-still no resolution oner IHS
The contract for a third cost-oil audit is expected to be signed next month, as government awaits responses from ExxonMobil on whether the disputed US$214 million in the IHS Markit audit will go to arbitration and answers on the findings of the US$7.3 billion RHVE audit.
“With regard to the third audit, we are on course to sign that in a month, in September. Again, we’re looking at the same model [as the audit done by the RHVE consortium] where we can have the local consortium partner with an international company or companies so that we can build capacity,” Minister of Natural Resources told a mid-year press conference held on Wednesday.
In mid-February of this year, the Government of Guyana advertised for a third audit, covering the period 2021 to 2023.