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Report on Payments to Governments 2018

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RNS Number : 4746C
Tullow Oil PLC
17 June 2019
 

Tullow Oil plc

Report on payments to governments for the year 2018

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2018 in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules. Further details, including the basis of preparation, can be found on pages 171 to 177 of the Company's Annual Report and Accounts.

This report is available for download from http://www.tullowoil.com/investors/regulatory-news.

Disclosure by licence and country

 

           Production          
            Entitlement

Production

Entitlements*

Income Taxes

Royalties

(Cash only)


Dividends

  Bonus      Payments

 Licence Fees

Infrastructure Improvements

 

 BBL000

        $000

$000

$000


$000

$000

$000

$000

CI-26 Espoir

-

3,514

-

-


-

-

-

-

CI-520

-

-

-

-


-

-

375

-

CI-521

-

-

-

-


-

-

375

-

CI-522

-

-

-

-


-

-

375

-

CI-524

-

-

-

-


-

-

1000

-

Total Cote d'Ivoire

-

3,514

-

-


-

-

2,125

-

Ceiba

137

9,385

-

-


-

-

-

-

Okume Complex

351

24,043

-

-


-

-

-

-

Tullow Equatorial Guinea Ltd.

-

-

12,976

-


-

-

-

-

Total Equatorial Guinea

488

33,428

12,976

-


-

-

-

-

Echira

-

-

-

2,963


-

-

-

-

Ezanga

-

-

-

2,770


-

-

-

-

Ingongo

-

-

-

    26


-

-

-

-

Limande

-

-

-

4,719


-

-

-

-

M'Oba

-

-

-

109


-

-

-

-

Niungo

-

-

-

4,715


-

-

-

-

Tchatamba Marin

-

-

-

10,807


-

-

-

-

Turnix

-

-

-

2,459


-

-

-

-

Oba

-

-

-

1,631


-

-

-

-

Tullow Oil Gabon SA

-

-

7,186

-


-

7,000

-

-

Tulipe Oil SA

-

-

  754

-


-

1,000

-

-

Total Gabon

-

-

7,940

30,199


-

8,000

-

-

Deep Water Tano

-

-

-

-


-

-

8

-

Jubilee Field Unit area

550

37,675

-

-


-

-

6

-

TEN Development area

555

38,040

-

-


-

-

45

-

Tullow Ghana Ltd.

-

-

52,000

-


-

-

-

2,175

Total Ghana

1,105

75,715

52,000

-


-

-

59

2,175

PSC B (Chinguetti EEA)

-

-

-

-


-

-

35

-

Block C-3

-

-

-

-


-

-

22

-

Total Mauritania

-

-

-

-


-

-

57

-

Block 10BA

-

-

-

-


-

-

231

-

Block 10BB

-

-

-

-


-

-

93

-

Block 12B

-

-

-

-


-

-

93

-

Block 13T

-

-

-

-


-

-

19

-

Tullow Kenya B.V.

-

-

1

-


-

-

-

51

Total Kenya

-

-

1

-


-

-

436

51

Tullow Mozambique Ltd.

-

-

1

-


-

-

-

-

Total Mozambique

-

-

1

-


-

-

-

-

PEL 37

-

-

-

-


-

-

175

-

Total Namibia

-

-

-

-


-

-

175

-

PEL 28

-

-

-

-


-

-

71

-

Total Zambia

-

-

-

-



-

71

-

 

 

Production entitlements

Production entitlements*

Income
taxes

Royalties

(cash only)

Dividends

Bonus payments

Licence
fees

Infrastructure improvement

 

BBL 000

$000

$000

$000

$000

$000

$000

$000










Tullow Uganda Ltd.

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Orinduik

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

Walton Morant

-

-

-

-

-

-

128

-

Total Jamaica

-

-

-

-

-

-

128

-

Kohat

-

-

-

-

-

-

-

2

Kohlu

-

-

-

-

-

-

4

9

Tullow Pakistan Developments Ltd.

-

-

1,103

-

-

-

-

-

Total Pakistan

-

-

1,103

-

-

-

4

11

Boulton B&F

-

-

-

-

-

-

61

-

Murdoch

-

-

-

-

-

-

197

-

Ketch

-

-

-

-

-

-

138

-

Schooner

-

-

-

-

-

-

151

-

Munro (44/17B)

-

-

-

-

-

-

90

-

Kelvin

-

-

-

-

-

-

123

-

Katy

-

-

-

-

-

-

22

-

CMS

-

-

-

-

-

-

5

-

P037

-

-

-

-

-

-

5

-

P039

-

-

-

-

-

-

103

-

P852

-

-

-

-

-

-

326

-

Total UK

-

-

-

-

-

-

1,221

-

Tullow Norway

-

-

(1,364)

-

-

-

-

-

Total Norway

-

-

(1,364)

-

-

-

-

-

Tullow Netherlands Holdings Co-op

-

-

5,485

-

-

-

-

-

Total Netherlands

-

-

5,485

-

-

-

-

-

 

 









 










 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2018 average realised oil price of $68.5/bbl. Production entitlements disclosed for Ghana excludes 4,467,372 bbls and 3,067,887 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.

Disclosure by government


 

 

 

 

Production
Entitlements

 

 

 

 

Production entitlements*

 

 

 

 

Income taxes

 

 

 

 

Royalties (cash only)

 

 

 

 

Dividends

 

 

 

 

Bonus payments

 

 

 

 

Licence fees

 

 

 

 

Infrastructure improvement

 


bbls'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

 










 

The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources

-

3,514

-

-

-

-

2,125

-

 

Total Côte d'Ivoire

-

3,514

-

-

-

-

2,125

-

 

Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy

488

33,428

-

-

-

-

-

-

 

Republica de Guinea Ecuatorial, Ministeria de Hacienda y Presupuestas

-

-

12,976

-

-

-

-

-

 

Total Equatorial Guinea

488

33,428

12,976

-

-

-

-

-

 

DGE (General management of taxes)

-

-

7,940

-

-

-

-

-

 

Gabonese Public Treasury - Ministry of Finance

-

-

-

30,199

-

8,000

-

-

 

Total Gabon

-

-

7,940

30,199

-

8,000

-

-

 

Ghana National Petroleum Corporation

1,105

75,715

-

-

-

-

-

-

 

Ghana Revenue Authority

-

-

52,000

-

-

-

59

2,175

 

Total Ghana

1,105

75,715

52,000

-

-

-

59

2,175

 

Hydrocarbon Fund, République Islamique de Mauritanie

-

-

-

-

-

-

22

-

 











bbls'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

Ministry of Energy and Peteroleum 

-

-

-

-

-

-

35

-

Total Mauritania

-

-

-

-

-

-

57

-

Kenya Revenue Authority

-

-

1

-

-

-

-

51

Ministry of Energy and Petroleum

-

-

-

-

-

-

436

-

Total Kenya

-

-

1

-

-

-

436

51

AC Advisory & Consulting (Non Governmental)

-

-

1

-

-

-

-

-

Total Mozambique

-

-

1

-

-

-

-

-

Ministerial Deposit Account

-

-

-

-

-

-

175

-

Total Namibia

-

-

-

-

-

-

175

-

Zambian Ministry of Mines and Mineral Development

-

-

-

-

-

-

71

-

Total Zambia

-

-

-

-

-

-

71

-

Ministry of Energy and Minerals Development

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Guyana Geology and Mines Commission (GGMC)

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

Petroleum Corporation of Jamaica

-

-

-

-

-

-

128

-

Total Jamaica

-

-

-

-

-

-

128

-

Belastingdienst

-

-

5,485

-

-

-

-

-

Total Netherlands

-

-

5,485

-

-

-

-

-

Norwegian Tax Administration.

-

-

(1,364)

-

-

-

-

-

Total Norway

-

-

(1,364)

-

-

-

-

-

Directorate General Petroleum Concessions account (DGPC)

-

-

1,103

-

-

-

-

-

Joint account of District Government

-

-

-

-

-

-

-

11

Federal Board of Revenue

-

-

-

-

-

-

4

-

Total Pakistan

-

-

1,103

-

-

-

4

11

Department of Business, Energy & Industrial Stratergy

-

-

-

-

-

-

11

-

Oil and Gas Authority

-

-

-

-

-

-

1,210

-

Total UK

-

-

-

-

-

-

1,221

-

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2018 average realised oil price of $68.5/bbl. Production entitlements disclosed for Ghana excludes 4,467,372 bbls and 3,067,887 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.

 


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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