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Untangling a $500 Million Oil and Gas Dispute for a Joint Venture Client
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June 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.
Published
June 05, 2024
Key Contacts
Senior Managing Director, Head of France Economic and Financial Consulting
Senior Managing Director, Head of France Construction, Projects & Assets