The Ministry of Petroleum of Gabon engaged Alex Stewart International (ASI) to perform an audit of the Obangue and Tsiengui oil fields, which were being operated by Sinopec-Addax under a production sharing agreement with the Gabon Oil Company (GOC). The purpose of the audit was to establish a baseline of the fields’ assets and production operations for use in determining the allocation of oil produced as either a reimbursement to Addax of field development costs (“cost oil”) or the amount to be shared between the GOC and Addax (“profit oil”). ASI hired K&M to assist with evaluating the production and operations of the fields, as well as to catalogue and value all property, plant equipment, wells, oil stocks, and support infrastructure.