ExxonMobil included costs for some aspects of works for the gas-to-power pipeline in the US$7.2 billion it claimed for the 2018-2020 period, actions, auditors highlighted, that are not catered for under the Production Sharing Agreement (PSA) the US oil major and partners has with this country.
“We allowed the study costs for the gas-to-power pipeline but believe the NGL [natural gas liquids] plant costs are midstream costs outside of Stabroek Petroleum Operations,” the audit conducted by the RHVE Consortium stated.
The auditors said that the Government of Guyana may allow these costs under another agreement, but “they are not recoverable” under the PSA.
