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FIRST AUDIT REPORT ON EXXON’S SPENDING FROM 2018 T0 2020 EXPECTED BY YEAR END

Since May, three local companies, formed into a consortium, have been conducting a cost recovery audit of US$9 billion, representing three years of activities (2018 – 2020) by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Ltd in the Stabroek Block, Liza Phase 1 project. The consortium is Professor and Accountant Floyd Haynes; other representatives include officials from Vitality Consulting and Eclisar Financial and Professional Services. Though it was expected that the reports would be completed by September, President Dr. Irfaan Ali on Friday said that the first report should be made available before the end of December.

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