Joint Interest Billing (JIB) Systems

• Implement JIB module, adjust account structure for JIB reporting/ develop JIB billing and reporting structure.

COPAS Implementation

• Develop joint interest accounting, allocations and JIB in accordance with COPAs agreement. Develop policies and procedures on indirect and overhead allocation methodologies.

Records

• Develop and manage JIB record retention and support methodologies to support Partner inquiries and potential joint interest audits. Develop policies and procedures on JIB record support and retention.

JIB Billing and Reporting

• Develop and manage JIB billing and reporting. Variance analysis on billing actual vs joint plan. Manage joint project actual to budget reports and explanations.
• Ensure timely and accurate cash calls and billings to non-operator
• Reconcile cash calls and actuals to ensure proper billing and collections of cash from non-operator in accordance with the Joint Operating Agreement (JOA)

Non-Operator Audits=-Support audits by non-operator of Joint Venture activities including hosting the audit team, providing and coordinating record requests and reviewing and answering any exceptions