Junior oil and gas companies

View this page in: Français

Junior oil and gas companies are busy focusing their efforts on finding, exploring and developing their oil and gas assets. Executives are making decisions and implementing strategies that consider both short and long-term sustainability, drive innovation, meet business goals to position the company for success and build stakeholder confidence.

To support your business and give you informed, practical solutions that reflect the reality of the environment you operate in you want to work with an advisor that truly “gets you” because they focus exclusively on the Junior Oil & Gas sector. PwC is that advisor. We have a team that’s 100% dedicated to the junior oil and gas sector. This commitment allows them to deliver assurance, consulting, deals and tax services specifically designed for juniors. 

Our core services for the Junior oil and gas sector:

Transaction services

International expansion

Foreign Asset Investment Trust (FAIT)

Enhanced Production Audit Program (“EPAP”)

Industry benchmarking study


Value-add tax advice


Accounting advisory services

Additional services

Capital Markets and Accounting Advisory Services

Complex Mergers and Acquisitions

  • Carve-out financial statements
  • Pro-forma financial information
  • Accounting function integration

IPOs and Capital Market Transactions

  • Readiness assessments for public reporting
  • Advice on regulatory and exchange requirements
  • Assistance with financial statements, prospectus and other documents
  • Assistance with due diligence process
  • Advice on alternatives
  • Assistance with offering documents

Regulatory Issues and Restatements

  • Assistance with offering documents
  • Support in responding to regulatory comments and requests
  • Advice on alternatives

GAAP / IFRS Interpretation and Conversions

  • Diagnostic summary of key impacts on transition
  • Evaluation and development of accounting policies
  • Training development
  • Support in analyzing and documenting technical accounting issues

Accounting Standard Adoption

  • Adoption of new standards under IFRS, U.S. GAAP and Canadian GAAP for Private Enterprises
  • Diagnostic summary of key impacts on adoption
  • Evaluation and development of accounting policies
  • Training development and implementation
  • Support in analyzing and documenting technical accounting issues

Other Services and Products

  • On-site assistance / expert secondment
  • Quantitative analysis and model development
  • Tax Accounting Services
  • Comperio
  • Automated Disclosure Checklists
  • PwC IFRS Manual of Accounting

Financial reporting

  • Interpretation and adoption of IFRS and GAAP standards and reporting requirements
  • Corporate reporting
  • Analysis and documentation of technical accounting issues
  • Support in responding to regulatory comments and requests
  • Advice on accounting alternatives

Optimizing income statement & balance sheet positions

Regulatory advisory services

  • Assistance with regulatory files
  • Preparation for regulatory hearings
  • Expert witness services

Risk assurance

Internal audit effectiveness

  • Outsourcing and co-sourcing
  • Function transformation
  • Effectiveness and quality assessments

Optimizing controls

  • Enterprise resource planning (ERP) controls
  • Business controls advisory – planning, design and assessment

Managing risk in IT

  • Data assurance and analytics
  • IT risk assurance
  • Cybersecurity and privacy
  • Project assurance

Performance assurance

  • End-to-end performance assurance solutions
  • Third party risk management
  • Third-party assurance including trust service attestations (SysTrust) for processes and systems
  • Business process assurance and controls optimization

Capital project risk assurance

  • Capital project governance and controls optimization
  • Project audit (pre-construction readiness, construction and hand over to operations)
  • Commercial and contract assurance (cost management, recovery and contract management optimization)

Business resilience

  • Regulatory compliance
  • Business continuity management

Sustainability and climate change

  • Strategy and implementation
  • Reporting and assurance
  • Severe weather and climate adaptation
  • Health, safety and environment management systems
  • Governance management

Audit & other services

Mergers and acquisitions and corporate finance

  • Lead advisory services from transaction inception to close (buy and sell side)
  • Market entry strategy

Debt and capital advisory

  • Financing solutions for borrowers and shareholders

Valuation, modelling and disputes

  • Strategic value consulting (using analytics to quantify the associated tangible and intangible value impacts)
  • Fairness opinions
  • Disputes including litigation support
  • Business modelling


  • Perform buy side or sell side financial, tax and operational due diligence

Infrastructure & project finance

  • Financial advisory services (private sector and public sector side)
  • Business case and feasibility analysis


  • Investigate, analyze and remediate potential or actual crises including financial, regulatory and legal implications

Delivering deal value

  • Merger integration and divestiture/carve-out support
  • Operational, IT, and HR diligence
  • Synergy identification and management


Corporate tax and advisory

  • Corporate tax returns, tax obligations and compliance advisory
  • Capital tax planning, provincial and national tax strategy

International tax

  • Selection of appropriate business and financial structures for foreign operations
  • Acquisition and financing of operations and investments abroad
  • Repatriation of funds and the taxation of foreign-source income
  • Impact of tax treaties, foreign tax holidays and exchange controls

Transfer pricing

  • Planning, assessment, compliance and dispute resolution

Indirect tax

  • Jurisdictional obligations for GST, value-added tax, severance, property, employment and custom duties

Human resource services

  • Global mobility program assistance, including payroll, compensation and benefits
  • International tax structures and policies


  • Canadian and global tax and legal services to support immigration programs (including governance strategy and training)

Scientific research and experimental development (SR&ED) credit

  • Assessment of R&D eligibility and grant applications and submissions

Tax mergers and acquisitions

  • Assess and manage acquisition and merger risk
  • Optimal tax deal structuring
  • Pre-acquisition and pre-sale due diligence
  • Post-deal tax solutions

Tax reporting and strategy

  • Tax operations management
  • Tax strategy assessments
  • Improve data management
  • Technology updates


  • Technology advisory (including IT strategy, governance, processes, systems selection and optimization)

Cybersecurity & privacy

  • Cyber threat intelligence and risk assessment
  • Security and resilience strategy development
  • Crisis management, incident response and containment
  • Forensics and investigation


  • Strategy development, business consulting and benefits realization
  • Platform selection and architecture design
  • Systems integration and implementation advice
  • Data extraction and analytics on workforce productivity

Enterprise applications (Oracle, Microsoft, Salesforce, SAP and Workforce)

  • Custom Application design, development, testing and deployment
  • Enterprise Application Integration
  • Enterprise Resource Planning
  • Customer Relationship Management
  • Supply Chain Management
  • Product Lifecycle Management (including product design and launch)

Delivering deal value

  • Merger integration and divestiture/carve-out support
  • Operational, IT and HR diligence
  • Synergy identification and management

Finance effectiveness

  • Finance operations
  • Enterprise performance management
  • Sustainable cost reduction

Operations excellence

  • Operations strategy and transformation
  • Procurement and sourcing
  • Lean operations and change management programs

Capital project & asset management

  • Capabilities transformation and execution (including project management, controls, procurement, turnover and commissioning)
  • Asset lifecycle management
  • Enterprise asset management (including strategy, assessment and technology implementation)

Procurement and supply chain

  • Production and supply chain execution
  • Supply chain planning and optimization
  • Outsourcing advisory

Workforce transformation

  • Strategy development and assessment
  • Business and technology transformation
  • Organizational design
  • Change leadership and communication
  • Talent management
  • Workforce performance measurement

Risk consulting

  • Assessment and implementation of asset risk management frameworks
  • Corporate governance and risk compliance
  • Financial risk management including market credit and insurance risk
  • Regulatory advisory
  • Risk function and operating model advisory services

Digital innovation and transformation

  • Strategy, development, implementation and change management

Energy Events

  • Energy Services forum (Calgary)
  • Energy Services forum (Edmonton)
  • Energy Visions Business Forum (Calgary)
  • Energy Visions Business Forum (Edmonton)
  • Junior Oil and Gas CFO Forum