United Kingdom-headquartered Information Handling Services (IHS) Markit has been hired by government to undertake the auditing of ExxonMobil’s pre-contract charges and last week began working alongside the Guyana Revenue Authority (GRA).
The work programme is expected to last four months and will cost US$300,000 but government has not decided if the findings will be made public.
“The contract for the firm to complete the cost recovery audit for the historical costs of US$460 million was signed. The contract was awarded to IHS Markit and the company has commenced its work with an in-country visit on December 9 – 11, 2019,” Director of the Department of Energy (DE) Dr Mark Bynoe announced at a news conference on Monday.
