FJB Consulting

What FJB Consulting does

FJB Consulting Inc. is a private, Texas-headquartered audit firm founded in 1997 that delivers specialized contract compliance and energy audit outsourcing services to operators and audit firms worldwide. The firm operates from Dallas, USA and Leon, Spain, with a multilingual team that facilitates audit expertise exchange across the Americas and Europe. Its service portfolio spans three integrated lines: Expenditure Reviews (audits of joint operations, vendor contracts, transactions, and transportation/processing agreements designed to minimize OPEX and CAPEX), Revenue Reviews (validation of measurement, pricing, allocation, and value adjustment calculations to maximize revenue), and Audit Advice (hosting non-operator audits, follow-up and rebuttal support, dispute resolution, audit planning, and in-house staff training).

FJB's underlying technology is human-expertise-led rather than software-delivered; engagement outputs are produced by senior auditors applying standardized industry frameworks (JOA, PSA, SHOA, SA, SPA, Farm-in/Farm-out, PHA, COA) and revenue workflows (measurement calibration, pricing, allocation, quality adjustments). The firm is a member of AIPN, COPAS, EASC, AAPL, Norwegian Offshore Directorate, and OEUK, which functions as a form of technical and commercial accreditation within oil & gas procurement channels. Its roster of historical clients includes BP, Shell, Chevron, ExxonMobil, TotalEnergies, Eni, Equinor, Repsol, Petrobras, Ecopetrol, YPF, Hess, ConocoPhillips, Occidental, OMV, BHP, Pluspetrol, TGP, LLOG, and Hunt Oil, covering both IOCs and Latin American NOCs.

The business model is professional services: quote-based, project- or retainer-style outsourcing engagements delivered by a small team of 1-10 auditors. Pricing is not publicly disclosed, and distribution is direct to enterprise energy operators and audit firms. The firm does not sell software or SaaS; value is delivered through bespoke audit execution, domain advisory, and training, with no disclosed subscription, licensing, or transactional revenue stream.

Name

FJB Consulting

Legal name

FJB Consulting Inc.

Website

https://fjb-consultants.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

FJB Consulting is a Texas-headquartered audit firm founded in 1997 that provides specialized contract compliance, expenditure, and revenue audit outsourcing services to energy companies and audit firms across the Americas and Europe.

Ownership category

akta.pro rank

Product category

Energy Sector Audit Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

Keywords

• Energy sector audit
• Contract compliance audits
• Joint operations auditing
• Revenue validation audits
• Audit outsourcing services

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Audit Outsourcing Services: Professional services revenue generated through providing specialized audit outsourcing solutions to energy companies and audit firms worldwide. Services include expenditure reviews, revenue reviews, and audit advisory services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FJB Consulting provides specialized audit outsourcing services for the energy sector. Its work is organized into three integrated service lines: Expenditure Reviews (auditing joint operations, vendor contracts, transactions, and transportation/processing agreements to minimize OPEX and CAPEX), Revenue Reviews (validating measurement, pricing, allocation, and value adjustment to maximize revenue), and Audit Advice (hosting non-operator audits, dispute resolution, audit planning, and in-house staff training). Services are delivered by multilingual auditors based in Texas and Spain to energy companies and audit firms worldwide.

Product overview

FJB Consulting provides specialized audit services for the energy sector through three integrated service lines: Expenditure Reviews (audits of joint operations, vendor contracts, transactions, and transportation/processing agreements to minimize OPEX and CAPEX), Revenue Reviews (validation of production measurement, pricing, allocation, and value adjustments to maximize revenue), and Audit Advice (expert support including hosting, follow-up, planning, and training). These services are delivered by multilingual auditors operating from locations across the Americas and Spain, serving energy companies and audit firms worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Expenditure Reviews
• Revenue Reviews
• Audit Advice

Named customers20 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Netherland, Sewell & Associates: Independent petroleum engineering and consulting firm specializing in reserves audits and energy-sector contract reviews for the same IOC/NOC client base that FJB serves. Most directly comparable niche specialist in upstream audit outsourcing.
• Lee Keeling & Associates: Independent petroleum engineering and consulting firm providing reserves audits and energy-sector advisory. Smaller U.S.-based boutique comparable to FJB's operating profile.
• Ryder Scott Company: Petroleum consulting firm specializing in reserves audits and reserves-related advisory for upstream oil and gas clients globally. Comparable boutique audit model serving supermajors.
• GaffneyCline: Energy advisory firm offering upstream technical and commercial advisory, including audits and contract compliance support for IOCs, NOCs and financial investors in oil and gas.
• DeGolyer & MacNaughton: Long-established (1949) oil and gas consulting firm providing reserves evaluations, contract audits and energy advisory services to major international oil companies. Closest functional peer in contract compliance audits.

Broad incumbents

• RPS Group: Global energy consulting firm providing technical, commercial and contract advisory services to oil and gas operators, including audit-related support. Wider scope but comparable buyer base.
• EY-Parthenon Energy: EY's global energy practice offers audit, transaction advisory and contract compliance work for oil and gas clients. Overlaps with FJB on JOA/PSA audit mandates but at a much larger scale.
• Wood Mackenzie (Verisk): Energy research and consultancy covering upstream commercial advisory, including contract economics and audit-related advisory for IOCs/NOCs. Larger, data-driven competitor.
• KPMG Energy Practice: Big Four audit and advisory practice with a substantial global energy-sector audit and contract compliance group. Competes with FJB on energy-audit mandates but as part of a much broader portfolio.

Emerging players

• Sproule (now part of EnergyNet): Independent energy consulting firm offering reserves evaluations and upstream advisory for smaller operators and investors; comparable boutique profile to FJB but serving smaller end of market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/fjb-consulting-inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FJB Consulting