Petrofac Limited Report on Payments to Govts (2245C)
June 24 2016 - 6:37AM
UK Regulatory
TIDMPFC
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 Royalties(2) Fees Total
----------- ------------------------ ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
----------- ----------- ----------- ----------- -----------
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 Royalties(2) Fees Total
----------- ------------------------ ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
----------- ----------- ----------- ----------- -----------
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 Royalties(2) Fees Total
----------- ----------------------- ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
----------- ---------- ----------- ----------- -----------
Chergui 9,910 5 2,674 6 12,590
----------- ---------- ----------- ----------- -----------
Total 9,910 5 2,674 6 12,590
Government Report
Total
Taxes Royalties(2) Fees Payments
----------- ----------------------- ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
----------- ---------- ----------- ----------- -----------
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 GBP86,000, 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 +44 (0)20 7811 4913
Group Head of Communications Petrofac
alison.flynn@petrofac.com
Jonathan Low +44 (0)20 7811 4930
Head of Investor Relations jonathan.low@petrofac.com
Tulchan Communications Group LLP +44 (0)20 7353 4200
Martin Robinson petrofac@tulchangroup.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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