OilField Services
Canada is the world’s third largest natural gas producer and the world’s seventh largest crude oil producer. In 2009, net cash expenditures on oil and gas exploration, well operating and development activities contributed approximately $15.9 billion to the Canadian economy.*
MNP recognizes that the oil and gas services industry is a significant contributor to Canada’s economy. Whether you are a public or privately-held company, MNP’s team of Oilfield Service professionals have the skills and the industry insight to meet your needs. Working closely with you, we will assemble a team of specialists to help you respond to emerging trends, anticipate risk effectively, improve performance and operate more efficiently.
In addition to our traditional suite of accounting, assurance and income tax preparation services, MNP delivers customized business strategies to meet your unique needs. Specifically, we will help you:
- Develop strategic business plans
- Mergers & Acquisitions
- Develop compensation structures for employees that are linked to business performance goals
- Enhance your supply chain management
- Maximize your operating cash flow through improved processes
- Preserve cash through downturns and commodity cycles
- Protect your assets from creditors
- Design a succession strategy to transition your business in a profitable manner
- Benchmark your business performance to industry standards
- Improve your customer service programs
- Develop tax strategies to minimize annual income taxes
- Maximize enterprise value prior to selling your company
- Draft Scientific Research & Experimental Development (SR&ED) tax credit applications to get the most from your claims
- Raise capital through debt or equity financing
Committed to their profession and the industry, our Oilfield Services professionals have completed training at Enform and are also proud members of the Petroleum Services Association of Canada and the Canadian Association of Oilwell Drilling Contractors.
*CAPP Statistical Handbook (2010 data), table 4.2b, excludes oil sands data.
To find out how MNP can help you, please contact any member of our Oilfield Services team or call Ted Poppitt, Senior Vice President, Client Services at 1.877.500.0792