Oil audit says EEPGL overpaid for drill ship – -claimed US$500,000 for seismic works with no supporting documents

The IHS Markit audit of oil expenditure by ExxonMobil’s subsidiary, Esso Exploration & Production Guyana Limited (EEPGL) has revealed that not only did it procure the services for the Transocean-owned Deepwater Champion drill ship way above costs for similar vessels available but that the company had submitted US$500,000 for seismic works prior to 2008 and had no supporting documents for it.

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