Report on Payments to Govts

RNS Number : 8820C

Kosmos Energy Limited

24 June 2021

 

KosmosEnergyLtd

Reportonpaymentstogovernmentfor theyear2020

Introduction

Kosmos Energy Ltd. has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2020 in accordance with the Reports on Payments to GovernmentsRegulations 2014 (2014/3209)asamendedbytheReportsonPaymentstoGovernments(Amendment)Regulations2015(2015/1928) andDTR4.3AoftheFinancialConduct Authority's DisclosureandTransparencyRules.

Payments to Governments (USD (1)
	Cote d'Ivoire	EquatorialGuinea	Ghana	Mauritania	SaoTome& Principe	Senegal	Suriname	UnitedStates
ProductionEntitlements(bbls)(2)	-	583,000	-	-	-	-	-	-
EstimatedProductionEntitlements($s)(2)	$  -	$ 24,130,000	$  -	$  -	$  -	$  -	$  -	$  -
IncomeTaxes(3)	$  -	$  78,772,000	$    37,600,000	$  -	$  -	$  -	$  -	$ 19,000
Royalties (bbls)(2)	-	574,000	518,000	-	-	-	-	952,000
EstimatedRoyalties ($s)(2)	$  -	$  23,758,000	$ 21,440,000	$  -	$  -	$  -	$  -	$ 36,826,000
Dividends	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  -
Bonuses	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  125,000
LicenseFees (SurfaceRentals,Permitting Fees,etc)	$  -	$  -	$  26,000	$  -	$  -	$  -	$  -	$ 2,125,000
InfrastructureImprovement	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  -
Envt,Capacity Building&SocialProjects (4)	$ 750,000	$  -	$  -	$  -	$  -	$  -	$  -	$  -
Training(4)	$  750,000	$  500,000	$  -	$  -	$          80,000	$  -	$  -	$  -
Taxes(Non-Income)(5)	$  319,000	$  210,000	$  6,686,000	$  467,000	$     122,000	$  237,000	$  477,000	$ 4,146,000
Other(6)	$  13,000	$  -	$  -	$  -	$ 400,000	$  -	$  -	$  -
Total	$  1,832,000	$  127,370,000	$  65,752,000	$  467,000	$  602,000	$  237,000	$  477,000	$ 43,241,000
FOOTNOTES The Payments to Government data are reflective of direct payments made to government entities by Kosmos Energy. These payments are categorized consistent with the Report on Payments to GovernmentsRegulations 2014(as amended in December 2015). These regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013).Please see the footnotes below for further detailonthepaymentswemadetoourhostcountrygovernmentsin2020. (1)  Oursummary,project-levelandreceiving-entitylevelpaymentstogovernmentdisclosuresarealsoavailableonourwebsiteat www.kosmosenergy.com/transparency (2)  Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in barrels of oil out of Kosmos Energy's working interest share of production. Production entitlements are paid to theRepublic of Equatorial Guinea in barrels of oil based on their participating interest.The production entitlement amounts presented represent Kosmos Energy's participating share received by the Republic ofEquatorial Guinea.The value of the royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $41.39 during 2020. United States amounts above are determinedbasedonactualsalesprices. (3)  Exclusiveofanyincometaxrefundsreceived (4)  Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable.In addition to the numbers above,Kosmos made payments to third party training providers and/or national oil company employees in accordance with training obligations per the PSCs totaling $466,000 in Equatorial Guinea and $2,000 inSao TomeandPrincipe. (5)  Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States.Thesevalues areexclusiveofwithholding taxesremittedonbehalfofserviceproviders. (6)  Primarilyrelatestotransactionaltransferfees.

Payments to Governments Receiving Entity- Level Disclosures (1)
	ProductionEntitlements(bbls)(2)	EstimatedProductionEntitlements($s)(2)	Income Taxes(3)	Royalties(bbls)(2)	EstimatedRoyalties($s)(2)	Dividends	Bonuses	License Fees(SurfaceRentals,PermittingFees, etc)	InfrastructureImprovement	Environment,CapacityBuilding&SocialProjects (4)	Training(4)	Taxes (Non-Income) (5)	Other(6)	TOTAL
CDIBlockCI-526	-	-	-	-	-	-	-	-	-	150,000	150,000	63,800	2,600	$ 366,400
CDIBlockCI-602	-	-	-	-	-	-	-	-	-	150,000	150,000	63,800	2,600	$  366,400
CDIBlockCI-603	-	-	-	-	-	-	-	-	-	150,000	150,000	63,800	2,600	$  366,400
CDIBlockCI-707	-	-	-	-	-	-	-	-	-	150,000	150,000	63,800	2,600	$  366,400
CDIBlockCI-708	-	-	-	-	-	-	-	-	-	150,000	150,000	63,800	2,600	$  366,400
TotalCoted'Ivoire	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$ 750,000	$   750,000	$  319,000	$ 13,000	$  1,832,000
CeibaField	182,000	7,533,000	-	210,000	8,692,000	-	-	-	-	-	-	-	-	$  16,225,000
OkumeComplexField	401,000	16,597,000	-	364,000	15,066,000	-	-	-	-	-	-	-	-	$  31,663,000
EquatorialGuineaBlockS	-	-	-	-	-	-	-	-	-	-	100,000	52,500	-	$  152,500
EquatorialGuineaBlockW	-	-	-	-	-	-	-	-	-	-	100,000	52,500	-	$  152,500
EquatorialGuineaBlock21	-	-	-	-	-	-	-	-	-	-	100,000	52,500	-	$  152,500
EquatorialGuineaBlock24	-	-	-	-	-	-	-	-	-	-	200,000	52,500	-	$  252,500
CompanyLevel-KosmosEquatorialGuinea,Inc.	-	-	78,771,000	-	-	-	-	-	-	-	-	-	-	$  78,771,000
CompanyLevel-KosmosEnergyEquatorialGuinea	-	-	1,000	-	-	-	-	-	-	-	-	-	-	$  1,000
TotalEquatorialGuinea	583,000	$  24,130,000	$  78,772,000	574,000	$  23,758,000	$  -	$  -	$  -	$  -	$  -	$   500,000	$  210,000	$  -	$127,370,000
Jubilee	-	-	-	367,000	15,190,000	-	-	-	-	-	-	-	-	$  15,190,000
TEN	-	-	-	151,000	6,250,000	-	-	-	-	-	-	-	-	$  6,250,000
WestCapeThreePoints	-	-	-	-	-	-	-	13,000	-	-	-	-	-	$          13,000
DeepwaterTano	-	-	-	-	-	-	-	13,000	-	-	-	-	-	$  13,000
CompanyLevel	-	-	37,600,000	-	-	-	-	-	-	-	-	6,686,000	-	$  44,286,000
TotalGhana	-	$  -	$  37,600,000	518,000	$  21,440,000	$  -	$  -	$         26,000	$  -	$  -	$  -	$   6,686,000	$  -	$  65,752,000
CompanyLevel	-	-	-	-	-	-	-	-	-	-	-	467,000	-	$  467,000
TotalMauritania	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  467,000	$  -	$  467,000
SaoTomeBlock6	-	-	-	-	-	-	-	-	-	-	-	-	100,000	$  100,000
SaoTomeBlock10													100,000	$  100,000
SaoTomeBlock11	-	-	-	-	-	-	-	-	-	-	-	-	100,000	$  100,000
SaoTomeBlock12	-	-	-	-	-	-	-	-	-	-	80,000	-	-	$ 80,000
SaoTomeBlock13													100,000	$  100,000
CompanyLevel	-	-	-	-	-	-	-	-	-	-	-	122,000	-	$  122,000
TotalSaoTomeandPrincipe	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$ 80,000	$  122,000	$  400,000	$  602,000
CompanyLevel	-	-	-	-	-	-	-	-	-	-	-	237,000	-	$  237,000
TotalSenegal	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  237,000	$  -	$  237,000
SurinameBlock42	-	-	-	-	-	-	-	-	-	-	-	-	-	$  -
SurinameBlock45	-	-	-	-	-	-	-	-	-	-	-	-	-	$  -
CompanyLevel	-	-	-	-	-	-	-	-	-	-	-	477,000	-	$  477,000
TotalSuriname	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$  477,000	$  -	$  477,000
MississippiCanyon	-	-	-	448,000	19,018,000	-	-	1,072,000	-	-	-	-	-	$  20,090,000
DeSotoCanyon	-	-	-	-	-	-	-	550,000	-	-	-	-	-	$  550,000
GardenBanks	-	-	-	21,000	660,000	-	-	66,000	-	-	-	-	-	$  726,000
GreenCanyon	-	-	-	483,000	17,148,000	-	-	147,000	-	-	-	-	-	$  17,295,000
KeathleyCanyon	-	-	-	-	-	-	-	219,000	-	-	-	-	-	$  219,000
WalkerRidge	-	-	-	-	-	-	125,000	63,000	-	-	-	-	-	$  188,000
CompanyLevel	-	-	19,000	-	-	-	-	8,000	-	-	-	4,146,000	-	$  4,173,000
TotalUnitedStatesofAmerica	-	$  -	$          19,000	952,000	$  36,826,000	$  -	$ 125,000	$     2,125,000	$  -	$  -	$  -	$  4,146,000	$  -	$  43,241,000
Total	583,000	$  24,130,000	$116,391,000	2,044,000	$  82,024,000	$  -	$  125,000	$  2,151,000	$  -	$  750,000	$  1,330,000	$  12,664,000	$  413,000	$239,978,000

Payments to Governments - Receiving Entity- Level Disclosures (1)
	ProductionEntitlements(bbls)(2)	EstimatedProductionEntitlements($s)(2)	Income Taxes(3)	Royalties(bbls)(2)	EstimatedRoyalties($s)(2)	Dividends	Bonuses	License Fees(SurfaceRentals,Permitting Fees,etc)	InfrastructureImprovement	Environment,CapacityBuilding&SocialProjects (4)	Training(4)	Taxes (Non-Income) (5)	Other(6)		TOTAL
CaisseNationaleDePrevoyanceSociale	-	-	-	-	-	-	-	-	-	-	-	17,000	-		$         17,000
DirectionGeneraledesHydrocarbures	-	-	-	-	-	-	-	-	-	750,000	750,000	-	-		$      1,500,000
DirectionGeneraleDesImpotes	-	-	-	-	-	-	-	-	-	-	-	302,000	-		$       302,000
PetrociHolding	-	-	-	-	-	-	-	-	-	-	-	-	13,000		$          13,000
TotalCoted'Ivoire	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$ 750,000	$ 750,000	$     319,000	$  13,000		$    1,832,000
MinistryofMinesandHydrocarbons	583,000	24,130,000	-	574,000	23,758,000	-	-	-	-	-	300,000	-	-		$ 48,188,000
TresoreriaGeneralDelEstado	-	-	78,772,000	-	-	-	-	-	-	-	-	108,000	-		$      78,880,000
InstitutoNacionaldeSeguridadSocialdeGuineaEcuatorial	-	-	-	-	-	-	-	-	-	-	-	89,500	-		$           89,500
FondodeFormaciondelMinisteriodeMinase	-	-	-	-	-	-	-	-	-	-	200,000	-	-		$              200,000
MinisterioDeTransportes	-	-	-	-	-	-	-	-	-	-	-	-	-		$  -
MinisterioDeTrabajo	-	-	-	-	-	-	-	-	-	-	-	500	-		$                  500
MinisterioDeHaciendaYPresupuestos	-	-	-	-	-	-	-	-	-	-	-	12,000	-		$             12,000
TresorPublicDeGuineeEquatorialeDepots	-	-	-	-	-	-	-	-	-	-	-	-	-		$  -
TotalEquatorialGuinea	583,000	$  24,130,000	$  78,772,000	574,000	$  23,758,000	$  -	$  -	$  -	$  -	$  -	$     500,000	$     210,000	$  -		$ 127,370,000
GovernmentofRepublicofGhana	-	-	-	518,000	21,440,000	-	-	-	-	-	-	-	-		$     21,440,000
PetroleumCommissionofGhana	-	-	-	-	-	-	-	26,000	-	-	-	1,000	-		$         27,000
SocialSecurity&Nat'lInsura	-	-	-	-	-	-	-	-	-	-	-	212,000	-		$             212,000
GhanaRevenueAuthority	-	-	37,600,000	-	-	-	-	-	-	-	-	6,473,000	-		$          44,073,000
TotalGhana	-	$  -	$ 37,600,000	518,000	$  21,440,000	$  -	$  -	$     26,000	$  -	$  -	$  -	$  6,686,000	$  -		$    65,752,000
CaisseNationaleD'AssuramceMaladie	-	-	-	-	-	-	-	-	-	-	-	92,000	-		$            92,000
CaisseNationaleDeSecuriteSociale	-	-	-	-	-	-	-	-	-	-	-	2,000	-		$               2,000
TresorierGeneral	-	-	-	-	-	-	-	-	-	-	-	373,000	-		$          373,000
TotalMauritania	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$     467,000	$  -		$        467,000
AgenciaNacionalDoPetroleoDeSaoTomeE	-	-	-	-	-	-	-	-	-	-	80,000	-	400,000		$       480,000
INSS-InstitutoNacionalDeSegurancaSocial	-	-	-	-	-	-	-	-	-	-	-	32,000	-		$              32,000
TesouroPublico	-	-	-	-	-	-	-	-	-	-	-	90,000	-		$            90,000
TotalSaoTome&Principe	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$      80,000	$       122,000	$ 400,000		$         602,000
ChefduBureaudeRecouvrement	-	-	-	-	-	-	-	-	-	-	-	$        237,000	$  -		$          237,000
TotalSenegal	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$    237,000	$  -		$          237,000
OntvangerderDirekteBelastingen	-	-	-	-	-	-	-	-	-	-	-	477,000	-		$          477,000
TotalSuriname	-	$  -	$  -	-	$  -	$  -	$  -	$  -	$  -	$  -	$  -	$   477,000	$  -		$          477,000
ONRR	-	-	-	952,000	36,826,000	-	125,000	2,125,000	-	-	-	-	-		$ 39,076,000
Various	-	-	19,000	-	-	-	-	-	-	-	-	4,146,000	-		$  4,165,000
TotalUnitedStatesofAmerica	-	$  -	$    19,000	952,000	$  36,826,000	$  -	$ 125,000	$ 2,125,000	$  -	$  -	$  -	$ 4,146,000	$  -		$ 43,241,000
Total	583,000	$24,130,000	$116,391,000	2,044,000	$  82,024,000	$ -	$  125,000	$  2,151,000	$ -	$  750,000	$ 1,330,000	$12,664,000	$ 413,000		$  239,978,000
FOOTNOTES The PaymentstoGovernmentdata are reflective ofdirectpaymentsmade togovernmententitiesby KosmosEnergy.These paymentsarecategorizedconsistentwiththeReportonPaymentstoGovernmentsRegulations2014(asamendedinDecember2015).Theseregulationsenactdomesticrulesinline withDirective 2013/34/EU(the EUAccountingDirective(2013).Please see the footnotesbelowforfurtherdetailonthe paymentswe madetoourhostcountrygovernmentsin2020. (1)  Oursummary,project-levelandreceiving-entitylevelpaymentstogovernment disclosuresarealsoavailableonourwebsiteat www.kosmosenergy.com/transparency (2)  Royaltiesare paidtotheGovernmentofGhana andthe RepublicofEquatorialGuinea inbarrelsofoilout ofKosmosEnergy'sworkinginterestshareofproduction.Productionentitlementsarepaidtothe RepublicofEquatorialGuinea inbarrelsofoilbasedontheirparticipating interest.TheproductionentitlementamountspresentedrepresentKosmosEnergy'sparticipating share receivedby the RepublicofEquatorialGuinea.Thevalue ofthe royaltiesandproductionentitlementsdisclosedaboveare basedontheannualaverage ofdailyBrentpricesof$41.39during2020.UnitedStatesamountsabove are determinedbasedonactualsalesprices. (3)  Exclusiveofanyincometaxrefundsreceived (4)  Representspaymentsmadedirectly togovernmentforsatisfactionofobligationsperthe PetroleumAgreementsand/orPetroleum SharingContracts(PSCs),asapplicable.In additiontothenumbersabove,Kosmosmadepaymentstothirdpartytrainingprovidersand/ornationaloilcompany employeesinaccordance withtrainingobligationsperthe PSCstotaling$466,000inEquatorialGuinea and$2,000inSaoTomeandPrincipe. (5)  Primarilywithholding taxesoninterest payments, employerpaidpayroll-relatedtaxes, andpropertytaxespaidonpipeandtangiblegoodsinventory storedat variousonshorelocationsintheUnitedStates.Thesevaluesareexclusiveofwithholdingtaxesremittedonbehalfofservice providers. (6)  Primarilyrelatestotransactionaltransferfees.

 

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