Exxon’s cost audit delayed but necessary technical work being done- Jagdeo

not yet been finalised because of several procedural issues raised with the United Kingdom (UK) company that executed the audit, IHS Markit.

Jagdeo acknowledged this and clarified that the report was not being hidden from the public. He said it was with the technical staff of the GRA and the Ministry of Natural Resources.

He said, “It’s going slowly but it is getting the required attention at the technical level.

“It’s taking long but they are sticking doggedly to it… and we are not going to lose a cent from that.”

Recent reports on the preliminary audit report highlighted questionable cost claims made by the company but Jagdeo also explained that Guyanese authorities have requested additional information to validate those expenses.

About US$214 million have been identified as questionable claims but Jagdeo said of that amount, Guyana is waiting on additional documentation for about US$179 million.