Audit of Remediation Activities for Joint Liabilities

Acorn International participated in an audit for a major international oil and gas company.

The audit was focused on evaluating another operator’s activities associated with remediating joint exploration and production liabilities in a former oil field.

The audit consisted of review of lease maps and agreements and project records as well as interviews with company staff. The purpose of the audit was to ensure that the operator appropriately distinguished their remediation activities and records associated with the joint liabilities from those of their non-joint liabilities.