Due Diligence Partner Review
Qfactorial took part in a review of pre-unit arrangements for Johan Sverdrup, one of the largest oil fields on the Norwegian continental shelf. Representing one of the partners in a joint review activity, the aim was to verify the working operator’s compliance with project requirements for decision-making, PDO preparation, partner involvement, technology transfer and HSE during phase 1 of the project.
The review included planning, pre-meetings, document review and on-site interviews with key members of the working operator’s project team. Co-ordination and co-operation within the review team and regular consultation with sponsors in each partner organization ensured the successful completion of the review.
The team worked well together, overcoming the challenge of different expectations and interests of the sponsors whilst maintaining objectivity and balance in all aspects of the review. A rigorous and critical process was applied to justify, collate and prioritize the findings. Key findings were distilled from the large data set and presented, with recommended actions, to the working operator and the review sponsors.