments with the management teams at the terminals, and utilising Moore Stephens expertise in international best practice, Moore Stephens CIS were able to present the group with two possible options for corporate and management restructuring. The assignment provided management with detailed information on which to base their decision about the future of the terminals. This played a key part in the overall restructuring of the group to ensure the most efficient operational and reporting configuration. 3 Oil & Gas Oil & Gas 4

4 Our services Our services to the sector reflect the dynamism and complexity of our global oil and gas clients. Corporate finance Our Corporate Finance team has built a reputation for providing a tailored service that meets our clients specific requirements, whilst recognising the importance of our clients not losing autonomy or control of a project. Our experience includes advising clients on the structuring and funding of ventures, raising finance, mergers, acquisitions and disposals including identifying acquisition targets or purchasers, due diligence investigations, advising on IPOs and bond issues, valuations, assisting with negotiations and dispute and litigation support. Restructuring and insolvency We apply our commercial understanding to all situations, seeking to find cost-effective solutions and maximise returns to lenders. Our first priority is business rescue. When consulted early, we have the maximum opportunity to save a business in financial distress and protect the assets of lenders, creditors and equity providers. We aim to rescue the entire business or its profitable activities, and enhance value to stakeholders, of which there are many different types with valid but potentially competing interests. Transaction support Moore Stephens has substantial experience in acting as Reporting Accountants on flotations. The London team has acted on many high profile initial or secondary public offerings and class circulars for fully listed or AIM clients, including a significant number in the natural resources sector. Collaborating globally, we have substantial experience on worldwide exchanges. Services to private equity We can offer a valuable independent layer of advice, providing sector expertise, operational reviews, risk management and financial modelling. Audit and reporting The very nature of the audit process means we gain a detailed knowledge and understanding of businesses at numerous levels and, as such, we are able to quickly identify risks as well as any areas for potential improvement. The team can also advise on the numerous changes to rules and regulations regarding UK and US accounting standards and IFRS. We also have experience in undertaking joint venture audits. Of particular relevance is the impact of IFRS 15 Revenue from contracts with customers and the impact of the new leasing standard, IFRS 16 Leases. Business tax The scope of our services to clients with international operations extends beyond the delivery of compliance services to advising on international business structures and tax issues to optimise their position in cross-border transactions. We are also able to advise on international and local tax implications, both in response to, and in anticipation of, changes in tax environments and to their own particular needs. We also offer the full range of personal and expatriate taxation services. Research & development (R&D) tax Our specialist R&D team in the United Kingdom has a strong relationship with HMRC and insight into its requirements. Our team comprises engineers, software programmers and scientists, as well as specialist finance professionals such as auditors and tax accountants. Since the scheme began in 2000 our team have successfully claimed back around 125m for our clients with a 100% success rate. Sustainability We are able to provide assurance over sustainability and environmental metrics and other financial key performance indicators. Governance, risk & assurance The management of risk and implementation of robust corporate governance is an increasingly important aspect of global business. Our team is able to ensure that your risk management and governance strategies are not a quick fix to compliance but something that provides value, empowering your business to achieve its goals. Extractive Industries Transparency Initiative (EITI) We have extensive experience in EITI. Moore Stephens is an accredited validator, undertaking assignments to produce EITI reports that independently verify and reconcile the tax and royalty payments disclosed by companies and by governments. We have been appointed as independent reconcilers for more than 20 EITI implementing countries. Rhiza risk management software Rhiza is our bespoke risk management software developed by Moore Stephens. Combining professional risk management expertise with intelligent design, Rhiza is an easy-to-use, customisable and cost effective software solution which can help overcome the practical difficulties of managing risks at an enterprise level and ensuring compliance with listed company requirements. Forensic accounting Our team is a highly specialised unit with extensive experience in dealing with disputes analysis and investigations. We work closely with clients and their lawyers to present the best case possible, expedite the legal process and provide meaningful commercial solutions. We regularly advise clients on commercial and contractual disputes and mediation involving business or share valuations; expert witness and quantification of loss; forensic investigations, particularly in relation to fraud claims, tax investigations and asset tracing and legal disputes involving family and private wealth. IT consultancy In today s environment, businesses increasingly depend on effective IT systems, but the risks of failure can be high. The challenge is to harness the power of IT whilst avoiding the risks, we can ensure your IT systems work efficiently and effectively in supporting your business in meeting its objectives, both now and in the future. Our team of specialists can provide a range of services to meet your objectives, including risk reviews, business continuity planning, assurance on the accurate processing and reporting of data and planning and implementation of IT projects. Cyber security We can help you be confident that: your data is secure, reliable, accurate, appropriate, complete and available when needed to enable effective business decisions; IT application systems are well secured, and are performing as required in implementing business rules. Outsourcing Our experienced professionals deliver outsourcing services across a range of disciplines, so you can be assured that whatever your requirements, we can meet them in full. Our services include: financial accounting and administration, remotely or on-site; operation of bank accounts and cash management; management reporting and budgeting; procurement and facilities management; providing short-term solutions to staffing requirements. 5 Oil & Gas Oil & Gas 6

5 Moore About Moore Stephens Stephens in the UK Moore Stephens is the a top UK s ten 9th accounting largest and independent advisory network, accounting with offices and consulting throughout the network, UK and member comprising firms over across 1,500 the partners globe. and staff in 35 locations. Our clients range from individuals and Our entrepreneurs, objective is to simple: large organisations to be viewed by and clients complex as international the first point-of-contact businesses. We for all their financial, partner with advisory them, and support compliance their aspirations needs. We achieve and contribute this by providing to their success. sensible In-depth advice and tailored understanding solutions of to our help clients clients allows achieve us to their deliver commercial focused accounting and personal and advisory goals. solutions, both locally and globally. Clients have access to a range of core and specialist Clients have services access including to bespoke audit services and tax and compliance, solutions, including business audit and and personal assurance, tax, trust and business estate support planning, and wealth outsourcing, management, payroll and IT consultancy, employers support, governance business and and risk, personal business support tax, governance and outsourcing, and risk, corporate finance, corporate forensic accounting, recovery and wealth forensic management, accounting. IT consultancy, and restructuring and insolvency. Our success stems from our industry focus, which Our success enables stems us to from provide our industry an innovative focus, and personal which enables service us to to our provide clients an in innovative our niche and markets. personal service Specialist to sectors our clients include a range charities of & not-for-profit, sectors. education, energy & mining, family offices, financial services, healthcare, hotels & leisure, insurance, pensions, Moore Stephens globally professional practices, public sector, real estate, shipping, social housing, sports and Moore Stephens International is a top ten technology & media. global accountancy and consulting network, headquartered in London. With fees of over US$2.66 billion and offices in 106 countries, clients have access to the resources and capabilities to meet their global needs. By combining local expertise and experience with the breadth of our UK and worldwide networks, clients can be confident that, whatever their requirement, Moore Stephens provides the right solution to their local, national and international needs. Contact information If you would like further information on any item within this brochure, or information on our services please contact: Michael Simms Partner, Assurance michael.simms@moorestephens.com Phil Cowan Partner, Corporate Finance phil.cowan@moorestephens.com Anthony Cunningham Associate Director, Governance, Risk & Assurance anthony.cunningham@moorestephens.com Peter Duffy Director, Assurance peter.duffy@moorestephens.com Cassie Forman Director, Offshore Maritime cassie.forman@moorestephens.com Gareth L. Jones Director, Outsourcing gareth.l.jones@moorestephens.com Mark Lamb Partner, Assurance mark.lamb@moorestephens.com Marty Lau Partner, Corporate Finance marty.lau@moorestephens.com Steven Levine Partner, Innovation & Technology steven.levine@moorestephens.com Kevin Phillips Partner, Tax kevin.phillps@moorestephens.com Laura Pingree Director, Assurance laura.pingree@moorestephens.com Ian Staunton Partner, Assurance ian.staunton@moorestephens.com Steve Williams Partner, Governance, Risk & Assurance steve.williams@moorestephens.com We believe the information contained herein to be correct at the time of going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. Printed and published by Moore Stephens LLP, a member firm of Moore Stephens International Limited, a worldwide network of independent firms. Moore Stephens LLP is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Authorised and regulated by the Financial Conduct Authority for investment business. DPS30029 August 2016