Minister of Natural Resources, Vickram Bharrat says that a preliminary report on the US$7.3b audit of cost oil claims submitted by ExxonMobil’s subsidiary, EEPGL has been completed and the final document will be ready by March.
“I would like to say that an initial update was submitted by the consortium and we are awaiting the second report which should be submitted in another two months from today,” Bharrat on Tuesday told the Committee of Supply as his agency’s budget expenditures were being reviewed and in response to questions by Opposition MP David Patterson.
More than three years after oil production started here, the public is yet to see a report on these expense claims or the even older pre-contract costs. The expense claims have a direct bearing on the profit oil available to Guyana.
