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