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Petrofac Limited

Report on Payments to Governments

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RNS Number : 8116D
Petrofac Limited
28 June 2019
 

Press Release

28 June 2019

Petrofac Limited

(the Company)

 

Reports on Payments to Governments for the year ended 31 December 2018.

Petrofac today provides information in accordance with DTR 4.3A of the Financial Conduct Authority's Disclosure Rules and Transparency Rules in respect of payments made by the Company to governments for the year ended 31 December 2018 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).

The following schedules detail the payments made by, or to, Petrofac Limited and its subsidiary undertakings to, or from, the governments of Malaysia, Mexico, Thailand and Tunisia in relation to operating oil and gas fields to which the business had an interest during the reporting period:

Year ended 31 December 2018

 

Malaysia

 









 

Project Report











Taxes


Royalties2


Fees


Total





Volume

Value







US$'0001


 '000 bbls

US$'0001


US$'0001


US$'0001












PM304

-


144

10,757


520


11,277


2018 Total

-


144

10,757


520


11,277












 

Government Report











Taxes


Royalties2



Fees


Total





Volume           Value







US$'0001


'000 bbls

US$'0001


US$'0001


US$'0001












PETRONAS

-


144

10,757


520


11,277


2018 Total

-


144

10,757


520


11,277
































 



 

 

Mexico

 










 

Project Report











Taxes


Royalties


Fees


Total





Volume

Value







US$'000


 '000 bbls

US$'000


US$'000


US$'000












Petrofac Mexico

-


312

15,557


-


15,557


2018 Total

-


312

15,557


-


15,557












 

Government Report











Taxes


Royalties


Fees


Total





Volume

Value







US$'000


'000 bbls

US$'000


US$'000


US$'000












National Hydrocarbons Commission

-


312

15,557


-


15,557


2018 Total

-


312

15,557


-


15,557












 

 

 

Thailand

 










 

Project Report











Taxes3


Royalties


Fees


Total





Volume

Value







US$'0001


 '000 bbls

US$'000


US$'000


US$'0001












Jasmine

844


-

-


-


844


2018 Total

844


-

-


-


844












 

Government Report











Taxes3


Royalties


Fees


Total





Volume

Value







US$'0001


'000 bbls

US$'000


US$'000


US$'0001












The Revenue Department of Thailand

844


-

-


-


844


2018 Total

844


-

-


-


844












 

 

 

 

 

Tunisia

 










 

Project Report











Taxes


Royalties


Fees


Total





Volume

Value







US$'0001


'000 bbls

US$'0001


US$'000


US$'0001












Chergui

2,528


-

274


-


2,802


2018 Total

             2,528


-

274


-


2,802












 

Government Report











Taxes


Royalties


Fees


Total Payments





Volume

Value







US$'0001


'000 bbls

US$'000


US$'000


US$'0001












Direction des Grandes Entreprises

2,528


-

274


-


2,802


2018 Total

2,528


-

274


-


2,802












 

 

 

Notes:

 

1.   Payments made or received in local currencies are translated at the average exchange rate for the year.

2.   Certain royalty payments are made in kind, the value of which is calculated with reference to market rates at the time of the payment.

3.   Taxes withheld from income earned by the Petrofac Group have been included within the amounts listed as "Taxes" in the tables shown above, despite the fact that the amounts withheld were not directly paid to the government by the Petrofac Group.  This approach represents a more complete view of the taxes borne by Petrofac in Thailand. 

4.   In line with the UK Regulations, where a payment or a series or related payments have not exceeded £86,000, they have not been disclosed.

5.   No other businesses within the Petrofac Group are impacted by this legislation and its reporting requirements.



 

For further information contact:

 

Petrofac Limited      

+44 (0) 207 811 4900

 

Jonathan Low, Head of Investor Relations

[email protected]

 

Aaron Clark, Investor Relations & Communications Manager

[email protected]

 

Alison Flynn, Group Head of Communications

[email protected] 

+44 (0) 207 811 4913

 

 

Tulchan Communications Group

+44 (0) 207 353 4200

[email protected]

 

Martin Robinson

 

LEI 2138004624W8CKCSJ177

 

NOTES TO EDITORS

Petrofac

 

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

 

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.

 

With around 11,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

 

For additional information, please refer to the Petrofac website at www.petrofac.com.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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