Oil and Gas

BDO Cyprus has traditionally serviced the needs of international oil and gas companies using Cyprus as an international financial and holding center. For our clients, wherever they operate in the world, it is important that they have the support of their advisers. At BDO, our energy industry professionals have experience and knowledge working with clients in the upstream, midstream and downstream segments of the industry. With the support of our network’s Oil and Gas centers of excellence based in the key oil and gas producing and financing regions of the world - the United Kingdom, North America, Australia and CIS we strive to serve our clients’ needs and exceed their expectations anywhere in the world.

Recent discoveries of hydrocarbons in the Cyprus’ Exclusive Economic Zone and in neighboring countries are set to make Cyprus an important regional energy player. The island has begun developing strategies and ambitious plans to exploit its new-found hydrocarbon wealth. These opportunities are attracting attention and companies providing services to the oil and gas industry are now positioning themselves to take advantage of the opportunities that will result.

Our oil & gas professionals have extensive experience providing financial audits, tax consulting and compliance, business valuation, forensic accounting, internal audit and M&A due diligence to oil & gas companies in all sectors of the industry, including:

• Oil & gas exploration and production (full cost and successful efforts)
• Oil & gas transportation and storage
• Oilfield services