Govt Disputes over US$279M in Stabroek Block Oil Expenses Across 3 Audits

Govt disputes over US$279M in Stabroek block oil expenses across 3 audits

The Natural Resources Ministry has provided a detailed update on the status of three cost recovery audits related to oil operations in the Stabroek Block, signalling continued scrutiny of expenses declared by ExxonMobil and its co-venturers, Hess and CNOOC. In a statement, the ministry said that the audits, which were commissioned by the Government of Guyana, are part of the cost recovery verification mechanism outlined in the Petroleum Agreemen…

1st and 2nd Stabroek Block audits flag disputed costs; 3rd audit submitted for review - INews Guyana

See full statement from the Ministry of Natural Resources:  The Ministry of Natural Resources wishes to provide the public with an update on the status of three audits of Stabroek Block expenses. These audits were contracted by the Government of Guyana as part of its cost recovery verification process, which is provided for under the […] The post 1st and 2nd Stabroek Block audits flag disputed costs; 3rd audit submitted for review appeared first…