UC-797
Test the Tax Position on Every NCS Cost
Checks how each cost is treated for Norwegian continental shelf tax, so deductible spend is not left in the wrong category.
TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
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The Challenge
Cost is coded for the ledger and the tax treatment is applied later by a small team under deadline. Tax is filed per licensee rather than per licence, so any improvement here is entirely OMV's own money, which makes it the least shared value in the portfolio and the least examined.
How It Works
- The engine reads each cost with its licence, its AFE and its contract basis.
- It tests the treatment against the NCS tax rules and flags anything sitting in a category that does not fit.
- It routes every flag to tax specialists for decision and records the basis of the answer.
What It Removes
- Tax treatment applied late and under deadline
- Deductible cost left in the wrong category
- The one pool that is entirely OMV's own, least examined
Input Data RequirementsCost postings with licence and AFE coding, contract terms, prior tax filings and treatments, NCS tax rules and guidance.
Output FormatCost treatment exception list with the rule cited, a specialist review queue, and a record of the basis for each decision.
“Tax is filed per licensee, so every krone here is ours alone.”