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Tullow Oil PLC (TLW)

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Tuesday 30 June, 2020

Tullow Oil PLC

Report on Payments to Govts

RNS Number : 2992R
Tullow Oil PLC
30 June 2020
 

Tullow Oil plc

Report on payments to governments for the year 2019

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2019 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 145 to 151 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 
  Entitlement

Production

Entitlements *

Income Taxes

Royalties

(Cash only)


Dividends

  Bonus  Payments

 Licence Fees

Infrastructure Improvements

 

 BBL000

   $000

$000

$000


$000

$000

$000

$000

CI-26 Espoir

-

3,275

-

-


-

-

-

-

Total Cote d'Ivoire

-

3,275

-

-


-

-

-

-

Ceiba

125

7,529

-

-


-

-

-

-

Okume Complex

301

18,111

-

-


-

-

-

-

Tullow Equatorial Guinea Ltd.

-

-

39,970

-


-

-

-

-

Total Equatorial Guinea

426

25,640

39,970

-


-

-

-

-

Echira

-

-

-

2,887


-

-

-

-

Ezanga

-

-

-

4,979


-

-

-

-

Simba

-

-

-

11,978


-

-

-

-

Limande

-

-

-

2,477


-

-

-

-

M'Oba

-

-

-

263


-

-

-

-

Niungo

-

-

-

3,981


-

-

-

-

Tchatamba Marin

-

-

-

10,404


-

-

-

-

Turnix

-

-

-

1,526


-

-

-

-

Oba

-

-

-

1,384


-

-

-

-

Ruche

-

-

-

1,472


-

-

-

-

Tullow Oil Gabon SA

-

-

50,538

-


-

-

-

-

Total Gabon

-

-

50,538

41,351


-

-

-

-

Deep Water Tano

-

-

-

-


-

-

-

-

Jubilee Field Unit area

614

37,984

-

-


-

-

-

372

TEN Development area

526

31,692

-

-


-

-

-

17

Tullow Ghana Ltd.

-

-

75,000

-


-

-

78

1,203

Total Ghana

1,141

68,677

75,000

-


-

-

78

1,592

PSC B (Chinguetti EEA)

-

-

-

-


-

-

35

-

Block C-3

-

-

-

-


-

-

22

-

Total Mauritania

-

-

-

-


-

-

57

-

Block 10BA

-

-

-

-


-

-

347

-

Block 10BB

-

-

-

-


-

-

93

-

Block 13T

-

-

-

-


-

-

19

-

Total Kenya

-

-

-

-


-

-

459

-

PEL 37

-

-

2

-


-

-

-

-

Total Zambia

-

-

2

-


-

-

-

-

PEL 37

-

-

-

-


-

-

151

-

Total Namibia

-

-

-

-


-

-

151

-

Block MLO 114

-

-

-

-


-

-

6

-

Block MLO 119

-

-

-

-


-

-

5

-

Block MLO 122

-

-

-

-


-

-

4

-

Total Argentina

-

-

-

-


-

-

15

-

 

 

 

 

 

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










Tullow Uganda Ltd.

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Orinduik

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

Walton Morant

-

-

-

-

-

-

128

-

Total Jamaica

-

-

-

-

-

-

128

-

Kelvin

-

-

-

-

-

-

2

-

Katy

-

-

-

-

-

-

(1)

-

CMS

-

-

-

-

-

-

1

-

P060

-

-

-

-

-

-

22

-

P039

-

-

-

-

-

-

54

-

P852

-

-

-

-

-

-

91

-

TOSL

-

-

25,705

-

-

-

-

-

TOSK

-

-

24,257

-

-

-

-

-

Total UK

-

-

49,962

-

-

-

169

  -

Tullow Norway

-

-

(38,414)

-

-

-

-

-

Total Norway

-

-

(38,414)

-

-

-

-

-

 

 









 










 










 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.

 

 

 

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

 










 

Ministry of Energy & Mining

-

-

-

-

-

-

15

-

 

Total Argentina

-

-

-

-

-

-

15

-

 

The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources

-

3,275

-

-

-

-

-

-

 

Total Côte d'Ivoire

-

3,275

-

-

-

-

-

-

 

Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy

-

18,511

-

-

-

-

-

-

 

Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts

-

-

39,570

-

-

-

-

-

 

Total Equatorial Guinea

-

18,511

39,570

-

-

-

-

-

 

DGE (General management of taxes)

-

-

50,538

-

-

-

-

-

 

Gabonese Public Treasury - Ministry of Finance

-

-

-

41,352

-

-

-

-

 

Total Gabon

-

-

50,538

41,352

-

-

-

-

 

Ghana National Petroleum Corporation

1,141

68,677

-

-

-

-

-

-

 

Ghana Revenue Authority

-

-

75,000

-

-

-

78

1,592

 

Total Ghana

1,141

68,677

75,000

-

-

-

78

1,592

 

Hydrocarbon Fund, République Islamique de Mauritanie

-

-

-

-

-

-

35

-

 











bbls'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

Mauritanian Finance Ministry & Direction of Environmental Commission

-

-

-

-

-

-

22

-

Total Mauritania

-

-

-

-

-

-

57

-

Ministry of Energy and Petroleum

-

-

-

-

-

-

-

459

Total Kenya

-

-

-

-

-

-

-

459

Ministry of Mines and Energy

-

-

-

-

-

-

151

-

Total Namibia

-

-

-

-

-

-

151

-

Zambia Revenue Authority

-

-

2

-

-

-

-

-

Total Zambia

-

-

2

-

-

-

-

-

Ministry of Energy and Minerals Development

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Guyana Geology and Mines Commission (GGMC)

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

Petroleum Corporation of Jamaica

-

-

-

-

-

-

128

-

Total Jamaica

-

-

-

-

-

-

128

-

Belastingdienst

-

-

-

-

-

-

-

-

Total Netherlands

-

-

-

-

-

-

-

-

Norwegian Tax Administration.

-

-

(38,414)

-

-

-

-

-

Total Norway

-

-

(38,414)

-

-

-

-

-

Department of Business, Energy & Industrial Strategy

-

-

-

-

-

-

169

-

Her Majesties Revenue and Customs

-

-

(49,962)

-

-

-

-

-

Total UK

-

-

(49,962)

-

-

-

169

-

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.

 


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