News

The Ministry of Natural Resources, on Tuesday, signed a contract with a consortium of Guyanese auditors to the tune of some US$751,000 to conduct a cost recovery audit of ExxonMobil’s post-2017 (2018-2020) expenses.

Eclisar Financial and Professional Services, which was the only local bidder among five companies to express interest last year to provide consulting services for cost recovery audit and validation of the Government’s profit oil share is now the lone firm in running for the job.

When the tender for a company to audit ExxonMobil’s post-2017 cost oil claims was scrapped, the Government had called on local auditors to form a consortium to participate in the audit. And local auditors have heeded that call.

BOKS International is proud to announce that Eclisar Financial and Professional Services is the latest firm to join the alliance. Established in 2012, Eclisar provides accounting, forensic and financial services and advisory to domestic and foreign clients and businesses.

International firms have dominated bids to audit oil giant ExxonMobil’s cost oil claims for oil production in Guyana. This was evident when the tender documents were opened last week at the National Procurement and Tender Administration Board (NPTAB) in the Ministry of Finance.