Report on Payments to Govts

RNS Number : 0009D

Tullow Oil PLC

24 June 2021

 

Tullow Oil plc

Report on payments to governments for the year 2020

Introduction

Tullow Oil plc 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 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 in the Company's Payment to Government Report. This report is available for download from: https://www.tullowoil.com/application/files/7416/1652/0285/2020_Payment_to_Government_Report.pdf

Disclosure by licence and country

	Production  Entitlement	Production Entitlements *	Income Taxes	Royalties (Cash only)	Dividends	Bonus  Payments	Licence Fees	Infrastructure Improvement
	BBL000	$000	$000	$000	$000	$000	$000	$000
CI-26 Espoir	-	768	-	-	-	-	-	-
Total Cote d'Ivoire	-	768	-	-	-	-	-	-
Ceiba	101	5,141	-	-	-	-	-	-
Okume Complex	211	10,740	-	-	-	-	-	-
Tullow Equatorial Guinea Ltd	-	-	20,744	-	-	-	-	-
Total Equatorial Guinea	312	15,881	20,744	-	-	-	-	-
Echira	-	-	-	1,954	-	-	-	-
Ezanga	-	-	-	3,093	-	-	-	-
Limande	-	-	-	1,620	-	-	-	-
M'Oba	-	-	-	84	-	-	-	-
Niungo	-	-	-	2,327	-	-	-	-
Oba	-	-	-	776	-	-	-	-
Ruche	-	-	-	977	-	-	-	-
Simba	-	-	-	5,391	-	-	-	-
Tchatamba Marin	-	-	-	5,572	-	-	-	-
Turnix	-	-	-	1,009	-	-	-	-
Tullow Oil Gabon SA	-	-	78,253	-	-	-	-	-
Total Gabon	-	-	78,253	22,803	-	-	-	-
Deep Water Tano	-	-	-	-	-	-	59	-
Jubilee Field Unit area	540	27,486	-	-	-	-	-	-
TEN Development area	420	21,378	-	-	-	-	-	68
West Cape Three Points	-	-	-	-	-	-	18	-
Tullow Ghana Ltd	-	-	31,409	-	-	-	-	3,227
Total Ghana	960	48,864	31,409	-	-	-	77	3,295
PSC B (Chinguetti EEA)	-	-	-	-	-	-	35	-
Block C-3	-	-	-	-	-	-	10,000	-
Total Mauritania	-	-	-	-	-	-	10,035	-
Block 12B	-	-	-	-	-	-	93	-
Tullow Kenya B.V.	-	-	-	-	-	-	-	1
Total Kenya	-	-	-	-	-	-	93	1
PEL 37	-	-	-	-	-	-	129	-
PEL 90	-	-	-	-	-	-	40	-
Total Namibia	-	-	-	-	-	-	169	-
Tullow Uganda Operation Pty Ltd	-	-	-	-	-	-	158	-
Total Uganda	-	-	-	-	-	-	158	-
Block MLO 114	-	-	-	-	-	-	25	-
Block MLO 119	-	-	-	-	-	-	19	-
Block MLO 122	-	-	-	-	-	-	18	-
Total Argentina	-	-	-	-	-	-	62	-

	Production entitlements	Production entitlements *	Income taxes	Royalties (cash only)	Dividends	Bonus payments	Licence fees	Infrastructure improvement
	BBL 000	$000	$000	$000	$000	$000	$000	$000
Block 35	-	-	-	-	-	-	16	-
Block 36	-	-	-	-	-	-	16	-
Block 37	-	-	-	-	-	-	16	-
Total Comoros	-	-	-	-	-	-	48	-
Tullow Peru Ltd	-	-	149	-	-	-	-	-
Total Peru	-	-	149	-	-	-	-	-
Orinduik	-	-	-	-	-	-	40	-
Total Guyana	-	-	-	-	-	-	40	-
P039	-	-	-	-	-	-	5	-
P060	-	-	-	-	-	-	5	-
P852	-	-	-	-	-	-	5	-
P037	-	-	-	-	-	-	5	-
TOSK	-	-	(31,060)	-	-	-	-	-
Total UK	-	-	(31,060)	-	-	-	20	-

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

Disclosure by government

	Production Entitlements	Production entitlements*	Income taxes	Royalties (cash only)		Dividends		Bonus payments		Licence fees		Infrastructure improvement
	bbls'000	USD'000	USD'000	USD'000		USD'000		USD'000		USD'000		USD'000
The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources	-	768	-	-		-		-		-		-
Total Côte d'Ivoire	-	768	-	-		-		-		-		-
Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy	312	15,881	-	-		-		-		-		-
Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts	-	-	20,744	-		-		-		-		-
Total Equatorial Guinea	312	15,881	20,744	-		-		-		-		-
DGE (General management of taxes)	-	-	78,253	-		-		-		-		-
Gabonese Public Treasury - Ministry of Finance	-	-	-	22,803		-		-		-		-
Total Gabon	-	-	78,253	22,803		-		-		-		-
Ghana National Petroleum Corporation	960	48,864	-	-		-		-		-		-
Ghana Revenue Authority	-	-	31,409	-		-		-		77		3,295
Total Ghana	960	48,864	31,409	-		-		-		77		3,295
Hydrocarbon Fund, République Islamique de Mauritanie	-	-	-	-		-		-		10,000		-
Mauritanian Finance Ministry & Direction of Environmental Commission	-	-	-	-		-		-		35		-
Total Mauritania	-	-	-	-		-		-		10,035		-
Ministry of Petroleum and Energy	-	-	-	-		-		-		93		1
Total Kenya	-	-	-	-		-		-		93		1
Ministry of Mines and Energy	-	-	-		-		-		-		169		-
Total Namibia	-	-	-		-		-		-		169		-
Ministry of Energy and Minerals Development	-	-	-		-		-		-		158		-
Total Uganda	-	-	-		-		-		-		158		-
Ministry of Energy and Mining	-	-	-		-		-		-		62		-
Total Argentina	-	-	-		-		-		-		62		-
Bureau Geologique des Comores	-	-	-		-		-		-		48		-
Total Comoros	-	-	-		-		-		-		48		-
Superintendencia Nacional de Aduanas y de Administración Tributaria	-	-	149		-		-		-		-		-
Total Peru	-	-	149		-		-		-		-		-
Guyana Geology and Mines Commission (GGMC)	-	-	-		-		-		-		40		-
Total Guyana	-	-	-		-		-		-		40		-
Department of Business, Energy & Industrial Strategy	-	-	-		-		-		-		20		-
Her Majesties Revenue and Customs	-	-	(31,060)		-		-		-		-		-
Total UK	-	-	(31,060)		-		-		-		20		-

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

 

END

 

 

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