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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   Production    Income  Royalties    Dividends   Bonus      Licence  Infrastructure 
                             Entitlement  Entitlements  Taxes   (Cash only)              Payments   Fees     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                             Dividends 
                       Production    entitlements   Income     Royalties                  Bonus    Licence   Infrastructure 
                      entitlements        *          taxes    (cash only)                payments    fees     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        Production       Income     Royalties      Dividends        Bonus       Licence      Infrastructure 
                         Entitlements     entitlements*      taxes        (cash                       payments        fees         improvement 
                                                                          only) 
                       ==============  =================  =========  =============  =============  ============  ===========  ================== 
                          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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END

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June 30, 2020 05:00 ET (09:00 GMT)

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