Risk assessment report

No of partners in the Joint Venture
% ownership in the JV
Average Operating Budget/ Cost per year (last 3 years)
License/ operation is located in
License/ operation is operated from
IF CPI score is different – Risk increases
Partner Location for license Follow up
License has been audited before
Audits normally cover
JOA Complexity and Unitisation
Auditee has been operator for
Operator provides financial documentation in a timely manner
Operator provides technical documentation in a timely manner
The operators support organisation is sound and competent
The operators operational organisation is sound and competent
The operators HSSE records are good and LTI is strong
Operator is using the following ERP system
Transaction lines in the JADE contains on avarage / year
Operational expenses have increased/ decreased over the past 2 years by
G&A cost level
Corporate Cost allocation by Operator is
Tax regime complexity (Offshore/ Onshore/ VAT/ Sales Tax etc)
% of transactions which are settlements (Automatic/ Manual)
Our MC representative is concerned about the license
Our Technical personnel is concerned about the operation
Our Management team is concerned about the operation
We have limited resources to follow up on the license/ asset
# of Producing wells
# of exploration wells last 18 months
Onshore or Offshore operation

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Gross Scope for Audit (MUSD)

Number of years to be audited

Available Resources – Auditors

Select your Risk Level for License

We are considering performing a