{"id":21168,"date":"2022-03-10T22:35:47","date_gmt":"2022-03-11T03:35:47","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=21168"},"modified":"2022-03-10T17:48:44","modified_gmt":"2022-03-10T22:48:44","slug":"procurement-board-corrects-error-in-bid-for-cost-oil-auditing","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/procurement-board-corrects-error-in-bid-for-cost-oil-auditing\/","title":{"rendered":"Procurement board corrects error in bid for cost oil auditing"},"content":{"rendered":"

Guyana<\/p>\n

A data entry error resulted in the National Procurement and Tender Administration Board (NPTAB) listing only one of the three companies in a consortium that bid to audit Guyana\u2019s cost oil and the agency\u2019s website has since made a correction to reflect all the companies involved.<\/p>\n

Following concerns raised by a consortium of local accounting and auditing firms that NPTAB\u2019s files only showed only one firm listed as submitting the tender, an executive of the agency explained to Stabroek News that it was a minor glitch in the logging entry.<\/p>\n

When checked yesterday, NPTAB\u2019s website did indeed reflect the change in name from Eclisar to RHVE Consortium.<\/span><\/p>\n

This newspaper reported on Sunday that according to NPTAB, only one company \u2013 Eclisar \u2013 had submitted a tender to audit Guyana\u2019s cost oil. No sooner than the article was published, the consortium expressed concern saying that Eclisar was one of three companies in the RHVE consortium that had bid.<\/p>\n

\n

\u201cA consortium of firms submitted [a tender] but we see it reported and stated on the website of NPTAB as only one company,\u201d a representative of the consortium had told this newspaper.<\/p>\n

The consortium had originally consisted of the firms: Ram and McRae, Haynes and Ramdihal, Vitality Consulting, and Eclisar Financial & Professional Services (EFP).<\/p>\n

It is now only Ramdihal and Haynes, Vitality Consulting, and Eclisar Financial & Professional Services (EFP).<\/p>\n

\n
<\/div>\n<\/div>\n

Ram and McRae Managing Partner, Christopher Ram, told this newspaper yesterday that the firm is no longer a part of the consortium.<\/p>\n

When the tenders for the Ministry of Natural Resources project \u2013 consultancy services for cost recovery audit validation of the Government of Guyana\u2019s profit oil share \u2013 were opened last Tuesday, it was stated that only EFP had submitted a tender, according to NPTAB records.<\/p>\n

That bid was pegged at $340.7 million.<\/p>\n

The contract to audit the US$460 million pre-contract costs had been awarded to the United Kingdom firm IHS Markit and it had cost Guyana US$300,000.<\/p>\n

RHVE said that it responded to a request for proposals for the project and when it submitted its tender document the cover letter had all of the companies listed.<\/p>\n

On the matter of cost recovery auditing from 2017 to 2020, Minister of Natural Resources Vickram Bharrat, had stated during the 2022 Budget debate and in a written response that monies for this project had been appropriated this year to the tune of some US$250,000 ($52 million).<\/p>\n

\n
<\/div>\n<\/div>\n

In November last year, Vice President Bharrat Jagdeo had announced that ExxonMobil\u2019s post-2017 expenditure for the Liza-1 and Liza-2 wells would not be audited as government was not able to select a strong local group to undertake it. This statement was at odds with the fact that the government had advertised last year for foreign firms.<\/p>\n

The comments resulted in a string of criticisms from the public with many emphasising the need for the sums to be professionally scrutinised. It was compounded by the fact that it was over one year since the audit of the US$460 million. That report is yet to be seen.<\/p>\n

Noted too was that the statutory two-year period for the 2017-2019 auditing had expired and there was a concern that the company might object to its books being audited after the contracted time had elapsed.<\/p>\n

But government has stressed that the auditing of the over US$9 billion sum can still be undertaken and as such there is no need to request an extension from ExxonMobil. Former APNU+AFC minister, David Patterson, had questioned if the Ministry of Natural Resources or any other agency with oversight of the oil & gas sector had approached ExxonMobil for an extension of the deadline for auditing the expenses.<\/p>\n

\n

The Minister of Natural Resources had offered assurances. \u201cWe have a commitment from Exxon. There is no such [objection], they are not against us doing it [later].\u201d<\/p>\n

ExxonMobil has told this newspaper that it is confident of its bookkeeping matters and transparency of the company. It added that it has never shied away from audit requests and that it submits periodic reports on its spending to a number of government agencies here.<\/p>\n

\u201cExxonMobil Guyana considers audits a normal part of our operations and cooperates with the government so it can fulfill its obligations. We are fully transparent with the Government on our budgets and cost banks for each block and have implemented extensive cost controls across our business in line with our contracts and the laws of the country,\u201d ExxonMobil spokesperson Janelle Persaud had said in response to questions from Stabroek News.<\/p>\n<\/div>\n

more\u00a0<\/a><\/p>\n<\/div>\n

image: pexels-aleks<\/em><\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Guyana A data entry error resulted in the National Procurement and Tender Administration Board (NPTAB) listing only one of the three companies in a consortium that bid to audit Guyana\u2019s…<\/p>\n","protected":false},"author":1091,"featured_media":21179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[250],"tags":[244,116,71],"class_list":["post-21168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-articles","tag-electricity-energy","tag-guyana","tag-procurement"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/03\/pexels-aleks-marinkovic-5213545.jpg?fit=1024%2C674&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-5vq","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":21389,"url":"https:\/\/projectcalls.com\/dev\/procurement-board-corrects-error-in-bid-for-cost-oil-auditing-2\/","url_meta":{"origin":21168,"position":0},"title":"Procurement board corrects error in bid for cost oil auditing","author":"Mayra Bonilla Lopez","date":"March 24, 2022","format":false,"excerpt":"Guyana \u00a0 A data entry error resulted in the National Procurement and Tender Administration Board (NPTAB) listing only one of the three companies in a consortium that bid to audit Guyana\u2019s cost oil and the agency\u2019s website has since made a correction to reflect all the companies involved. Following concerns\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/03\/pexels-vie-studio-4439425-scaled-e1648207646509.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/03\/pexels-vie-studio-4439425-scaled-e1648207646509.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/03\/pexels-vie-studio-4439425-scaled-e1648207646509.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/03\/pexels-vie-studio-4439425-scaled-e1648207646509.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":24785,"url":"https:\/\/projectcalls.com\/dev\/nptab-defends-bids-for-wales-gas-plant\/","url_meta":{"origin":21168,"position":1},"title":"NPTAB defends bids for Wales gas plant","author":"Mayra Bonilla Lopez","date":"October 27, 2022","format":false,"excerpt":"Guyana The National Procurement and Tender Administration Board (NPTAB) has taken umbrage at criticisms of its prequalification of companies for the construction of the Wales natural gas plant, with officials saying that simply checking the board\u2019s website and those of companies that bid would clear up any doubts. \u201cYou have\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-kelly-4394362-scaled-e1666942716326.jpg?fit=1024%2C575&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-kelly-4394362-scaled-e1666942716326.jpg?fit=1024%2C575&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-kelly-4394362-scaled-e1666942716326.jpg?fit=1024%2C575&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-kelly-4394362-scaled-e1666942716326.jpg?fit=1024%2C575&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19887,"url":"https:\/\/projectcalls.com\/dev\/questions-mount-on-govts-failure-to-have-us9b-in-exxons-expenses-audited\/","url_meta":{"origin":21168,"position":2},"title":"Questions mount on govt\u2019s failure to have US$9b in Exxon\u2019s expenses audited","author":"Mayra Bonilla Lopez","date":"December 16, 2021","format":false,"excerpt":"Guyana As questions mount on the government\u2019s failure to have US$9b in Exxon-Mobil\u2019s expenses audited, it has been disclosed that the Ministry of Natural Resources had been responsible for the evaluating of the financials of companies that had bid for the contract but it apparently abandoned the process without advising\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/12\/audit-g8faaf0f23_1280-e1644524531624.jpg?fit=1025%2C678&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/12\/audit-g8faaf0f23_1280-e1644524531624.jpg?fit=1025%2C678&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/12\/audit-g8faaf0f23_1280-e1644524531624.jpg?fit=1025%2C678&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/12\/audit-g8faaf0f23_1280-e1644524531624.jpg?fit=1025%2C678&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21393,"url":"https:\/\/projectcalls.com\/dev\/one-bid-received-for-exxon-cost-recovery-audit-validation\/","url_meta":{"origin":21168,"position":3},"title":"One bid received for Exxon cost recovery audit validation","author":"Mayra Bonilla Lopez","date":"March 24, 2022","format":false,"excerpt":"Guyana Only one company has submitted a bid for consultancy services for cost recovery audit validation of the Government of Guyana\u2019s profit oil share and it has tendered at over $340 million for the project. 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