As the opposition awaits formal answers through Parliament on the funding of ExxonMobil’s local headquarters at Ogle, East Coast Demerara, the company’s Country Manager Alistair Routledge yesterday said that the approximately US$160 million project will be recovered from cost oil.
“It will be the operating centre for the offshore operations… it’s there solely in order to support the operation. So the costs will be recovered. And the cost recovery mechanism, that’s been clear all the way along with the previous administration and with the current administration, as we set up the project,” Routledge yesterday told a press conference the company held at its Kingston, Georgetown office.
Assuring that the $33 billion building would not be a palatial office, Rout-ledge said that spending is prudently being monitored to provide a fit-for-purpose and functional space. He informed that the company provides government with monthly updates, on the progress of works.