Oil and Gas Group News* – Issue 1

February 2008

Welcome to the first edition of the PricewaterhouseCoopers Oil & Gas group Newsletter.

PricewaterhouseCoopers offers an unrivalled network of dedicated industry experts for the oil & gas sector. For many years we have been at the heart of the industry, providing advice across a variety of areas, including assurance & audit, transactions, advisory, tax and performance improvement. In each edition of this bulletin we will highlight particular issues from specific areas that are currently pertinent in the market.

In this first edition we consider the IASB’s research project on accounting for oil & gas reserves, including developments from the project team’s educational session in June; the increasing trend of non-financial measurements in relation to Executive Remuneration and how this can affect oil & gas companies; and we provide commentary from the latest PwC survey on merger and acquisition activity in the global oil & gas industry.