Uncategorized

Navigating Disputable Costs in Oil Recovery Audits: Guyana

Especially for auditors in Suriname, and those in charge that will have to do these audits.

This is a an excellent example of what to check very well.

Above all to define first in an official document very clear for yourself and IOC’s what items are is recoverable and above all what is definitely not.

Based on common industry practice. On recovery costs audits done by many others.

Before you get your Recoverable Costs bill with “ ghost costs “ presented.

Otherwise you may loose big amounts of money.

Many disputable and “ vague “ costs are often all tried to be dumped into Recoverable Costs.

Credit and reference: Site of Guyana Government.

https://petroleum.gov.gy/documents/ihs-markit-final-audit-report-stabroek-block-cost-recovery-audit-1999-2017

Marcel

Recent Posts

Transforming Suriname: The Economic Impact of Block 52

Suriname's offshore oil sector, particularly Block 52, is expected to significantly boost the nation's economy.…

3 days ago

Transformational Oil & Gas Potential of Petronas’ Block 52 in Suriname’s Golden Lane

Suriname's offshore Block 52 holds significant petroleum potential, positioning the nation for a transformative future.…

4 days ago

Dushi Kòrsou

De auteur beschrijft een diepgaande connectie met Curaçao, met nadruk op de natuurlijke schoonheid, rijke…

1 week ago

Geo-musings: Poetry & Geology in Motion On Curaçao

Geologists, explorers are all nomads, emigrants and…?Poets… Geo-Poetry "Tussen wal en schip" (Between Shore and…

1 week ago

Unlocking Offshore Gold: Suriname’s Oil Potential in 2025

Staatsolie, Suriname's national oil company, highlights offshore petroleum exploration opportunities in the Guyana Suriname Basin.…

1 week ago

Geological Exploration: A True Survival Story in the North Sea

In May 1990, a chief geologist sets out for the O18-1 well in the Dutch…

1 week ago