Environmental & Social Information • Jun 17, 2019
Environmental & Social Information
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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.
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