TIDMBP.
RNS Number : 1764A
BP PLC
29 May 2019
BP p.l.c.
Report on payments to governments
Year ended 31 December 2018
CONTENTS
INTRODUCTION 3
BASIS OF PREPARATION 3
PAYMENTS OVERVIEW 6
PAYMENTS BY COUNTRY 7
OTHER SOURCES 26
Introduction
BP p.l.c. has prepared the following consolidated report
('Report') on payments to governments 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), (the 'Regulations'). The Report also
addresses BP p.l.c.'s reporting obligations under DTR 4.3A of the
Financial Conduct Authority Disclosure Guidance and Transparency
Rules. The 'Basis of Preparation' section below contains
information about the content of the Report, the types of payments
included and the principles that have been applied in preparing the
Report.
BP's socio-economic contribution
BP makes a broader socio-economic contribution to countries in
which we operate in addition to the payments that are required to
be reported under the Regulations. We also make payments to
governments in connection with parts of our business other than the
Upstream - for example in relation to the transporting, trading,
manufacturing and marketing of oil and gas. As well as government
payments, BP contributes to the economies of the countries in which
we operate by providing jobs for employees and contractors,
purchasing materials from local suppliers and undertaking social
investment activities. See Other Resources section at the end of
the report for more information on our socio-economic contribution
and our position on tax and financial transparency.
BP's position on revenue transparency
BP supports the concept of transparency in revenue flows from
oil and gas activities in resource-rich countries. It helps
citizens of affected countries access the information they need to
hold governments to account for the way they use funds received
through taxes and other agreements.
Basis of Preparation
Under the Regulations, the directors of BP p.l.c. are required
to prepare a consolidated report on payments made to governments
for each financial year in relation to relevant activities of both
BP p.l.c. and any of its subsidiary undertakings included in the
consolidated group accounts. The term 'BP' is used interchangeably
within this report to indicate BP p.l.c. or any subsidiary
undertaking within the scope of the Report.
Activities within the scope of the Report
Payments made to governments that relate to BP's activities
involving the exploration, prospection, discovery, development, and
extraction of minerals, oil, natural gas deposits or other
materials ('extractive activities') are included in this
Report.
Payments made to governments that relate to trading, export
(pipelines), refining and processing activities are not included in
this Report as they are not within the scope of extractive
activities as defined by the Regulations.
Where a payment relates to activities that are reportable under
the Regulations as well as to activities which are not reportable,
BP reports the payment in its entirety if it is not possible to
disaggregate it.
Government
Under the Regulations, a 'government' is defined as any
national, regional or local authority of a country, and includes a
department, agency or undertaking that is a subsidiary undertaking
controlled by such an authority. In some countries, certain local
indigenous organizations fall within this definition of government.
Where this is the case payments made to such organizations have
been included in this Report. Where a state owned enterprise
undertakes activities outside of its home jurisdiction, then it is
not considered to be a government.
Cash basis
Payments are reported on a cash basis, meaning that they are
reported in the period in which they are paid, as opposed to being
reported on an accruals basis (which would mean that they were
reported in the period for which the liabilities arise). Refunds
are also reported in the period they are received by BP and are
shown as negative amounts in the Report. Where payments in kind are
made to a government they are valued and footnotes are included to
help explain the valuation method and any related volumes.
Reporting principles
The Regulations require payments to be reported where they are
made to governments by BP p.l.c. and its subsidiary undertakings in
respect of extractive activities. In preparing a report, the
Regulations also require the disclosure of payments to reflect the
substance of each payment and the relevant activity or project
concerned. In light of these requirements BP has assessed its
reporting obligations to be as follows:
-- Where BP has made a payment to a government, such payment is
reported in full, whether made in BP's sole capacity or in BP's
capacity as the operator of a joint venture. Payments made to
governments in connection with joint ventures are included in the
Report if and to the extent that BP makes the relevant payment.
Typically such circumstances will arise where BP is the operator of
the joint venture.
-- Payments made by an incorporated joint venture which is not a
subsidiary of BP are not included within this Report.
-- In some instances, BP is a partner in unincorporated joint
ventures where the role of operator is performed through a
non-typical operatorship model whereby multiple entities contribute
to an unincorporated body which has the role of operator. In
relation to such joint ventures, payments actually made by BP to
the government are reported and payments for which BP has direct
responsibility to the government, but which are paid on its behalf,
are also reported.
-- BP's equity-accounted investments such as Rosneft, Pan
American Energy Group and Aker BP are not BP subsidiaries and
therefore in accordance with the Regulations, payments made by such
entities are not included in this Report.
Project definition
The Regulations require payments to be reported by project (as a
sub category within a country). They define a 'project' as the
operational activities which are governed by a single contract,
licence, lease, concession or similar legal agreement, and form the
basis for payment liabilities with a government. If these
agreements are substantially interconnected, then they can be
treated as a single project. Under the Regulations 'substantially
interconnected' means forming a set of operationally and
geographically integrated contracts, licences, leases or
concessions or related agreements with substantially similar terms
that are signed with a government, giving rise to payment
liabilities. These agreements may themselves be governed by a
single contract, joint venture, production-sharing agreement, or
other overarching legal agreement. Factors used to determine
whether contracts or licences are operationally and geographically
integrated may include their common management framework, proximity
and use of common infrastructure. The number of projects will
depend on the contractual arrangements within a country and not
necessarily on the scale of activities. Moreover, a project will
only appear in this report where relevant payments occurred during
the year in relation to that project.
The Regulations acknowledge that for some payments it may not be
possible to attribute a payment to a single project and therefore
such payments may be reported at the country level. Corporate
income taxes, which are typically not levied at a project level,
are an example of this.
Materiality threshold
The Regulations require that payments made as a single payment
exceeding GBP86,000 or as part of a series of related payments
within a financial year exceeding GBP86,000 be included in this
Report.
Reporting currency
All payments have been reported in US dollars. Payments made in
currencies other than US dollars are typically translated at the
exchange rate at the date of payment.
Payment types
The Regulations define a "Payment" as an amount paid whether in
money or in kind, for relevant activities where the payment is of
any one of the types listed below:
Production entitlements
Under production-sharing agreements (PSAs) the production is
shared between the host government and the other parties to the
PSA. The host government typically receives its share or
entitlement in kind rather than being paid in cash. In this Report
such production entitlements volumes to the government are reported
on a lifting basis i.e. when the government takes possession of its
share of production. A market value is applied, usually using the
valuation method from the relevant PSA. For joint ventures in which
BP is the operator, government production entitlements are reported
in their entirety, in accordance with the notes above. Where the
national oil company (NOC) is also an equity partner in the joint
venture, their production entitlement is reported in addition to
the government share of production as the concessionaire. The NOC's
entitlement as a partner will include both their share of
production as investor's return as well as their entitlement for
the reimbursement of their costs.
Taxes
The Report includes taxes levied on income, production or
profits or withheld from dividends, royalties and interest received
by BP. In addition, taxes paid on behalf of BP by the NOC out of
production entitlements are reported. Taxes levied on consumption,
personnel, sales, procurement (contractor's withholding taxes),
environmental, property, customs and excise are not reportable
under the Regulations.
Royalties
These may be paid in cash or in kind (valued in the same way as
production entitlement).
Fees
In preparing this Report BP has included licence fees, rental
fees, entry fees and all other payments that are paid in
consideration for new and existing licences and/or concessions.
Fees paid to governments for administrative services are
excluded.
Bonuses
Signature, discovery and production bonuses and other bonuses
payable under licences or concession agreements are included in the
Report.
Infrastructure improvements
Such payments include a road or a building provided by BP that
forms part of the fundamental facilities and systems serving a
community or area. These payments are included in the Report
whether or not BP is contractually obliged to fund them, and are
reported when the relevant assets are handed over to the government
or the local community.
Dividends
These are dividends that are paid in lieu of production
entitlements or royalties. Dividends paid by BP to a government as
an ordinary shareholder are excluded. For the year ended 31
December 2018, there were no reportable dividend payments to a
government.
Other considerations
The payments shown in this report are rounded to the nearest
$0.1 million. In the following tables because of rounding, some
totals may not agree exactly with the sum of their component parts.
Amounts are shown to the nearest dollar in the data submitted and
available on the UK Companies House website.
Payments overview
The table below shows the relevant payments to governments made
by BP in the year ended 31 December 2018 shown by country and
payment type.
Of the seven payment types required by the UK regulations, BP
did not pay any relevant dividends and therefore the category is
not shown.
$ million
Production Infrastructure
Country Entitlements Taxes Royalties Fees Bonuses Improvements Total
====================== ============= ======== ========== ====== ======== =============== =========
Algeria 178.8 0.1 178.9
====================== ============= ======== ========== ====== ======== =============== =========
Angola 1,970.6 668.0 45.1 2,683.8
====================== ============= ======== ========== ====== ======== =============== =========
Australia 361.6 146.1 507.8
====================== ============= ======== ========== ====== ======== =============== =========
Azerbaijan 12,352.6 206.2 2.4 450.0 13,011.2
====================== ============= ======== ========== ====== ======== =============== =========
Brazil 0.3 0.1 108.2 108.7
====================== ============= ======== ========== ====== ======== =============== =========
Canada (6.3) 3.0 (3.3)
====================== ============= ======== ========== ====== ======== =============== =========
Côte d'Ivoire 3.8 3.8
====================== ============= ======== ========== ====== ======== =============== =========
Egypt 265.1 50.6 17.1 332.8
====================== ============= ======== ========== ====== ======== =============== =========
India 0.5 0.7 1.2
====================== ============= ======== ========== ====== ======== =============== =========
Indonesia 723.1 263.0 986.1
====================== ============= ======== ========== ====== ======== =============== =========
Iraq 106.1 14.4 1.2 121.7
====================== ============= ======== ========== ====== ======== =============== =========
Madagascar 0.8 0.8
====================== ============= ======== ========== ====== ======== =============== =========
Mauritania 1.2 1.2
====================== ============= ======== ========== ====== ======== =============== =========
Mexico 2.8 2.2 5.0
====================== ============= ======== ========== ====== ======== =============== =========
Oman 935.7 139.0 0.4 1,075.1
====================== ============= ======== ========== ====== ======== =============== =========
Russia 74.6 74.6
====================== ============= ======== ========== ====== ======== =============== =========
São Tomé
and Príncipe 4.5 5.9 10.4
====================== ============= ======== ========== ====== ======== =============== =========
Senegal 0.7 0.7
====================== ============= ======== ========== ====== ======== =============== =========
Trinidad and Tobago 73.0 284.1 3.4 360.5
====================== ============= ======== ========== ====== ======== =============== =========
United Arab Emirates 3,992.2 5.5 3,997.7
====================== ============= ======== ========== ====== ======== =============== =========
United Kingdom (106.4) 7.7 (98.7)
====================== ============= ======== ========== ====== ======== =============== =========
United States 28.5 345.1 1,333.8 9.4 28.3 1,745.0
====================== ============= ======== ========== ====== ======== =============== =========
Total 16,084.0 6,774.3 1,479.9 107.1 613.3 46.3 25,104.9
====================== ============= ======== ========== ====== ======== =============== =========
Payments BY COUNTRY
Algeria
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============== ========= ========== ===== ======== =============== ======
Ministère des
Finances - Direction
Générale
des Impôts (a)178.8 178.8
======================================= ========= ========== ===== ======== =============== ======
Sonatrach 0.1 0.1
======================================= ========= ========== ===== ======== =============== ======
Total 178.8 0.1 178.9
======================================= ========= ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========== ============== ========= ========== ===== ======== =============== ======
In Amenas (b)119.8 0.1 120.0
=========================== ========= ========== ===== ======== =============== ======
In Salah (c)59.0 59.0
=========================== ========= ========== ===== ======== =============== ======
Total 178.8 0.1 178.9
=========================== ========= ========== ===== ======== =============== ======
(a) Includes $156.5 million of taxes settled by Sonatrach on BP's behalf
out of production entitlement, pursuant to the relevant agreements.
(b) Includes $97.6 million of taxes settled by Sonatrach on BP's behalf
out of production entitlement, pursuant to the relevant agreements.
(c) Pursuant to the relevant agreements, Sonatrach paid these taxes on
BP's behalf out of production entitlements.
Angola
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
============================== ============= ====== ========== ===== ======== =============== ========
Adminstracao Geral
Tributaria 9.5 9.5
============================== ============= ====== ========== ===== ======== =============== ========
Finance Ministry 650.5 650.5
============================== ============= ====== ========== ===== ======== =============== ========
Luanda Province 2.2 2.2
============================== ============= ====== ========== ===== ======== =============== ========
Ministry of Petroleum 8.0 8.0
============================== ============= ====== ========== ===== ======== =============== ========
Moxico-Luena Province 1.5 1.5
============================== ============= ====== ========== ===== ======== =============== ========
Sonangol EP (Concessionaire) (a)773.3 (c)41.4 814.7
============================== ============= ====== ========== ===== ======== =============== ========
Sonangol P&P (b)1,197.3 1,197.3
============================== ============= ====== ========== ===== ======== =============== ========
Total 1,970.6 668.0 45.1 2,683.8
============================== ============= ====== ========== ===== ======== =============== ========
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========== ============= ====== ========== ===== ======== =============== ========
Block 15 161.7 161.7
========== ============= ====== ========== ===== ======== =============== ========
Block 17 280.2 280.2
========== ============= ====== ========== ===== ======== =============== ========
Block 18 (d)550.7 111.6 (c)20.9 683.1
========== ============= ====== ========== ===== ======== =============== ========
Block 24 0.1 0.1
========== ============= ====== ========== ===== ======== =============== ========
Block 31 (e)1,419.9 114.4 (f)24.3 1,558.6
========== ============= ====== ========== ===== ======== =============== ========
Total 1,970.6 668.0 45.1 2,683.8
========== ============= ====== ========== ===== ======== =============== ========
Payments in kind for 11.0 million bbls of crude oil valued per the
(a) Production Sharing Agreement.
(b) Payments in kind for 17.1 million bbls of crude oil valued per the
Production Sharing Agreement.
(c) Torres do Carmo apartments handed back to the Concessionaire valued
at Net Book Value.
(d) Payments in kind for 7.8 million bbls of crude oil valued per the
Production Sharing Agreement.
(e) Payments in kind for 20.3 million bbls of crude oil valued per the
Production Sharing Agreement.
(f) Includes $20.5 million for Torres do Carmo apartments handed back
to the Concessionaire valued at Net Book Value.
Australia
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== ====== ========== ===== ======== =============== ======
Australian Taxation
Office 361.6 361.6
======================================== ====== ========== ===== ======== =============== ======
Department of Mines,
Industry
Regulation and Safety 146.1 146.1
======================================== ====== ========== ===== ======== =============== ======
Total 361.6 146.1 507.8
======================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
North West Shelf 46.2 146.1 192.4
=========================================== ====== ========== ===== ======== =============== ======
Payments not attributable
to projects 315.4 315.4
=========================================== ====== ========== ===== ======== =============== ======
Total 361.6 146.1 507.8
=========================================== ====== ========== ===== ======== =============== ======
Azerbaijan
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
===================== ============= ====== ========== ===== ======== =============== =========
Azerbaijan (ACG)
Ltd. (SOCAR
subsidiary) (a)1,091.0 1,091.0
===================== ============= ====== ========== ===== ======== =============== =========
Azerbaijan (Shah
Deniz) Ltd.
(SOCAR subsidiary) (b)248.2 248.2
===================== ============= ====== ========== ===== ======== =============== =========
Ministry of Taxes 206.2 206.2
===================== ============= ====== ========== ===== ======== =============== =========
SGC Upstream LLC (c)165.1 165.1
===================== ============= ====== ========== ===== ======== =============== =========
State Oil Company
of Azerbaijan
Republic (SOCAR) (d)140.5 140.5
===================== ============= ====== ========== ===== ======== =============== =========
State Oil Fund of
Azerbaijan
(SOFAZ) (e)10,707.8 2.4 450.0 11,160.3
===================== ============= ====== ========== ===== ======== =============== =========
Total 12,352.6 206.2 2.4 450.0 13,011.2
===================== ============= ====== ========== ===== ======== =============== =========
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============= ====== ========== ===== ======== =============== =========
Azeri-Chirag-Deepwater
Guneshli - PSA (f)11,399.2 206.2 450.0 12,055.3
======================== ============= ====== ========== ===== ======== =============== =========
Shafag-Asiman - PSA 2.1 2.1
======================== ============= ====== ========== ===== ======== =============== =========
Shah Deniz - PSA (g)953.4 953.4
======================== ============= ====== ========== ===== ======== =============== =========
Shallow Water Absheron
Peninsula (SWAP)
PSA 0.3 0.3
========================= ============= ====== ========== ===== ======== =============== =========
Total 12,352.6 206.2 2.4 450.0 13,011.2
======================== ============= ====== ========== ===== ======== =============== =========
(a) Payments in kind for 16.0 million bbls of crude oil valued at netback
value per the Production Sharing Agreement.
(b) Includes payments in kind of $113.9 million for 1.7 million bbls
of crude oil valued at netback value per the Production Sharing Agreement
and the remaining production entitlement was paid in cash.
(c) Includes payments in kind of $75.5 million for 1.1 million bbls of
crude oil valued at netback value per the Production Sharing Agreement
and the remaining production entitlement was paid in cash.
(d) Includes payments in kind of $140.5 million for 2.3 billion cubic
meters of associated residue natural gas valued on the basis of gas
prices realized in a similar Azerbaijani project.
(e) Includes payments in kind of $10,282.7 million for 150.5 million
bbls of crude oil valued at netback value per the Production Sharing
Agreement and the remaining production entitlement was paid in cash.
(f) Includes payments in kind of $11,122.0 million for 162.7 million
bbls of crude oil valued at netback value per the Production Sharing
Agreement and payments in kind of $140.5 million for 2.3 billion
cubic meters of associated residue natural gas valued on the basis
of gas prices realized in a similar Azerbaijani project and the remaining
production entitlement was paid in cash.
(g) Includes payments in kind of $441.2 million for 6.7 million bbls
of crude oil valued at netback value per the Production Sharing Agreement
and the remaining production entitlement was paid in cash.
Brazil
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
================================= ============== ====== ========== ===== ======== =============== ======
Agencia Nacional
do Petroleo, Gas
Natural e Biocombustíveis
(ANP) 108.2 108.2
================================================= ====== ========== ===== ======== =============== ======
Petrobras 0.1 0.1
================================================= ====== ========== ===== ======== =============== ======
Secretaria da Receita
Federal 0.3 0.3
================================================= ====== ========== ===== ======== =============== ======
Total 0.3 0.1 108.2 108.7
================================================= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
================== ============== ====== ========== ===== ======== =============== ======
BM-C-35 0.1 0.1
================================== ====== ========== ===== ======== =============== ======
CM-755 6.2 6.2
================================== ====== ========== ===== ======== =============== ======
CM-793 6.2 6.2
================================== ====== ========== ===== ======== =============== ======
Dois Irmãos 29.1 29.1
================================== ====== ========== ===== ======== =============== ======
FZA-M-59 0.3 0.3
Pau Brasil 66.7 66.7
Total 0.3 0.1 108.2 108.7
================================== ====== ========== ===== ======== =============== ======
Canada
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== ====== ========== ===== ======== =============== ======
Canada Nova Scotia
Offshore
Petroleum Board
(CNSOPB) 2.2 2.2
======================================== ====== ========== ===== ======== =============== ======
Government of Canada (6.3) 0.4 (5.9)
======================================== ====== ========== ===== ======== =============== ======
Province of Alberta 0.3 0.3
======================================== ====== ========== ===== ======== =============== ======
Kwilmu Kw Maw Klusuaqn 0.1 0.1
======================================== ====== ========== ===== ======== =============== ======
Total (6.3) 3.0 (3.3)
======================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
Newfoundland Exploration 0.2 0.2
=========================================== ====== ========== ===== ======== =============== ======
Nova Scotia Exploration 2.4 2.4
=========================================== ====== ========== ===== ======== =============== ======
Terre De Grace 0.4 0.4
=========================================== ====== ========== ===== ======== =============== ======
Payments not attributable
to projects (6.3) (6.3)
=========================================== ====== ========== ===== ======== =============== ======
Total (6.3) 3.0 (3.3)
=========================================== ====== ========== ===== ======== =============== ======
Côte d'Ivoire
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
==================== ============== ======= =========== ====== ======== =============== ======
Direction Generale
des Impots 3.8 3.8
================================================================== ======== =============== ======
Total 3.8 3.8
================================================================== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========== ============== ======= =========== ====== ======== =============== ======
Block 526 0.8 0.8
========================================================= ======== =============== ======
Block 602 0.8 0.8
========================================================= ======== =============== ======
Block 603 0.8 0.8
========================================================= ======== =============== ======
Block 707 0.8 0.8
========================================================= ======== =============== ======
Block 708 0.8 0.8
========================================================= ======== =============== ======
Total 3.8 3.8
========================================================= ======== =============== ======
Egypt
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== ========= ========== ===== ======== =============== ======
Egyptian Natural
Gas Holding
Company (EGAS) 50.6 0.3 50.8
======================================== ========= ========== ===== ======== =============== ======
Egyptian General
Petroleum
Corporation (EGPC) 16.9 16.9
======================================== ========= ========== ===== ======== =============== ======
Egyptian Tax Authority (a)265.1 265.1
======================================== ========= ========== ===== ======== =============== ======
Total 265.1 50.6 17.1 332.8
======================================== ========= ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========================= ============== ========= ========== ===== ======== =============== ======
Baltim (a)11.0 11.0
========================================= ========= ========== ===== ======== =============== ======
East Morgan (a)4.0 4.0
========================================= ========= ========== ===== ======== =============== ======
East Tanka (a)2.5 2.5
========================================= ========= ========== ===== ======== =============== ======
El Matareya 0.3 0.3
========================================= ========= ========== ===== ======== =============== ======
El Qaraa (a)60.1 12.5 72.6
========================================= ========= ========== ===== ======== =============== ======
Gulf of Suez (a)18.4 18.4
========================================= ========= ========== ===== ======== =============== ======
LL 87 (Saqqara) (a)9.5 9.5
========================================= ========= ========== ===== ======== =============== ======
North Alexandria (a)126.7 126.7
========================================= ========= ========== ===== ======== =============== ======
North East Ramadan 4.1 4.1
========================================= ========= ========== ===== ======== =============== ======
North El Max 8.9 8.9
========================================= ========= ========== ===== ======== =============== ======
North El Tabya Offshore 0.2 0.2
========================================= ========= ========== ===== ======== =============== ======
North October (a)1.1 1.1
========================================= ========= ========== ===== ======== =============== ======
North Ras El Esh 0.2 0.2
========================================= ========= ========== ===== ======== =============== ======
North Tennin 32.5 32.5
========================================= ========= ========== ===== ======== =============== ======
North Tineh Offshore 9.1 9.1
========================================= ========= ========== ===== ======== =============== ======
Ras El Bar (a)18.6 18.6
========================================= ========= ========== ===== ======== =============== ======
South Belayim (a)8.5 8.5
========================================= ========= ========== ===== ======== =============== ======
South Gharib (a)4.6 4.6
========================================= ========= ========== ===== ======== =============== ======
Total 265.1 50.6 17.1 332.8
========================================= ========= ========== ===== ======== =============== ======
(a) Pursuant to the relevant agreements, Egyptian General Petroleum Corporation
(EGPC) paid these taxes on BP's behalf out of production entitlement.
India
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============= ====== ========== ===== ======== =============== ======
Ministry of Petroleum
& Natural
Gas - Government
of India 0.5 0.7 1.2
======================= ============= ====== ========== ===== ======== =============== ======
Total 0.5 0.7 1.2
======================= ============= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=================== ============= ====== ========== ===== ======== =============== ======
BB-CBM-2005/III 0.7 0.7
=================== ============= ====== ========== ===== ======== =============== ======
KG D6 KG-DWN-98/3 0.5 0.5
=================== ============= ====== ========== ===== ======== =============== ======
Total 0.5 0.7 1.2
=================== ============= ====== ========== ===== ======== =============== ======
Indonesia
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
===================== ============= ====== ========== ===== ======== =============== ======
Ministry of Finance (a)723.1 263.0 986.1
===================== ============= ====== ========== ===== ======== =============== ======
Total 723.1 263.0 986.1
===================== ============= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========== ============= ====== ========== ===== ======== =============== ======
Tangguh (a)723.1 263.0 986.1
========== ============= ====== ========== ===== ======== =============== ======
Total 723.1 263.0 986.1
========== ============= ====== ========== ===== ======== =============== ======
(a) Includes payments in kind of $93.5 million for 1.4 million bbls of
condensates valued per the Production Sharing Agreement and the remaining
production entitlement for LNG was paid in cash.
Iraq
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
==================== ============== ====== ========== ===== ======== =============== ======
Basra Governorate 1.0 1.0
==================================== ====== ========== ===== ======== =============== ======
Basra Oil Company 1.3 0.2 1.5
==================================== ====== ========== ===== ======== =============== ======
General Commission
for Taxes 106.1 106.1
==================================== ====== ========== ===== ======== =============== ======
Ministry of Oil 13.1 13.1
==================================== ====== ========== ===== ======== =============== ======
Total 106.1 14.4 1.2 121.7
==================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========== ============== ====== ========== ===== ======== =============== ======
Rumaila 106.1 14.4 1.2 121.7
========================== ====== ========== ===== ======== =============== ======
Total 106.1 14.4 1.2 121.7
========================== ====== ========== ===== ======== =============== ======
Madagascar
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
========================== ============== ======= =========== ===== ======== =============== ======
Office des Mines
Nationales et des
Industries Strategiques
(OMNIS) 0.8 0.8
================================================================ ===== ======== =============== ======
Total 0.8 0.8
================================================================ ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Block Ampasindava 0.2 0.2
============================================================= ===== ======== =============== ======
Block Cap Saint Andre 0.2 0.2
============================================================= ===== ======== =============== ======
Block Majunga Nord 0.2 0.2
============================================================= ===== ======== =============== ======
Block Majunga Sud 0.2 0.2
============================================================= ===== ======== =============== ======
Total 0.8 0.8
============================================================= ===== ======== =============== ======
Mauritania
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== ======= =========== ===== ======== =============== ======
Ministry of Petroleum,
Energy &
Mines 1.0 1.0
============================================================== ===== ======== =============== ======
Société
Mauritanienne des
Hydrocarbures 0.2 0.2
============================================================== ===== ======== =============== ======
Total 1.2 1.2
============================================================== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========== ============== ======= =========== ===== ======== =============== ======
Block C12 0.3 0.3
================================================= ===== ======== =============== ======
Block C13 0.3 0.3
================================================= ===== ======== =============== ======
Block C6 0.2 0.2
================================================= ===== ======== =============== ======
Block C8 0.3 0.3
================================================= ===== ======== =============== ======
Total 1.2 1.2
================================================= ===== ======== =============== ======
Mexico
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
Fondo Mexicano del
Petroleo 2.2 2.2
Sistema de Administracion
Tributaria 2.8 2.8
=========================================== ====== ========== ===== ======== =============== ======
Total 2.8 2.2 5.0
=========================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
==================== ============== ====== ========== ===== ======== =============== ======
Cuenca del Sureste
34 R3 0.3 0.2 0.6
==================================== ====== ========== ===== ======== =============== ======
Cuenca Salina 1 R1 2.5 1.9 4.4
==================================== ====== ========== ===== ======== =============== ======
Total 2.8 2.2 5.0
==================================== ====== ========== ===== ======== =============== ======
Oman
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
========================= ============= ========= ========== ===== ======== =============== ========
Makarim Gas Development
(MGD) (a)667.5 667.5
========================= ============= ========= ========== ===== ======== =============== ========
Ministry of Oil &
Gas (b)268.2 0.4 268.6
========================= ============= ========= ========== ===== ======== =============== ========
Ministry of Finance (c)139.0 139.0
========================= ============= ========= ========== ===== ======== =============== ========
Total 935.7 139.0 0.4 1,075.1
========================= ============= ========= ========== ===== ======== =============== ========
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========== ============= ========= ========== ===== ======== =============== ========
Khazzan (a)(b)935.7 (c)139.0 0.4 1,075.1
========== ============= ========= ========== ===== ======== =============== ========
Total 935.7 139.0 0.4 1,075.1
========== ============= ========= ========== ===== ======== =============== ========
(a) Comprises payments in kind of $245.6 million for 3.5 million bbls
of condensates valued at market prices; $420.0 million for 117.7
million mmBtu of gas valued per the Gas Sales Agreement and $1.8
million was paid in cash.
(b) Comprises payments in kind of $100.1 million for 1.4 million bbls
of condensates valued at market prices; $167.4 million for 46.9 million
mmBtu of gas valued per the Gas Sales Agreement and $0.7 million
was paid in cash.
(c) Pursuant to the relevant agreements, the Ministry of Oil and Gas
paid these taxes on BP's behalf out of their production entitlement.
Russia
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
===================== ============== ====== ========== ===== ======== =============== ======
Ministry of Finance
- Moscow 74.6 74.6
===================================== ====== ========== ===== ======== =============== ======
Total 74.6 74.6
===================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
Investment in Rosneft 68.2 68.2
=========================================== ====== ========== ===== ======== =============== ======
Investment in TYNGD
(Taas) 5.2 5.2
Payments not attributable
to projects 1.2 1.2
=========================================== ====== ========== ===== ======== =============== ======
Total 74.6 74.6
=========================================== ====== ========== ===== ======== =============== ======
São Tomé and Príncipe
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Agência Nacional
do Petróleo 4.5 5.9 10.4
============================================================= ===== ======== =============== ======
Total 4.5 5.9 10.4
============================================================= ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
========== ============== ======= =========== ===== ======== =============== ======
Block 10 3.3 2.9 6.3
================================================ ===== ======== =============== ======
Block 13 1.2 2.9 4.1
Total 4.5 5.9 10.4
================================================ ===== ======== =============== ======
Senegal
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Société
des pétroles
du Sénégal 0.7 0.7
============================================================= ===== ======== =============== ======
Total 0.7 0.7
============================================================= ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== ======= =========== ===== ======== =============== ======
Block Cayar Profond 0.4 0.4
============================================================== ===== ======== =============== ======
Block St Louis Profond 0.4 0.4
Total 0.7 0.7
============================================================== ===== ======== =============== ======
Trinidad and Tobago
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
========================= ============= ========= ========== ===== ======== =============== ======
Board of Inland Revenue 59.1 59.1
========================= ============= ========= ========== ===== ======== =============== ======
Ministry of Energy
and
Energy Industries 73.0 (a)224.9 3.4 301.4
========================= ============= ========= ========== ===== ======== =============== ======
Total 73.0 284.1 3.4 360.5
========================= ============= ========= ========== ===== ======== =============== ======
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
============= ============= ========= ========== ===== ======== =============== ======
Block 5B 3.4 3.4
============= ============= ========= ========== ===== ======== =============== ======
BPTT Blocks 73.0 (a)284.1 357.1
============= ============= ========= ========== ===== ======== =============== ======
Total 73.0 284.1 3.4 360.5
============= ============= ========= ========== ===== ======== =============== ======
(a) Due to a legislative change in the basis of calculation, payments
formerly categorised as Royalties are shown under Tax from 2018.
United Arab Emirates
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================= ============== =========== ========== ===== ======== =============== ========
Department of Finance
Abu Dhabi (a)3,992.2 3,992.2
======================================= =========== ========== ===== ======== =============== ========
ADNOC Onshore 5.5 5.5
======================================= =========== ========== ===== ======== =============== ========
Total 3,992.2 5.5 3,997.7
======================================= =========== ========== ===== ======== =============== ========
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============== ========= ========== ===== ======== =============== ========
ADNOC Onshore Concession 3,637.2 5.5 3,642.6
=========================================== ========= ========== ===== ======== =============== ========
ADNOC Offshore Concession (a)355.0 355.0
=========================================== ========= ========== ===== ======== =============== ========
Total 3,992.2 5.5 3,997.7
=========================================== ========= ========== ===== ======== =============== ========
(a) These taxes include $355.0 million paid on BP's behalf by Abu Dhabi
Marine Areas Ltd.
United Kingdom
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
======================== ============== =========== ========== ===== ======== =============== ========
Crown Estate 0.3 0.3
======================================== =========== ========== ===== ======== =============== ========
HM Revenue and Customs (a)(106.4) (106.4)
======================================== =========== ========== ===== ======== =============== ========
Oil and gas Authority 7.4 7.4
======================================== =========== ========== ===== ======== =============== ========
Total (106.4) 7.7 (98.7)
======================================== =========== ========== ===== ======== =============== ========
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
================= ============== ============ =========== ===== ======== =============== =======
Andrew 0.4 0.4
============================================================ ===== ======== =============== =======
Bruce 1.1 1.1
============================================================ ===== ======== =============== =======
Clair 0.5 0.5
============================================================ ===== ======== =============== =======
Decommissioning (a)(8.0) 0.1 (7.8)
================================= ========================= ===== ======== =============== =======
ETAP 0.4 0.4
============================================================ ===== ======== =============== =======
Exploration 0.8 0.8
============================================================ ===== ======== =============== =======
Foinaven 3.4 3.4
============================================================ ===== ======== =============== =======
Non Operated (a)(23.5) 0.4 (23.1)
================================= ========================= ===== ======== =============== =======
Pipelines (a)(75.0) 0.1 (74.9)
================================= ========================= ===== ======== =============== =======
Schiehallion 0.2 0.2
============================================================ ===== ======== =============== =======
Vorlich 0.3 0.3
============================================================ ===== ======== =============== =======
Total (a)(106.4) 7.7 (98.7)
================================= ========================= ===== ======== =============== =======
(a) Net refunds result from the carry back of tax losses, resulting in
a refund of taxes paid in prior years.
United States (USA)
$ million
Production Infrastructure
Governments Entitlements Taxes Royalties Fees Bonuses Improvements Total
Bureau of Land Management 0.1 0.1
=========================== ============= ========== ========== ===== ======== =============== ========
California State
Controller's
Office(a) 0.3 0.3
=========================== ============= ========== ========== ===== ======== =============== ========
Federal Government (b)(97.7) (97.7)
=========================== ============= ========== ========== ===== ======== =============== ========
General Collections
- State of
Delaware(a) 0.5 0.5
=========================== ============= ========== ========== ===== ======== =============== ========
Office of Natural
Resources
Revenue 977.2 7.9 28.3 1,013.3
=========================== ============= ========== ========== ===== ======== =============== ========
Office of Natural
Resources
Revenue - BIA 1.1 0.9 2.0
=========================== ============= ========== ========== ===== ======== =============== ========
Southern Ute Indian
Tribe (c)28.5 6.1 21.2 0.3 56.0
=========================== ============= ========== ========== ===== ======== =============== ========
State of Alaska (d)349.1 (e)319.0 0.3 668.4
=========================== ============= ========== ========== ===== ======== =============== ========
State of Arkansas 1.6 1.6
=========================== ============= ========== ========== ===== ======== =============== ========
State of Colorado 1.6 1.1 2.8
=========================== ============= ========== ========== ===== ======== =============== ========
State of Louisiana 9.5 0.6 10.1
=========================== ============= ========== ========== ===== ======== =============== ========
State of New Mexico 16.4 1.6 17.9
=========================== ============= ========== ========== ===== ======== =============== ========
State of Oklahoma 14.5 1.6 16.1
=========================== ============= ========== ========== ===== ======== =============== ========
State of Texas 23.4 8.6 32.1
=========================== ============= ========== ========== ===== ======== =============== ========
State of Wyoming 20.5 1.0 21.5
=========================== ============= ========== ========== ===== ======== =============== ========
Total 28.5 345.1 1,333.8 9.4 28.3 1,745.0
--------------------------- ------------- ---------- ---------- ----- -------- --------------- --------
Production Infrastructure
Projects Entitlements Taxes Royalties Fees Bonuses Improvements Total
=========================== ============= =========== ========== ===== ======== =============== ========
Alaska (d)349.1 (e)319.1 1.2 669.4
=========================== ============= =========== ========== ===== ======== =============== ========
Arkansas 1.6 1.6
=========================== ============= =========== ========== ===== ======== =============== ========
Colorado (c)28.5 7.7 23.2 0.3 59.7
=========================== ============= =========== ========== ===== ======== =============== ========
Gulf of Mexico -
Central 891.6 6.1 28.3 926.1
=========================== ============= =========== ========== ===== ======== =============== ========
Gulf of Mexico -
Western 45.1 1.3 46.4
=========================== ============= =========== ========== ===== ======== =============== ========
Louisiana 9.5 0.6 10.1
=========================== ============= =========== ========== ===== ======== =============== ========
New Mexico 16.4 1.7 18.1
=========================== ============= =========== ========== ===== ======== =============== ========
Oklahoma 14.5 1.8 16.3
=========================== ============= =========== ========== ===== ======== =============== ========
Texas 23.4 8.6 32.1
=========================== ============= =========== ========== ===== ======== =============== ========
Wyoming 20.5 1.0 21.5
=========================== ============= =========== ========== ===== ======== =============== ========
Payments not attributable
to projects (b) (97.7) 41.0 0.5 (56.1)
Total 28.5 345.1 1,333.8 9.4 28.3 1,745.0
=========================== ============= =========== ========== ===== ======== =============== ========
(a) Payments to states where BP has no extractive activities relate
to Escheatment of Royalties.
(b) The negative amount reflects the cash payment of current year taxes
for all legal entities which was more than offset by refunds of
taxes for federal losses carried back to prior years.
(c) Payments in kind for 14.0 million mmBtu of gas valued on the basis
of gas prices realized in the area.
(d) Includes $24.4 million of taxes settled by way of Alaska Oil & Gas
Production Tax Credit Certificates.
(e) Includes payments in kind of $186.0 million for 3.0 million bbls
of crude oil valued per the Royalty Settlement Agreement.
Other Resources
BP payments to governments 2018
Detailed data filed with UK Registrar -
extractives.companieshouse.gov.uk/
BP annual and sustainability reporting
BP Sustainability Report - bp.com/sustainability
BP Annual Report and Form 20-F - bp.com/annualreport
Our positions on tax and transparency - bp.com/tax
BP economic impact reports
BP US Economic Impact Report - bp.com/economicimpact-us
BP's Impact on the UK Economy - bp.com/economicimpact-uk
ContactS
London Houston
Press Office David Nicholas Brett Clanton
+44 (0)20 7496 4708 +1 281 366 8346
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END
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