27 Jun 2017 11:00
PREMIER OIL PLC
("Premier" or the "Company")
Report on Payments to Governments for the year ended 31 December 2016
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 2016 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 177 and 178 of the 2016 Annual Report and Financial Statements which is available to download at: http://www.premier-oil.com/premieroil/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) |
Brazil | CE-M-665-R11 | - | - | - | - | - | - | 178 | - | 178 |
| CE-M-717-R11 | - | - | - | - | - | - | 115 | - | 115 |
| Total Brazil | - | - | - | - | - | - | 293 | - | 293 |
Falkland Islands | Sea Lion | - | - | - | - | - | - | 375 | - | 375 |
| Corporate | - | - | - | - | - | - | 140 | - | 140 |
| Total Falkland Islands | - | - | - | - | - | - | 515 | - | 515 |
Indonesia | Natuna Sea Block A | 3,702 | 122,792 | - | - | - | - | - | - | 126,494 |
| Corporate | - | - | 30,437 | - | - | - | - | - | 30,437 |
| Total Indonesia | 3,702 | 122,792 | 30,437 | - | - | - | - | - | 156,931 |
Pakistan | Bhit/Badhra | - | - | - | 1,382 | - | - | - | - | 1,382 |
| Zarghun South | - | - | - | 118 | - | - | - | - | 118 |
| Kadanwari | - | - | - | 659 | - | - | - | - | 659 |
| Zamzama | - | - | - | 617 | - | - | - | - | 617 |
| Qadipur | - | - | - | 1,435 | - | - | - | - | 1,435 |
| Corporate | - | - | 8,800 | - | - | - | - | - | 8,800 |
| Total Pakistan | - | - | 8,800 | 4,211 | - | - | - | - | 13,011 |
United Kingdom | Wytch Farm | - | - | 506 | - | - | - | - | - | 506 |
| P354 | - | - | - | - | - | - | 140 | - | 140 |
| Catcher | - | - | - | - | - | - | 530 | - | 530 |
| Babbage | - | - | - | - | - | - | 403 | - | 403 |
| Rita | - | - | - | - | - |
| 174 | - | 174 |
| P1812 | - | - | - | - | - | - | 184 | - | 184 |
| P2271 Lyra | - | - | - | - | - | - | 153 | - | 153 |
| Tolmount | - | - | - | - | - | - | 262 | - | 262 |
| Corporate | - | - | (1,335) | - | - | - | - | - | (1,335) |
| Total UK | - | - | (829) | - | - | - | 1,846 | - | 1,017 |
Vietnam | Chim Sao | 509 | 19,586 | - | - | - | 450 | - | - | 20,545 |
| Corporate | - | - | 28,137 | 15,496 | - | - | - | - | 43,633 |
| Total Vietnam | 509 | 19,586 | 28,137 | 15,496 | - | 450 | - | - | 64,178 |
Total Group |
| 4,211 | 142,378 | 66,545 | 19,707 | - | 450 | 2,654 | - | 235,945 |
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) |
Brazil | National Petroleum Agency | - | - | - | - | - | - | 293 | - | 293 |
| Total Brazil | - | - | - | - | - | - | 293 | - | 293 |
Falkland Islands | Department of Mineral Resources | - | - | - | - | - | - | 515 | - | 515 |
| Total Falkland Islands | - | - | - | - | - | - | 515 | - | 515 |
Indonesia | SKK Migas | 3,702 | 122,792 | - | - | - | - | - | - | 126,494 |
| Directorate General of Taxes | - | - | 30,437 | - | - | - | - | - | 30,437 |
| Total Indonesia | 3,702 | 122,792 | 30,437 | - | - | - | - | - | 156,931 |
Pakistan | Federal Board of Revenue | - | - | 8,800 | - | - | - | - | - | 8,800 |
| Directorate General of Petroleum Concession | - | - | - | 4,211 | - | - | - | - | 4,211 |
| Total Pakistan | - | - | 8,800 | 4,211 | - | - | - | - | 13,011 |
United Kingdom | HM Revenue & Customs | - | - | (829) | - | - | - | - | - | (829) |
| Department of Energy and Climate Change | - | - | - | - | - | - | 1,846 | - | 1,846 |
| Total UK | - | - | (829) | - | - | - | 1,846 | - | 1,017 |
Vietnam | Petro Vietnam | 509 | 19,586 | - | - | - | 450 | - | - | 20,545 |
| HCM Tax Department | - | - | 28,137 | 8,604 | - | - | - | - | 36,741 |
| Vung Tau Customs office | - | - | - | 6,892 | - | - | - | - | 6,892 |
| Total Vietnam | 509 | 19,586 | 28,137 | 15,496 | - | 450 | - | - | 64,178 |
Total Group |
| 4,211 | 142,378 | 66,545 | 19,707 | - | 450 | 2,654 | - | 235,945 |
Enquiries:
Premier Oil plc Tel: 020 7730 1111
Mike Karaiskos, Group Financial ControllerNatalie Fortescue, Investor Relations