Upstream Accounting Excellence AS
Fabrikkveien 21
4033 Stavanger ∙ Norway

Our services

FINANCE & ACCOUNTING OUTSOURCING
UPAX delivers a full range of accounting services to our outsourcing clients. UPAX have extensive experience with SAP and other accounting systems, and work closely with our sub-supplier EVRY to ensure excellent SAP support and maintenance services to our customers. Selected outsourcing services:

  • Joint venture accounting
  • Oil & gas revenue accounting
  • Treasury
  • Accounts payable & accounts receivable
  • Reporting & analysis
  • Payroll processing
  • Back-office and front-office services

CONSULTING
UPAX delivers quality ensured projects within the oil & gas accounting area. We combine general consulting skills with hands-on experience within our area of specialization. Examples of UPAX project experience:

  • Project management
  • Establish accounting functions for new oil companies
  • Pro et contra settlements related to license sales, swaps and acquisitions
  • Establish internal control framework for finance and accounting functions
  • Transfer of operatorship (field in operation)
  • Establish reconciliation procedures/routines
  • Establish cost allocation regime for new operators  
  • Assist SAP implementations
  • Audit and improve Excel models
  • Establish and develop shared services functions
  • Interim finance management   

PARTNER AUDIT
UPAX performs partner audits on behalf of several oil companies. We offer a pool of experienced partner auditors, for audit work both in Norway and abroad:

  • Type of assignments: lead and non-lead  
  • Type of audits: license/overhead/infrastructure/logistics/contract
  • Where: domestic and abroad