By Celestine Chacon | February 14, 2025
ExxonMobil’s Country Manager, Alistair Routledge, has confirmed that discussions regarding the US$214.4 million flagged in the 2017 IHS Markit cost oil audit remain ongoing.
The company has been granted an extension by the Guyana Revenue Authority (GRA) to provide additional information as part of the review process.
Speaking at a recent press conference, Routledge indicated that ExxonMobil is compiling the necessary documentation to address the concerns raised in the audit.
He emphasized that the company is committed to meeting all required deadlines and ensuring compliance with the review process.
The Guyana Government has previously announced its intention to pursue arbitration to resolve the disputed expenses, which cover costs incurred between 1999 and 2017.
Officials have maintained that the objective is to ensure financial accountability and transparency in the oil and gas sector.
ExxonMobil has reiterated its commitment to transparency in financial reporting and continues to engage with the relevant authorities to finalize the audit review.