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Guyana’s Oil Costs Skyrocket | Guyana News
ExxonMobil’s Guyana operations hit a staggering $82 billion in 2025 costs—mostly from launching the new ‘One Guyana’ FPSO—yet Guyana’s revenue from oil profits and royalties actually dipped, even as Exxon’s expenses soared by $20 billion. Under the cost recovery model, Exxon takes 75% of oil output to cover costs, leaving only 25% for Guyana’s share. Despite three government audits since 1999 uncovering questionable expenses totaling millions, none have been finalized or made public, with the latest audit’s findings still pending as talks continue over disputed bills. Listen in comfort:Get a…
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