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TULLOW OIL PLC
Major Shareholding Notification • May 13, 2022
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Major Shareholding Notification
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National Storage Mechanism | Additional information 
RNS Number : 3230L
Tullow Oil PLC
13 May 2022
Tullow Oil plc
Report on payments to governments for the year 2021
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2021 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 in the Company's Payment to Government Report. This report is available for download from: https://www.tullowoil.com/application/files/7316/4811/4907/2021_Payment_to_Government_Report.pdf
Disclosure by licence and country
| European transparency directive disclosure | ||||||||
| 2021 | Production entitlements | Production entitlements | Income taxes | Royalties (cash only) | Dividends | Bonus payments | Licence fees | Infrastructure improvement payments |
| Licence / Company level | BBL000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 |
| CI-26 Espoir | - | 928 | - | - | - | - | - | - |
| Total Cote d'Ivoire | - | 928 | - | - | - | - | - | - |
| Tullow Equatorial Guinea Ltd. | - | - | 750 | - | - | - | - | - |
| Total Equatorial Guinea | - | - | 750 | - | - | - | - | - |
| Echira | - | - | - | 3,560 | - | - | - | - |
| Ezanga | - | - | - | - 4,064 | - | - | - | - |
| Limande | - | - | - | 2,868 | - | - | - | - |
| M'Oba | - | - | - | 118 | - | - | - | - |
| Niungo | - | - | - | 3,395 | - | - | - | - |
| Oba | - | - | - | 1,395 | - | - | - | - |
| Simba | - | - | - | 13,824 | - | - | - | - |
| Tchatamba Marin | - | - | - | 8,776 | - | - | - | - |
| Turnix | - | - | - | 1,714 | - | - | - | - |
| Tullow Oil Gabon SA | - | - | 38,427 | - | - | - | - | - |
| Total Gabon | - | - | 38,427 | 31,586 | - | - | - | - |
| Deep Water Tano | - | - | - | - | - | - | 59 | - |
| Jubilee Field Unit Area | 485 | 30,410 | - | - | - | - | - | - |
| TEN Development Area | 283 | 17,744 | - | - | - | - | - | 2 |
| West Cape Three Points | - | - | - | - | - | - | 18 | - |
| Tullow Ghana Ltd. | - | - | 43,446 | - | - | - | - | 2,716 |
| Total Ghana | 768 | 48,154 | 43,446 | - | - | - | 77 | 2,718 |
| PSC B (Chinguetti EEA) | - | - | - | - | - | - | 35 | - |
| Total Mauritania | - | - | - | - | - | - | 35 | - |
| Block 10BA | - | - | - | - | - | - | 231 | - |
| Block 10BB | - | - | - | - | - | - | 116 | - |
| Block 13T | - | - | - | - | - | - | 24 | - |
| Total Kenya | - | - | - | - | - | - | 371 | - |
| PEL 90 | - | - | - | - | - | - | 24 | - |
| Total Namibia | - | - | - | - | - | - | 24 | - |
| Block MLO 114 | - | - | - | - | - | - | 83 | - |
| Block MLO 119 | - | - | - | - | - | - | 85 | - |
| Block MLO 122 | - | - | - | - | - | - | 111 | - |
| Total Argentina | - | - | - | - | - | - | 280 | - |
| PEL-28 | - | - | - | - | - | - | 100 | - |
| Total Zambia | - | - | - | - | - | - | 100 | - |
| Tullow Peru Limited | - | - | - 77 | - | - | - | - | - |
| Total Peru | - | - | - 77 | - | - | - | - | - |
| Orinduik | - | - | - | - | - | - | 40 | - |
| Total Guyana | - | - | - | - | - | - | 40 | - |
| P039 | - | - | - | - | - | - | 2 | - |
| P060 | - | - | - | - | - | - | 2 | - |
| P852 | - | - | - | - | - | - | 2 | - |
| P037 | - | - | - | - | - | - | 2 | - |
| TOSK | - | - | - 22,281 | - | - | - | - | - |
| Tullow Oil Plc | - | - | - 10,024 | - | - | - | - | - |
| Total UK | - | - | - 32,305 | - | - | - | 8 | - |
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2021 average realised oil price of $62.7/bbl.
Disclosure by government
| Production | Production entitlements* | Income taxes | Royalties (cash only) | Dividends | Bonus payments | Licence fees | Infrastructure improvement | |||||||||
| Entitlements | ||||||||||||||||
| 2021 | 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 | - | 928 | - | - | - | - | - | - | ||||||||
| Total Côte d'Ivoire | - | 928 | - | - | - | - | - | - | ||||||||
| Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts | - | - | 750 | - | - | - | - | - | ||||||||
| Total Equatorial Guinea | - | - | 750 | - | - | - | - | - | ||||||||
| Adavnce CIT Trésor Public | - | - | 38,427 | - | - | - | - | - | ||||||||
| Direction Général des Impôts | - | - | - | 31,586 | - | - | - | - | ||||||||
| Total Gabon | - | - | 38,427 | 31,586 | - | - | - | - | ||||||||
| Ghana National Petroleum Corporation | 768 | 48,154 | - | - | - | - | - | - | ||||||||
| Ghana Revenue Authority | - | - | 43,446 | - | - | - | 77 | 2,718 | ||||||||
| Total Ghana | 768 | 48,154 | 43,446 | - | - | - | 77 | 2,718 | ||||||||
| Mauritanian Finance Ministry & Direction of Environmental Commission | - | - | - | - | - | - | 35 | - | ||||||||
| Total Mauritania | - | - | - | - | - | - | 35 | - | ||||||||
| Ministry of Energy and Petroleum | - | - | - | - | - | - | 371 | - | ||||||||
| Total Kenya | - | - | - | - | - | - | 371 | - | ||||||||
| Ministry of Mines and Energy | - | - | - | - | - | - | 24 | - | ||||||||
| Total Namibia | - | - | - | - | - | - | 24 | - | ||||||||
| Ministry of Economy | - | - | - | - | - | - | 280 | - | ||||||||
| Total Argentina | - | - | - | - | - | - | 280 | - | ||||||||
| Ministry of Mines and Minerals Development | - | - | - | - | - | - | 100 | |||||||||
| Total Zambia | - | - | - | - | - | - | 100 | - | ||||||||
| Superintendencia Nacional de Aduanas y de Administración Tributaria | - | - | -77 | - | - | - | - | - | ||||||||
| Total Peru | - | - | -77 | - | - | - | - | - | ||||||||
| Guyana Geology and Mines Commission (GGMC) | - | - | - | - | - | - | 40 | - | ||||||||
| Total Guyana | - | - | - | - | - | - | 40 | - | ||||||||
| Department of Business, Energy & Industrial Strategy | - | - | - | - | - | - | 8 | - | ||||||||
| Her Majesty's Revenue and Customs | - | - | -32,305 | - | - | - | - | - | ||||||||
| Total UK | - | - | -32,305 | - | - | - | 8 | - | ||||||||
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2021 average realised oil price of $62.7/bbl.
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