Tullow Oil PLC Report on Payments to Govts (2992R)
June 30 2020 - 05:00AM
UK Regulatory
TIDMTLW TIDMTTM TIDMTTM
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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