Report on payments to governments 2017

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.


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