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Premier Oil PLC - Report on Payments to Govts

RNS Number : 3911O
Premier Oil PLC
29 May 2020
 

PREMIER OIL PLC

("Premier" or the "Company")

Report on Payments to Governments for the year ended 31 December 2019

Premier today provides information in accordance with DTR 4.3A in respect of payments made by the Company to governments for the year ended 31 December 2019 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).

This information, together with the basis of preparation, can also be found on pages 176 and 177 of the 2019 Annual Report and Financial Statements which is available to download at: https://www.premieroil.com/investors/results-centre

Payments by Licence

Country

Licence/company level

Production entitlements

Production entitlements

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fees

Infrastructure improvement payments

Total



bbls (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

Falkland Islands

 

Sealion

                         -  

                         -  

                          -  

                   

  -  

              

      -  

              

    -  

               

 375

                              -  

 

375


 

Total Falkland Islands

                         -  

                         -  

                          -  

                   

  -  

              

      -  

              

    -  

               

 375

                              -  

                         375

 

Indonesia

 

Natuna Sea Block A

                  2,958

             162,005

                25,026

               

      -  

                  

  -  

              

    -  

              

     -  

                              -  

                 187,031


 

Total Indonesia

                  2,958

             162,005

                25,026

                    

 -  

                  

  -  

               

   -  

               

    -  

                              -  

                 187,031

 

Mexico

 

Block 11

                         -  

                         -  

                          -  

                 

    -  

                 

   -  

             

     -  

          

      826

                              -  

                         826


 

Block 13

                         -  

                         -  

                          -  

                 

    -  

             

       -  

               

   -  

           

     827

                              -  

                         827


 

Total Mexico

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

             1,653

                              -  

                      1,653

United Kingdom

 

Johnston

                         -  

                         -  

                          -  

               

      -  

                

    -  

        

          -  

                

242

                              -  

                         242


 

Huntington

                         -  

                         -  

                          -  

             

        -  

                

    -  

           

       -  

             

   246

                              -  

                         246


 

Brenda

                         -  

                         -  

                          -  

                  

   -  

             

       -  

            

      -  

           

     170

                              -  

                         170


 

Catcher

                         -  

                         -  

                          -  

                 

    -  

            

        -  

             

     -  

             

   781

                              -  

                         781


 

Tolmount

                         -  

                         -  

                          -  

                 

    -  

                

    -  

           

       -  

              

  830

                              -  

                         830


 

Corporate

                         -  

                         -  

                    (440)

                 

    -  

            

        -  

             

     -  

                 

  -  

                              -  

                       (440)


 

Total UK

                         -  

                         -  

                    (440)

                

     -  

             

       -  

                

  -  

        

    2,269

                              -  

                      1,829

 

Vietnam

 

Chim Sao

                      640

               37,972

                          -  

                  

   -  

              

      -  

              

 456

          

         -  

                              -  

                   38,428


 

Corporate

                         -  

                         -  

                53,363

         

  13,294

                     -  

                   -  

                    -  

                              -  

                   66,657


 

Total Vietnam

                      640

               37,972

                53,363

          

 13,294

                  

  -  

           

    456

                    -  

                              -  

                 105,085

 

Total Group


                  3,598

             199,977

                77,949

          

 13,294

                     -  

             

  456

            

4,297

                              -  

                 295,973

 

 

 

 

 

 

Payments by Government

Country

Government           

Production entitlements

Production entitlements

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fees

Infrastructure improvement payments

Total



bbls (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

Falkland Islands

Falkland Island Government - Department of Mineral Resources

                         -  

                         -  

                          -  

                    

 -  

              

      -  

               

   -  

                

375

                              -  

                         375


Total Falkland Islands

                         -  

                         -  

                          -  

                   

  -  

               

     -  

            

      -  

             

   375

                              -  

                         375

Indonesia

SKK Migas

                  2,958

             162,005

                          -  

                

     -  

              

      -  

         

         -  

                

   -  

                              -  

                 162,005


Directorate General of Taxes

                         -  

                         -  

                25,026

                

     -  

               

     -  

             

     -  

               

    -  

                              -  

                   25,026


Total Indonesia

                  2,958

             162,005

                25,026

                   

  -  

                

    -  

             

     -  

              

     -  

                              -  

                 187,031

Mexico

Fondo Mexicano del Petróleo para la Estabilización y el Desarrollo (FMP)

                         -  

                         -  

                          -  

                  

   -  

                

    -  

              

    -  

             

   661

                              -  

                         661


Servicio de Administración Tributaria (SAT)

                         -  

                         -  

                          -  

                 

    -  

                

    -  

              

    -  

              

  992

                              -  

                         992


Total Mexico

                         -  

                         -  

                          -  

                

     -  

                  

  -  

            

      -  

           

 1,653

                              -  

                      1,653

United Kingdom

HM Revenue & Customs

                         -  

                         -  

                    (440)

                 

    -  

                  

  -  

             

     -  

                 

  -  

                              -  

                       (440)


Oil and Gas Authority

                         -  

                         -  

                          -  

                  

   -  

                  

  -  

            

      -  

           

 2,269

                              -  

                      2,269


Total UK

                         -  

                         -  

                    (440)

                

     -  

                  

  -  

              

    -  

          

  2,269

                              -  

                      1,829

Vietnam

Petro Vietnam

                      640

               37,972

                          -  

                    

 -  

                

    -  

              

 456

              

     -  

                              -  

                   38,428


HCM Tax Department

                         -  

                         -  

                53,363

             

 9,463

                

    -  

              

    -  

          

         -  

                              -  

                   62,826


Vung Tau Customs office

                         -  

                         -  

                          -  

             

 3,831

                  

  -  

                 

 -  

                

   -  

                              -  

                      3,831


Total Vietnam

                      640

               37,972

                53,363

         

  13,294

                  

  -  

            

   456

              

     -  

                              -  

                 105,085

Total Group


                  3,598

             199,977

                77,949

           

13,294

               

     -  

           

    456

        

    4,297

                              -  

                 295,973

 

 

Enquiries:

Premier Oil plc                                                

Mike Karaiskos, Group Financial Controller      Tel: +44 (0)20 78241071
Elizabeth Brooks, Investor Relations                  Tel: +44 (0)20 7824 1116


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