Last checked at 28 Jun 2017 09:00
28 June 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Report on payments to governments for the year ended 31 December 2016
Cairn has prepared the following report in respect of payments made to governments during the year ended 31 December 2016. The information provided in this report is in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules.
The payments disclosed in accordance with the regulations are payments made or received from national governments on a cash basis, and are shown based on where the obligation for the payment arose - i.e. at a project or corporate level.
This report is available to download from our website: http://www.cairnenergy.com
Disclosure by licence and country
| Produc-tion entitle-ments | Produc-tion entitle-ments* | Taxes | Royalties | Dividends | Bonus payments | Licence fees | Infras-tructure improve-ments |
| bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 |
FEL 1/14 | - | - | - | - | - | - | 36 | - |
LO 16/18 | - | - | - | - | - | - | 49 | - |
Corporate | - | - | - | - | - | - | 28 | - |
Total, Ireland | - | - | - | - | - | - | 113 | - |
P2149 (Block 9/6) | - | - | - | - | - | - | 5 | - |
Total, UK | - | - | - | - | - | - | 5 | - |
Corporate | - | - | (35,468) | - | - | - | 105 | - |
Total, Norway | - | - | (35,468) | - | - | - | 105 | - |
Sangomar-Rufisque | - | - | - | - | - | - | 107 | - |
Total, Senegal | - | - | - | - | - | - | 107 | - |
Disclosure by Government
| Produc-tion entitle-ments | Produc-tion entitle-ments* | Taxes | Royalties | Dividends | Bonus payments | Licence fees | Infras-tructure improve-ments |
| bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 |
Department of Communications, Energy and Natural Resources | - | - | - | - | - | - | 113 | - |
Total, Ireland | - | - | - | - | - | - | 113 | - |
Department of Energy and Climate Change | - | - | - | - | - | - | 5 | - |
Total, UK | - | - | - | - | - | - | 5 | - |
Oljedirektoratet | - | - | - | - | - | - | 105 | - |
Skatteetaten | - | - | (35,468) | - | - | - | - | - |
Total, Norway | - | - | (35,468) | - | - | - | 105 | - |
Société des pétroles du Sénégal | - | - | - | - | - | - | 107 | - |
Total, Senegal | - | - | - | - | - | - | 107 | - |
Enquiries to:
Analysts / Investors
David Nisbet, Corporate Affairs Tel: 0131 475 3000
Media
Linda Bain, Corporate Affairs Tel: 0131 475 3000Cairn Energy PLC
Patrick Handley, David Litterick Tel: 0207 404 5959
Brunswick Group LLP
NOTES TO EDITORS
Cairn is one of Europe's leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange. Cairn has discovered and developed oil and gas reserves in a variety of locations around the world.
Cairn's business operations are now focused on frontier exploration acreage in North West Europe, North West Africa and the North Atlantic, underpinned by interests in development assets in the North Sea. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Norway and Senegal.
Cairn and Corporate Responsibility
Ø Cairn is a signatory to the UN Global Compact and our core values of respect, responsibility, relationships and our commitments towards people, the environment and society are enshrined in our Business Principles, which are available on the Cairn website at http://www.cairnenergy.com/index.asp?pageid=282
Ø Cairn became a participating company in the Extractive Industry Transparency Initiative (EITI) in September 2013. The EITI is a coalition of governments, companies and civil society, who have adopted a multi-stakeholder approach to applying the EITI global standard promoting transparency of payments in the oil, gas and mining sectors http://eiti.org/
For further information on Cairn please see: www.cairnenergy.com