29 May 2020 15:00
PREMIER OIL PLC
("Premier" or the "Company")
Report on Payments to Governments for the year ended 31 December 2019
Premier 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 2019 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).
This information, together with the basis of preparation, can also be found on pages 176 and 177 of the 2019 Annual Report and Financial Statements which is available to download at: https://www.premieroil.com/investors/results-centre
Payments by Licence | ||||||||||
Country | Licence/company level | Production entitlements | Production entitlements | Income taxes | Royalties (cash only) | Dividends | Bonus payments | Licence fees | Infrastructure improvement payments | Total |
bbls (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | ||
Falkland Islands |
Sealion | - | - | - |
- |
- |
- |
375 | - |
375 |
Total Falkland Islands | - | - | - |
- |
- |
- |
375 | - | 375 | |
Indonesia |
Natuna Sea Block A | 2,958 | 162,005 | 25,026 |
- |
- |
- |
- | - | 187,031 |
Total Indonesia | 2,958 | 162,005 | 25,026 |
- |
- |
- |
- | - | 187,031 | |
Mexico |
Block 11 | - | - | - |
- |
- |
- |
826 | - | 826 |
Block 13 | - | - | - |
- |
- |
- |
827 | - | 827 | |
Total Mexico | - | - | - | - | - | - | 1,653 | - | 1,653 | |
United Kingdom |
Johnston | - | - | - |
- |
- |
- |
242 | - | 242 |
Huntington | - | - | - |
- |
- |
- |
246 | - | 246 | |
Brenda | - | - | - |
- |
- |
- |
170 | - | 170 | |
Catcher | - | - | - |
- |
- |
- |
781 | - | 781 | |
Tolmount | - | - | - |
- |
- |
- |
830 | - | 830 | |
Corporate | - | - | (440) |
- |
- |
- |
- | - | (440) | |
Total UK | - | - | (440) |
- |
- |
- |
2,269 | - | 1,829 | |
Vietnam |
Chim Sao | 640 | 37,972 | - |
- |
- |
456 |
- | - | 38,428 |
Corporate | - | - | 53,363 |
13,294 | - | - | - | - | 66,657 | |
Total Vietnam | 640 | 37,972 | 53,363 |
13,294 |
- |
456 | - | - | 105,085 | |
Total Group | 3,598 | 199,977 | 77,949 |
13,294 | - |
456 |
4,297 | - | 295,973 | |
Payments by Government | ||||||||||
Country | Government | Production entitlements | Production entitlements | Income taxes | Royalties (cash only) | Dividends | Bonus payments | Licence fees | Infrastructure improvement payments | Total |
bbls (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | US$ (000) | ||
Falkland Islands | Falkland Island Government - Department of Mineral Resources | - | - | - |
- |
- |
- |
375 | - | 375 |
Total Falkland Islands | - | - | - |
- |
- |
- |
375 | - | 375 | |
Indonesia | SKK Migas | 2,958 | 162,005 | - |
- |
- |
- |
- | - | 162,005 |
Directorate General of Taxes | - | - | 25,026 |
- |
- |
- |
- | - | 25,026 | |
Total Indonesia | 2,958 | 162,005 | 25,026 |
- |
- |
- |
- | - | 187,031 | |
Mexico | Fondo Mexicano del Petróleo para la Estabilización y el Desarrollo (FMP) | - | - | - |
- |
- |
- |
661 | - | 661 |
Servicio de Administración Tributaria (SAT) | - | - | - |
- |
- |
- |
992 | - | 992 | |
Total Mexico | - | - | - |
- |
- |
- |
1,653 | - | 1,653 | |
United Kingdom | HM Revenue & Customs | - | - | (440) |
- |
- |
- |
- | - | (440) |
Oil and Gas Authority | - | - | - |
- |
- |
- |
2,269 | - | 2,269 | |
Total UK | - | - | (440) |
- |
- |
- |
2,269 | - | 1,829 | |
Vietnam | Petro Vietnam | 640 | 37,972 | - |
- |
- |
456 |
- | - | 38,428 |
HCM Tax Department | - | - | 53,363 |
9,463 |
- |
- |
- | - | 62,826 | |
Vung Tau Customs office | - | - | - |
3,831 |
- |
- |
- | - | 3,831 | |
Total Vietnam | 640 | 37,972 | 53,363 |
13,294 |
- |
456 |
- | - | 105,085 | |
Total Group | 3,598 | 199,977 | 77,949 |
13,294 |
- |
456 |
4,297 | - | 295,973 | |
Enquiries:
Premier Oil plc
Mike Karaiskos, Group Financial Controller Tel: +44 (0)20 78241071Elizabeth Brooks, Investor Relations Tel: +44 (0)20 7824 1116