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THE last report for the much anticipated cost recovery audit of the 2018 to 2020 expenses of ExxonMobil Guyana’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected by March, 2023.
Speaking during Day 2 of the Consideration of the Estimates for Budget 2023 today, Natural Resources Minister Vickram Bharrat clarified a public misconception on the due date for the audit.
“It said 120 working days. And there’s a misconception that it would be 120 running days or consecutive calendar days.
“But it’s 120 working days, so the last report is due in March of 2023,” Minister Bharrat explained as he responded to questions from Opposition Member of Parliament, David Patterson.
The audit process will provide a detailed look at the expenses that has claimed and recovered against revenues generated in the oil and gas sector. A preliminary report was submitted to the government in December.
