Short auditing timeline leaves Guyana accepting Liza 1 & 2 costs

Due to the accounting provisions in the 2016 Stabroek Block agreement, Guyana only has a two-year window to audit all costs expended by ExxonMobil and its partners, Hess Corporation and CNOOC Petroleum Guyana, in a fiscal year. If that timeframe runs out, the country has to accept as correct, all costs incurred for the said year.