Oil, gas & natural resources

The oil, gas and natural resources sector faces major uncertainty. Increased international competition, coupled with volatile commodity prices and uncertain demand mean operators must be resilient if they are to succeed. Our experts can help provide the clarity you need to get ahead in a challenging market.

Our approach

Auditing in the oil and gas sector in Bahrain requires more than routine checks, it demands a deep understanding of complex operations, regulatory requirements, and volatile market conditions. At its core, an effective audit involves a thorough review of a company’s financial statements, internal controls, and compliance with industry standards such as GAAP. This includes verifying costs, revenues, assets, and liabilities, while assessing the integrity of financial data and the robustness of internal control systems to prevent fraud or misuse of funds.

The oil, gas, and natural resources sector faces a unique set of challenges, from price volatility and geopolitical tensions to demand uncertainty and the pressure to decarbonise. Operational excellence, risk management, and financial resilience are no longer optional, they are essential.

At Forvis Mazars, we take a global, integrated approach to these challenges. With a presence across five continents, our oil and gas experts offer a flexible partnership model tailored to your operational and strategic needs. We provide support across the full project lifecycle, from prefeasibility and financial modelling to setting up local entities and managing complex capital projects. Our team helps build the business case for accessing new reserves, navigating fluctuating commodity prices, and complying with legal, tax, and regulatory requirements.

We also understand that large-scale projects often come with high risk and occasional disputes. Our Forensic and Investigation Services team is equipped to quantify financial exposure and support resolution through commercial dispute and investigation expertise.

Forvis Mazars also helps clients optimise the operational and financial performance of upstream, midstream, and downstream assets. We advise on structuring decisions aligned with global tax initiatives such as the OECD’s BEPS framework and support external growth strategies, including M&A and asset divestitures.

We believe that data is one of your most valuable assets. Our team helps unlock its full potential, enhancing profitability, managing risk, supporting compliance with global data privacy laws, and protecting systems from cyber threats.

As expectations rise for responsible environmental and corporate governance, we support clients with green accounting, ESG reporting, regulatory alignment, and frameworks that promote transparency and sustainable investment. We also offer benchmarking of anti-corruption efforts and development of governance models that demonstrate your commitment to ethical and sustainable practices.

At Forvis Mazars, we help you remain competitive, compliant, and future-ready, in a sector where resilience, integrity, and strategic foresight are more important than ever.

Tailored services to meet the challenges of a changing industry:

Support in financing and developing your projects

Buy and sell side transaction support including debt and equity raising, tax, financial and model due diligence
Infrastructure finance
International development and external growth: investment opportunity studies in the energy sector, support in driving integration projects, and financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations

Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
Data and automation: improve the power of your data and protect it
Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you transition towards new energies