Maximized Cost Recovery and Recapture of Lost Funds for Oil and Gas Company

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Maximized Cost Recovery and Recapture of Lost Funds for Oil and Gas Company

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Thursday, December 15, 2016 - 1:15pm

CONTENT: Article

CHALLENGE

An international oil & gas refiner and retailer engaged Antea Group to design a program to maximize cost recovery across its vast U.S. portfolio. Antea Group was to assess the client's eligibility for and recovery of any and every incident managed by the client. We were also requested to develop systems that would enable full recovery of eligible costs with 0% missed dollars. 

SOLUTION AND RESULTS

Antea Group established teams of experts in every state with reimbursement funds where the client’s incidents occurred. The reimbursement program resulted in the recovery of over $350 Million of recovered funds, over $22 Million in historical costs previously missed, a 100% spend-to-submit ratio on eligible sites, and much more, of which you can read at the Antea Group website.

ABOUT ANTEA GROUP

Antea Group is an international engineering and environmental consulting firm specializing in full-service solutions in the fields of environment, infrastructure, urban planning and water. By combining strategic thinking and multidisciplinary perspectives with technical expertise and pragmatic action, we do more than effectively solve client challenges; we deliver sustainable results for a better future. With more than 3,000 employees in over 100 offices around the world, we serve clients ranging from global energy companies and manufacturers to national governments and local municipalities. Learn more at http://us.anteagroup.com. 

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Keywords: Energy | Cost Recover | antea group | cost reduction | fund recapture | fund recovery | lost funds

CONTENT: Article