More than three months after the Guyana Revenue Authority (GRA) stated that the US$214.4 million in disputed ExxonMobil oil expenses, as identified by UK audit firm, IHS Markit, be accepted as the final figure, the oil company on Tuesday said that discussions were still being had on the way forward.
And while two audits are outstanding, Country Manager of ExxonMobil, Alistair Routledge, also announced that they have been told that a third, covering the period from 2020 to 2022 would be commencing soon.
The company’s position comes even as sources said that the US$214.4 million “figures won’t change” and that the company would have to make the necessary adjustments so that both Guyana and its Stabroek Block partners can collect their respective $107 million as the disputed figure has to be shared 50:50.
