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Oil & Gas
Sector

Transfer Pricing in the Oil & Gas Sector

The O&G sector involves a significant volume of intragroup transactions, including product sales/purchases (crude oil, natural gas and refined products and chemicals), technical engineering and construction services and equipment leasing, deposit and transportation services, loans, guarantees and the transfer of intellectual property (knowhow, patents, tradenames) among the participants of the MNEs, as upstream companies connect to the midstream and downstream players.

Our sector experts may provide assistance in the following matters:

  • Operative model and value chain analysis for both National Oil Companies (NOCs) and International Oil Companies (IOCs).
  • Determination of the profitability attributable to oil field services, Exploration and Production (E&P) activities, and operative services, including the Joint Operating Agreements (JOAs) and laboratory activities related to blending and quality control.
  • Elaboration of the contracts that regulate the intragroup operations, royalty charges and conditions of financing.
  • Compliance in terms of the elaboration of the transfer pricing documentation (Local File and Masterfile).
  • Tax reporting, such as local corporate tax forms.

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Should you wish to discuss further, please contact
our oil & gas sector transfer pricing experts

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