On a $1 billion project, what is the distance between 90% and 98% recovered?
$80 million. Not earned, not saved - simply kept or forfeited, decided by the quality of a process and files. Cause for conflict, claims and delays. Most organisations only open the files when the audit letter arrives.
Each year, over $600bn of opex and capex is subject to cost recovery under PSC/PSA and licence regimes. Recovery usually starts a year after the cost is incurred - when the people have left, the contractors have demobilised and the evidence is scattered across systems and inboxes. By then, the file, not the spend, decides the percentage. The field is a different world. Dynamic, a coming and going of people, project phases involve different people and contractors. Temporary presence. And once operations start, a new team has to deal with Cost Recovery.
We identify 4 leakage points: disallowed cost, time leakage & inflation, gold plated specs and efficiency failure and non recoverable operational realities.
For new ventures: recovery-ready from the first contract. The regime is encoded before the spend begins, and evidence is captured as the work happens - not reconstructed after the fact. The recovery file writes itself alongside the project.
The Cost Recovery stage of The Workbench →For existing assets: establishes the distance between what you recovered and what the regime allows. Archaeology, honestly named - but archaeology that produces a cheque.
The service →99.7% recovery on a major Middle-East venture - the highest in the operator's history - now encoded in the powerabode recovery schema. Beating the highest level of the 85-95% bandwidth that is commonly accepted for cost recovery.
This is readiness for the next audit, not a hunt through anyone's past. And it is growing: a dedicated cost-recovery product line - powered by powerabode - is coming as its own destination.
If we are involved on day 1, it can be fully AI powered through Workbench. If we get involved later, the solution is blended: our experts and Workbench will take your cost recovery to new heights.
Cost recovery is strongest when evidence, entitlement and process discipline are built before the audit moment.
No. The strongest position is day-one readiness, where the evidence discipline is built into the operating model from the start.
A recovery readiness assessment can identify gaps, evidence needs and practical recovery positions for existing assets.
Operators, governments, joint ventures and asset teams managing production-sharing, cost-recovery or audit-sensitive regimes.
The Workbench can structure entitlement, evidence, gap closure and audit-defence packs in a traceable workflow.
A demonstration walks a cost through the recovery schema: regime encoded, evidence attached as the work happens, the file audit-ready before the auditor asks. Every demonstration ends with a roadmap, dated next steps.
See it working - book a demonstration