Report on Payments to Govts

RNS Number : 2245C

Petrofac Limited

24 June 2016

 

Petrofac Limited

(the Company)

Reports on Payments to Governments for the year ended 31 December 2015

Petrofac today provides information in accordance with DTR 4.3A in respect of payments made by the Company to governments for the year ended 31 December 2015 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209). This report is available for download from http://www.petrofac.com/en-gb/investors/rns-news/

The following schedules detail the payments made by Petrofac Limited and its subsidiary undertakings to the Malaysia and Tunisian governments in relation to operating oil and gas fields to which the business had an interest during the reporting period:

Malaysia
Project Report
	Taxes		Royalties2			Fees		Total
			Volume	Value
	US$'0001		'000 bbls	US$'0001		US$'0001		US$'0001
PM304	-		1,573	9,825		1,253		11,078
Berantai	1,555		-	-		-		1,555
Total	1,555		1,573	9,825		1,253		12,633
Government Report
	Taxes		Royalties2			Fees		Total
			Volume	Value
	US$'0001		'000 bbls	US$'0001		US$'0001		US$'0001
Inland Revenue Board	1,555		-	-		-		1,555
PETRONAS	-		1,573	9,825		1,253		11,078
Total	1,555		1,573	9,825		1,253		12,633

Tunisia
Project Report
	Taxes		Royalties2			Fees		Total
			Volume	Value
	US$'0001		'000 bbls	US$'0001		US$'0001		US$'0001
Chergui	9,910		5	2,674		6		12,590
Total	9,910		5	2,674		6		12,590
Government Report
	Taxes		Royalties2			Fees		Total Payments
			Volume	Value
	US$'0001		'000 bbls	US$'0001		US$'0001		US$'0001
Tunisian Government	9,910		5	2,674		6		12,590
Total	9,910		5	2,674		6		12,590

Notes:

1.   Payments made in local currencies are translated at the average exchange rate for the year.

2.   Certain royalty payments are made in kind, the value of which is calculated with reference to market rates at the time of payment.

3.   In line with the UK Regulations, where a payment or a series or related payments have not exceeded £86,000, they have not been disclosed

4.   No other businesses within the Petrofac Group are impacted by this legislation and its reporting requirements.

For further information contact:

Petrofac

Alison Flynn                                                      [phone]

Group Head of Communications Petrofac [e-mail]

Jonathan Low                                                    [phone]

Head of Investor Relations                                   [e-mail]

Tulchan Communications Group LLP                   [phone]

Martin Robinson                                                 [e-mail]

Stephen Malthouse

Notes to Editors

Petrofac

Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil & gas assets.

With around 19,000 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com.

 

END

 

 

PGRSEDFSLFMSEDM