Around US$100m in expenses claimed by ExxonMobil and partners have been classified as disputed in the audit of the massive US$7.3b amount for the period 2017 to 2020, well-placed sources say.
The final report for this audit, conducted by the Ramdihal, Haynes, Vitality Consulting, and Eclisar Financial & Professional (RHVE) consortium was handed over to government last month and the challenged amount works out to around 1.3% of the total – much less than the 12.8% in the first audit of the US$1.67b by UK auditing firm IHS Markit.
With ExxonMobil given time for its feedback on the findings, government now awaits advice from the Guyana Revenue Authority (GRA) on the way forward and to decide on when it will make the report public.
