Oil and Gas
Powering Financial Strength and Regulatory Confidence in the
Oil and Gas Sector.
INDUSTRIES
Specialist Audit and Accounting Solutions for Oil and Gas Companies
The Oil and Gas industry operates in a highly regulated, capital-intensive and risk-sensitive environment. From upstream exploration and production to midstream transportation and downstream distribution, businesses face complex financial reporting requirements, joint venture structures, fluctuating commodity prices and evolving regulatory frameworks.
Crowe UAE provides industry-focused audit, accounting and advisory services tailored to oil and gas companies operating in the UAE and across the region. Our experienced professionals understand the financial, operational and compliance challenges unique to the energy sector and deliver solutions that enhance transparency, strengthen governance and improve financial performance.
Our Expert Services
Audit & Assurance
We deliver independent statutory audits and IFRS-compliant financial reporting services designed specifically for oil and gas entities. Our audit approach addresses revenue recognition, production sharing agreements, asset capitalisation, impairment testing, decommissioning liabilities and joint venture reporting.
Accounting & Financial Reporting
Our accounting specialists support upstream, midstream and downstream businesses with bookkeeping, consolidation, financial statement preparation and outsourced finance functions. We help manage complex cost allocation models, capital expenditure tracking and project accounting requirements.
Internal Audit & Risk Advisory
We evaluate internal controls across procurement, inventory management, contract management and operational processes. Our internal audit services strengthen risk management frameworks and ensure compliance with corporate governance standards.
VAT & Tax Advisory
The energy sector requires careful tax planning and regulatory compliance. We provide VAT advisory, tax structuring and compliance support aligned with UAE regulations, helping oil and gas companies manage tax risks effectively.
Transaction & Business Advisory
From mergers and acquisitions to asset valuations and feasibility studies, we offer financial due diligence and strategic advisory services to support investment decisions, restructuring and expansion initiatives.
Sectors We Serve
We deliver specialised audit, accounting and advisory services across the entire oil and gas value chain in the UAE and regional energy markets.
1
Upstream Oil & Gas Companies – Exploration, Production & Joint Ventures
We provide specialised audit, accounting and advisory services to upstream oil and gas companies, including joint venture audits, production sharing contract (PSC) reviews, reserve and asset reporting support, capital expenditure validation and full compliance with IFRS and UAE regulatory requirements.
2
Midstream Transportation & Storage
Pipeline operators, LNG facilities and storage terminals rely on our expertise in financial reporting, cost allocation models, internal control reviews and risk management advisory to ensure operational and financial efficiency.
3
Downstream Refining & Distribution
We assist refineries, fuel distributors and retail operators with inventory audits, revenue assurance, margin analysis, regulatory compliance and financial reporting to strengthen governance and profitability.
4
Oilfield & Energy Service Companies
Engineering, drilling and technical service providers benefit from our project accounting support, contract compliance reviews, VAT advisory, financial audits and internal control assessments tailored to large-scale energy projects.