- Untangling a $500 Million Oil and Gas Dispute for a Joint Venture Client
Untangling a $500 Million Oil and Gas Dispute for a Joint Venture Client
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juin 05, 2024
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A global FTI Consulting team provided expert causation data, forensic delay analysis and quantification of damages and loss of profits in a contract dispute.
Our Impact
- FTI Consulting allowed the client to reconstruct and present a legible understanding of the delays and prejudice incurred in the dispute and its causation.
- The client was able to present an accurate value of the impact of the prejudice and its present value for compensation.
- Information provided to the company and its legal advisors helped untangle claims worth $500 million.
Our Role
- FTI Consulting provided delay analysis of the disrupted worksite and applied extensive commissioning and industrial understanding to uncover organizational, technical and quality failings.
- Our experts conducted an extensive financial analysis to accurately determine the impact of the disruption and attendant failings, focusing on quantum claims aimed at valuing prolongation, disruption and financial claims.
- Our team built a market simulation for adequate loss of profits calculations based on our analysis.
Situation
Experiencing worksite disruptions related to security and mobilisation issues for years on end, a national oil company operator engaged FTI Consulting to provide expert causation data, forensic delay analysis and quantification of damages and loss of profits in a contract dispute for a newbuild greenfield oil center in North Africa.
Date
juin 05, 2024
Contacts
Senior Managing Director, Head of France Economic and Financial Consulting
Senior Managing Director, Head of France Construction, Projects & Assets