Environmental & Social Information • Jun 29, 2018
Environmental & Social Information
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RNS Number : 0958T
Tullow Oil PLC
29 June 2018
Tullow Oil plc
Report on payments to governments for the year 2017
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2017 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 169 to 175 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 entitlements | Production entitlements | Income taxes |
Royalties (cash only) | Dividends | Bonus payments | Licence fees |
Infrastructure improvement payments | |
| BBL000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | |
| South Omo | - | - | - | - | - | - | - | 25 |
| Tullow Ethiopia B.V. | - | - | - | - | - | - | - | - |
| Total Ethiopia | - | - | - | - | - | - | - | 25 |
| M'Boundi | 63 | 3,673 | - | - | - | - | - | - |
| Total Congo | 63 | 3,673 | - | - | - | - | - | - |
| CI-26 Espoir | 40 | 2,354 | - | - | - | - | - | - |
| CI-301 | - | - | - | - | - | - | 375 | - |
| CI-302 | - | - | - | - | - | - | 375 | - |
| CI-518 | - | - | - | - | - | - | 375 | - |
| CI-519 | - | - | - | - | - | - | 375 | - |
| Tullow Cote d'Ivoire Exploration Ltd. | - | - | - | - | - | - | - | - |
| Total Cote d'Ivoire | 40 | 2,354 | - | - | - | - | 1,500 | - |
| Ceiba | 123 | 7,171 | - | - | - | - | - | - |
| Okume Complex | 336 | 19,589 | - | - | - | - | - | - |
| Tullow Equatorial Guinea Ltd. | - | - | 21,647 | - | - | - | - | - |
| Total Equatorial Guinea | 459 | 26,760 | 21,647 | - | - | - | - | - |
| Echira | - | - | - | 2,434 | - | - | - | - |
| Ezanga | - | - | - | 2,465 | - | - | - | - |
| Ingongo | - | - | - | 64 | - | - | - | - |
| Limande | - | - | - | 4,177 | - | - | - | - |
| M'Oba | - | - | - | 94 | - | - | - | - |
| Niungo | - | - | - | 4,024 | - | - | - | - |
| Tchatamba | - | - | - | 8,449 | - | - | - | - |
| Turnix | - | - | - | 1,772 | - | - | - | - |
| Tullow Oil Gabon SA | - | - | - | - | - | 5,000 | - | - |
| Oba | - | - | - | 1,561 | - | - | - | - |
| Tulipe Oil SA | - | - | - | - | - | - | - | - |
| Total Gabon | - | - | - | 25,040 | - | 5,000 | - | - |
| Jubilee | 581 | 33,872 | - | - | - | - | - | 246 |
| TEN | 482 | 28,101 | - | - | - | - | - | 30 |
| Tullow Ghana Ltd. | - | - | - | - | - | - | 59 | 1,087 |
| Total Ghana | 1,063 | 61,973 | - | - | - | - | 59 | 1,363 |
| Block C-3 | - | - | - | - | - | - | 29 | - |
| Block C-10 | - | - | - | - | - | - | 24 | - |
| Block C-18 | - | - | - | - | - | - | 26 | - |
| PSC B (Chinguetti EEA) | 28 | 1,632 | - | - | - | - | 258 | - |
| Tullow Petroleum Mauritania Pty Ltd | - | - | - | - | - | - | - | - |
| Tullow Mauritania Ltd. | - | - | - | - | - | - | - | - |
| Total Mauritania | 28 | 1,632 | - | - | - | - | 337 | - |
| Production entitlements | Production entitlements | Income taxes |
Royalties (cash only) | Dividends | Bonus payments | Licence fees |
Infrastructure improvement payments | |
| BBL 000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | |
| Block 10BA | - | - | - | - | - | - | 231 | - |
| Block 10BB | - | - | - | - | - | - | 93 | - |
| Block 12A | - | - | - | - | - | - | 46 | - |
| Block 12B | - | - | - | - | - | - | 62 | - |
| Block 13T | - | - | - | - | - | - | 19 | - |
| Tullow Kenya B.V. | - | - | 1 | - | - | - | - | 195 |
| Total Kenya | - | - | 1 | - | - | - | 451 | 195 |
| Tullow Mozambique Ltd. | - | - | 1 | - | - | - | - | - |
| Total Mozambique | - | - | 1 | - | - | - | - | - |
| PEL 37 | - | - | - | - | - | - | 124 | - |
| Tullow Namibia Ltd. | - | - | - | - | - | - | - | |
| Total Namibia | - | - | - | - | - | - | 124 | - |
| PEL 28 | - | - | - | - | - | - | 78 | 100 |
| Tullow Zambia B.V. | - | - | - | - | - | - | - | |
| Total Zambia | - | - | - | - | - | - | 78 | 100 |
| Tullow South Africa Pty Ltd. | - | - | 271 | - | - | - | - | - |
| Total South Africa | - | - | 271 | - | - | - | - | - |
| Tullow Uganda Operations Pty | - | - | 2,375 | - | - | - | 158 | - |
| Tullow Uganda Ltd. | - | - | 33,684 | - | - | - | - | - |
| Total Uganda | - | - | 36,059 | - | - | - | 158 | - |
| Tullow Oil Ltd. | - | - | (485) | - | - | - | - | - |
| Total Ireland | - | - | (485) | - | - | - | - | - |
| Orinduik | - | - | - | - | - | - | 40 | - |
| Tullow Guyana B.V. | - | - | - | - | - | - | - | - |
| Total Guyana | - | - | - | - | - | - | 40 | - |
| Walton Morant | - | - | - | - | - | - | 128 | - |
| Tullow Jamaica Ltd. | - | - | - | - | - | - | - | - |
| Total Jamaica | - | - | - | - | - | - | 128 | - |
| E10 | - | - | - | - | - | - | 60 | - |
| E11 | - | - | - | - | - | - | 66 | - |
| E14 | - | - | - | - | - | - | 69 | - |
| E15b | - | - | - | - | - | - | 3 | - |
| E15c | - | - | - | - | - | - | 34 | - |
| F16E | - | - | - | - | - | - | 1 | - |
| Tullow Overseas Holdings B.V. | - | - | - | - | - | - | - | - |
| Tullow Exp. & Prod. Netherlands B.V. | - | - | (3,921) | - | - | - | - | - |
| Total Netherlands | - | - | (3,921) | - | - | - | 233 | - |
| Production entitlements | Production entitlements | Income taxes |
Royalties (cash only) | Dividends | Bonus payments | Licence fees |
Infrastructure improvement payments | |
| BBL 000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | |
| Tullow Oil Norge AS | - | - | (122,729) | - | - | - | - | - |
| Total Norway | - | - | (122,729) | - | - | - | - | - |
| Bannu West | - | - | - | - | - | - | - | 6 |
| Kalchas | - | - | - | - | - | - | 10 | 9 |
| Kohat | - | - | - | - | - | - | 6 | 12 |
| Kohlu | - | - | - | - | - | - | 6 | 9 |
| Tullow Pakistan Developments Ltd. | - | - | 29 | - | - | - | - | - |
| Total Pakistan | - | - | 29 | - | - | - | 22 | 36 |
| Tullow Group Services Ltd.- Singapore | - | - | 113 | - | - | - | - | - |
| Total Singapore | - | - | 113 | - | - | - | - | - |
| Boulton B&F | - | - | - | - | - | - | 58 | - |
| Murdoch | - | - | - | - | - | - | 241 | - |
| Schooner | - | - | - | - | - | - | 218 | - |
| Munro (44/17B) | - | - | - | - | - | - | 84 | - |
| Kelvin | - | - | - | - | - | - | 118 | - |
| Katy | - | - | - | - | - | - | 106 | - |
| CMS | - | - | - | - | - | - | 4 | - |
| P039 | - | - | - | - | - | - | 123 | - |
| P852 | - | - | - | - | - | - | 233 | - |
| Tullow Group Services Ltd. | - | - | - | - | - | - | - | - |
| Tullow Oil SK Ltd | - | - | (8,244) | - | - | - | - | - |
| Total UK | - | - | (8,244) | - | - | - | 1,185 | - |
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2017 average realised oil price of $58.3/bbl. Production entitlements disclosed for Ghana excludes 4,467,372 bbls and 3,067,887 bbls taken by GNPC in respect of its equity interest in the Jubilee and TEN respectively.
Disclosure by government
| Produc-tion entitle-ments | Produc-tion entitle-ments* | Income taxes | Royalties (cash only) | Dividends | Bonus payments | Licence fees | Infras-tructure improve-ment payments | |
|---|---|---|---|---|---|---|---|---|
| bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | |
| Ethiopia - Payment made to 3rd party | - | - | - | - | - | - | - | 25 |
| Total Ethiopia | - | - | - | - | - | - | - | 25 |
| Republic of Congo, Ministere des Hydrocarbures | 63 | 3,673 | - | - | - | - | - | - |
| Total Congo (Brazzaville) | 63 | 3,673 | - | - | - | - | - | - |
| The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources | 40 | 2,354 | - | - | - | - | 1,500 | - |
| Total Côte d'Ivoire | 40 | 2,354 | - | - | - | - | 1,500 | - |
| Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy | 459 | 26,760 | - | - | - | - | - | - |
| Republica de Guinea Ecuatorial, Ministeria de Hacienda y Presupuestas | - | - | 21,647 | - | - | - | - | - |
| Total Equatorial Guinea | 459 | 26,760 | 21,647 | - | - | - | - | - |
| Gabonese Public Treasury - Ministry of Finance | - | - | - | 25,040 | - | 5,000 | - | - |
| Total Gabon | - | - | - | 25,040 | - | 5,000 | - | - |
| Ghana Health Service and Ghana Education Service | - | - | - | - | - | - | - | 1,363 |
| Ghana National Petroleum Corporation | 1,063 | 61,973 | - | - | - | - | - | - |
| Ghana Revenue Authority | - | - | - | - | - | - | 59 | - |
| Total Ghana | 1,063 | 61,973 | - | - | - | - | 59 | 1,363 |
| Mauritanian Finance Ministry & Direction of Environmental Commission | - | - | - | - | - | - | 337 | - |
| Ministry of Energy and Peteroleum | 28 | 1,632 | - | - | - | - | - | - |
| Total Mauritania | 28 | 1,632 | - | - | - | - | 337 | - |
| Kenya Revenue Authority | - | - | 1 | - | - | - | - | 195 |
| Ministry of Energy and Petroleum | - | - | - | - | - | - | 451 | - |
| Total Kenya | - | - | 1 | - | - | - | 451 | 195 |
| Ministério das Finanças | - | - | 1 | - | - | - | - | - |
| Total Mozambique | - | - | 1 | - | - | - | - | - |
| Ministerial Deposit Account | - | - | - | - | - | - | 124 | - |
| Total Namibia | - | - | - | - | - | - | 124 | - |
| Zambian Ministry of Mines and Mineral Development | - | - | - | - | - | - | 78 | - |
| University of Zambia | - | - | - | - | - | - | - | 100 |
| Total Zambia | - | - | - | - | - | - | 78 | 100 |
| South African Revenue Services | - | - | 271 | - | - | - | - | - |
| Total South Africa | - | - | 271 | - | - | - | - | - |
| Ministry of Energy and Minerals Development | - | - | - | - | - | - | 158 | - |
| Uganda Revenue Authority | - | - | 36,059 | - | - | - | - | - |
| Total Uganda | - | - | 36,059 | - | - | - | 158 | - |
| Revenue Commissioners | - | - | (485) | - | - | - | - | - |
| Total Ireland | - | - | (485) | - | - | - | - | - |
| Petroleum Commission of Guyana | - | - | - | - | - | - | 40 | - |
| Total Guyana | - | - | - | - | - | - | 40 | - |
| Petroleum Corporation of Jamaica | - | - | - | - | - | - | 128 | - |
| Total Jamaica | - | - | - | - | - | - | 128 | - |
| Belastingdienst | - | - | (3,921) | - | - | - | 233 | - |
| Total Netherlands | - | - | (3,921) | - | - | - | 233 | - |
| Norwegian Tax Administration. | - | - | (122,729) | - | - | - | - | - |
| Total Norway | - | - | (122,729) | - | - | - | - | - |
| Ministry of Petroleum and Natural Resources | - | - | - | - | - | - | 22 | 14 |
| Federal Board of Revenue | - | - | 29 | - | - | - | - | - |
| Total Pakistan | - | - | 29 | - | - | - | 22 | 36 |
| Inland Revenue Authority of Singapore | - | - | 113 | - | - | - | - | - |
| Total Singapore | - | - | 113 | - | - | - | - | - |
| Department of Business, Energy & Industrial Stratergy | - | - | - | - | - | - | 1,185 | - |
| Her Majesties Revenue and Customs | - | - | (8,244) | - | - | - | - | - |
| Total UK | - | - | (8,244) | - | - | - | 1,185 | - |
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2017 average realised oil price of $58.3/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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