Report on payments to governments

RNS Number : 3281J

Cairn Energy PLC

28 June 2017

 

28 June 2017

CAIRN ENERGY PLC ("Cairn" or "the Company")

Report on payments to governments for the year ended 31 December 2016

Cairn has prepared the following report in respect of payments made to governments during the year ended 31 December 2016. The information provided in this report is in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules.

The payments disclosed in accordance with the regulations are payments made or received from national governments on a cash basis, and are shown based on where the obligation for the payment arose - i.e. at a project or corporate level. 

This report is available to download from our website: http://www.cairnenergy.com

Disclosure by licence and country

	Produc-tion entitle-ments	Produc-tion entitle-ments*	Taxes	Royalties	Dividends	Bonus payments	Licence fees	Infras-tructure improve-ments
	bbls'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000
FEL 1/14	-	-	-	-	-	-	36	-
LO 16/18	-	-	-	-	-	-	49	-
Corporate	-	-	-	-	-	-	28	-
Total, Ireland	-	-	-	-	-	-	113	-
P2149 (Block 9/6)	-	-	-	-	-	-	5	-
Total, UK	-	-	-	-	-	-	5	-
Corporate	-	-	(35,468)	-	-	-	105	-
Total, Norway	-	-	(35,468)	-	-	-	105	-
Sangomar-Rufisque	-	-	-	-	-	-	107	-
Total, Senegal	-	-	-	-	-	-	107	-

 Disclosure by Government

	Produc-tion entitle-ments	Produc-tion entitle-ments*	Taxes	Royalties	Dividends	Bonus payments	Licence fees	Infras-tructure improve-ments
	bbls'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000
Department of Communications, Energy and Natural Resources	-	-	-	-	-	-	113	-
Total, Ireland	-	-	-	-	-	-	113	-
Department of Energy and Climate Change	-	-	-	-	-	-	5	-
Total, UK	-	-	-	-	-	-	5	-
Oljedirektoratet	-	-	-	-	-	-	105	-
Skatteetaten	-	-	(35,468)	-	-	-	-	-
Total, Norway	-	-	(35,468)	-	-	-	105	-
Société des pétroles du Sénégal	-	-	-	-	-	-	107	-
Total, Senegal	-	-	-	-	-	-	107	-

Enquiries to:

Analysts / Investors

David Nisbet, Corporate Affairs                                                                           Tel: [phone]

Media

Linda Bain, Corporate Affairs                                                                                Tel: [phone]
Cairn Energy PLC

Patrick Handley, David Litterick                                                                           Tel: [phone]

Brunswick Group LLP        

NOTES TO EDITORS

Cairn is one of Europe's leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange. Cairn has discovered and developed oil and gas reserves in a variety of locations around the world.

Cairn's business operations are now focused on frontier exploration acreage in North West Europe, North West Africa and the North Atlantic, underpinned by interests in development assets in the North Sea. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Norway and Senegal. 

Cairn and Corporate Responsibility

Ø Cairn is a signatory to the UN Global Compact and our core values of respect, responsibility, relationships and our commitments towards people, the environment and society are enshrined in our Business Principles, which are available on the Cairn website at http://www.cairnenergy.com/index.asp?pageid=282

Ø Cairn became a participating company in the Extractive Industry Transparency Initiative (EITI) in September 2013. The EITI is a coalition of governments, companies and civil society, who have adopted a multi-stakeholder approach to applying the EITI global standard promoting transparency of payments in the oil, gas and mining sectors http://eiti.org/

For further information on Cairn please see: www.cairnenergy.com

 

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