Latest update December 19th, 2025 12:30 AM
ExxonMobil tightlipped on cost of new Ogle headquarters
…moves in but refuses to share figure spent to date
(Kaieteur News) – ExxonMobil Guyana Limited (EMGL) has shifted its operations to the company’s spanking new headquarters, a multiple story, double building at Ogle, East Coast Demerara.
The structure was completed several months ago, as employees were officially moved since February of this year, Kaieteur News was told, from the company’s previous Duke Street, Kingston, Georgetown office. With the construction works completed and operations currently in full swing, this newspaper recently asked the company to disclose the sum spent on the facility to date.
ExxonMobil Headquarters, located at Ogle, East Coast Demerara
As it did with four others questions submitted by this newspaper, the company provided an empty response to the direct question. Exxon said, “We are in the process of finalising the spend as we closeout the project, but the final number will not be available until early next year. However, we expect that the final cost will be consistent with what we budgeted and communicated to the government.”
The project was initially pegged at US$160 million. Since the company said it could not disclose the final price tag of the facility, this newspaper invited it to say how much was spent to date.
During its first press conference at the new Ogle HQ, president of EMGL told reporters, “The Ogle office is fully operational. We’ve actually moved in some 560 people…not only ExxonMobil people, but some [of our] contractors, particularly SBM, there’s around at 150 SBM employees who are based, working here in our office.”
With regard to the final price of the facility, he explained that the company could take “several months” to determine that figure.
“It would probably take several months to reach that point, as in any major project. There’s always contractual questions, and matters that have to be worked through in order to align the final numbers between the contractor and our subcontracts, and ourselves, as the client,” he explained.
Notably, the cost of the new HQ will recover out of cost oil, meaning Guyana will foot the expenses.
A contract was awarded to NABI/KCL Oilfield Construction Services Guyana in 2019 for the construction of the HQ at Ogle, which sits on a 15-acre plot. According to a Request for Information issued by ExxonMobil Guyana, the scope of works include construction of two buildings; an outdoor pavilion; paving; landscaping; fill and storm drainage; site utilities; plumbing utilities; and electrical works.
During a media tour of the facility on October 13, 2025, Exxon showed off selected parts of the building and prohibited journalists from capturing certain sections of the facility, like its new command center that is used to monitor the oil and gas operations in the Stabroek Block.
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