Advisor - Energy & Utility
Owen Arasomwam has vast expertise in petroleum accounting, tax and finance having worked for close over a decade and as a chartered accountant and tax advisor for many global firms. He trained with Deloitte both as an auditor and consultant. During his time in Deloitte, he serviced many multinational organizations providing top notch assurance, systems documentation, controls mapping and review and business advisory services.
In the energy industry, he worked in Addax Petroleum (now known as Sinopec) as Budget and Tax controller responsible for tax compliance, crude allocation calculation, NNPC and internal budget. He later joined Statoil, the Norwegian energy giant. While in Statoil Nigeria he was responsible for restructuring the commercial department. He was later at the forefront of tax arbitration involving over $1 billion disputed claims between the international oil companies and NNPC and FIRS. He was an active member of different sub-committees of the OPTS including Tax, Terminal operations and legal. He is an expert in tax planning and advisory, petroleum and energy taxation, transfer pricing, etc.
A Chartered Accountant with over 14 years of professional experience; Owen is a graduate of Finance (B.Sc. M.Sc.) from the University of Lagos where he graduated as the best graduating student in the Faculty in both instances. He has attended various trainings in and outside Nigeria. He is currently a sought after trainer for many training schools within and outside the country.