Environmental & Social Information • Jun 30, 2020
Environmental & Social Information
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National Storage Mechanism | Additional information
RNS Number : 2992R
Tullow Oil PLC
30 June 2020
Tullow Oil plc
Report on payments to governments for the year 2019
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2019 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 145 to 151 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 | - | 3,275 | - | - | - | - | - | - | |
| Total Cote d'Ivoire | - | 3,275 | - | - | - | - | - | - | |
| Ceiba | 125 | 7,529 | - | - | - | - | - | - | |
| Okume Complex | 301 | 18,111 | - | - | - | - | - | - | |
| Tullow Equatorial Guinea Ltd. | - | - | 39,970 | - | - | - | - | - | |
| Total Equatorial Guinea | 426 | 25,640 | 39,970 | - | - | - | - | - | |
| Echira | - | - | - | 2,887 | - | - | - | - | |
| Ezanga | - | - | - | 4,979 | - | - | - | - | |
| Simba | - | - | - | 11,978 | - | - | - | - | |
| Limande | - | - | - | 2,477 | - | - | - | - | |
| M'Oba | - | - | - | 263 | - | - | - | - | |
| Niungo | - | - | - | 3,981 | - | - | - | - | |
| Tchatamba Marin | - | - | - | 10,404 | - | - | - | - | |
| Turnix | - | - | - | 1,526 | - | - | - | - | |
| Oba | - | - | - | 1,384 | - | - | - | - | |
| Ruche | - | - | - | 1,472 | - | - | - | - | |
| Tullow Oil Gabon SA | - | - | 50,538 | - | - | - | - | - | |
| Total Gabon | - | - | 50,538 | 41,351 | - | - | - | - | |
| Deep Water Tano | - | - | - | - | - | - | - | - | |
| Jubilee Field Unit area | 614 | 37,984 | - | - | - | - | - | 372 | |
| TEN Development area | 526 | 31,692 | - | - | - | - | - | 17 | |
| Tullow Ghana Ltd. | - | - | 75,000 | - | - | - | 78 | 1,203 | |
| Total Ghana | 1,141 | 68,677 | 75,000 | - | - | - | 78 | 1,592 | |
| PSC B (Chinguetti EEA) | - | - | - | - | - | - | 35 | - | |
| Block C-3 | - | - | - | - | - | - | 22 | - | |
| Total Mauritania | - | - | - | - | - | - | 57 | - | |
| Block 10BA | - | - | - | - | - | - | 347 | - | |
| Block 10BB | - | - | - | - | - | - | 93 | - | |
| Block 13T | - | - | - | - | - | - | 19 | - | |
| Total Kenya | - | - | - | - | - | - | 459 | - | |
| PEL 37 | - | - | 2 | - | - | - | - | - | |
| Total Zambia | - | - | 2 | - | - | - | - | - | |
| PEL 37 | - | - | - | - | - | - | 151 | - | |
| Total Namibia | - | - | - | - | - | - | 151 | - | |
| Block MLO 114 | - | - | - | - | - | - | 6 | - | |
| Block MLO 119 | - | - | - | - | - | - | 5 | - | |
| Block MLO 122 | - | - | - | - | - | - | 4 | - | |
| Total Argentina | - | - | - | - | - | - | 15 | - |
| 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 | - | |||||
| Kelvin | - | - | - | - | - | - | 2 | - | |||||
| Katy | - | - | - | - | - | - | (1) | - | |||||
| CMS | - | - | - | - | - | - | 1 | - | |||||
| P060 | - | - | - | - | - | - | 22 | - | |||||
| P039 | - | - | - | - | - | - | 54 | - | |||||
| P852 | - | - | - | - | - | - | 91 | - | |||||
| TOSL | - | - | 25,705 | - | - | - | - | - | |||||
| TOSK | - | - | 24,257 | - | - | - | - | - | |||||
| Total UK | - | - | 49,962 | - | - | - | 169 | - | |||||
| Tullow Norway | - | - | (38,414) | - | - | - | - | - | |||||
| Total Norway | - | - | (38,414) | - | - | - | - | - | |||||
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 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 | |||||||||
| Ministry of Energy & Mining | - | - | - | - | - | - | 15 | - | ||||||||
| Total Argentina | - | - | - | - | - | - | 15 | - | ||||||||
| The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources | - | 3,275 | - | - | - | - | - | - | ||||||||
| Total Côte d'Ivoire | - | 3,275 | - | - | - | - | - | - | ||||||||
| Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy | - | 18,511 | - | - | - | - | - | - | ||||||||
| Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts | - | - | 39,570 | - | - | - | - | - | ||||||||
| Total Equatorial Guinea | - | 18,511 | 39,570 | - | - | - | - | - | ||||||||
| DGE (General management of taxes) | - | - | 50,538 | - | - | - | - | - | ||||||||
| Gabonese Public Treasury - Ministry of Finance | - | - | - | 41,352 | - | - | - | - | ||||||||
| Total Gabon | - | - | 50,538 | 41,352 | - | - | - | - | ||||||||
| Ghana National Petroleum Corporation | 1,141 | 68,677 | - | - | - | - | - | - | ||||||||
| Ghana Revenue Authority | - | - | 75,000 | - | - | - | 78 | 1,592 | ||||||||
| Total Ghana | 1,141 | 68,677 | 75,000 | - | - | - | 78 | 1,592 | ||||||||
| Hydrocarbon Fund, République Islamique de Mauritanie | - | - | - | - | - | - | 35 | - | ||||||||
| bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | |||||||||
| Mauritanian Finance Ministry & Direction of Environmental Commission | - | - | - | - | - | - | 22 | - | ||||||||
| Total Mauritania | - | - | - | - | - | - | 57 | - | ||||||||
| Ministry of Energy and Petroleum | - | - | - | - | - | - | - | 459 | ||||||||
| Total Kenya | - | - | - | - | - | - | - | 459 | ||||||||
| Ministry of Mines and Energy | - | - | - | - | - | - | 151 | - | ||||||||
| Total Namibia | - | - | - | - | - | - | 151 | - | ||||||||
| Zambia Revenue Authority | - | - | 2 | - | - | - | - | - | ||||||||
| Total Zambia | - | - | 2 | - | - | - | - | - | ||||||||
| 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 | - | - | - | - | - | - | - | - | ||||||||
| Total Netherlands | - | - | - | - | - | - | - | - | ||||||||
| Norwegian Tax Administration. | - | - | (38,414) | - | - | - | - | - | ||||||||
| Total Norway | - | - | (38,414) | - | - | - | - | - | ||||||||
| Department of Business, Energy & Industrial Strategy | - | - | - | - | - | - | 169 | - | ||||||||
| Her Majesties Revenue and Customs | - | - | (49,962) | - | - | - | - | - | ||||||||
| Total UK | - | - | (49,962) | - | - | - | 169 | - | ||||||||
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 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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