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Report on Payments to Govts

24 Jun 2021 12:00

RNS Number : 0009D
Tullow Oil PLC
24 June 2021
 

Tullow Oil plc

Report on payments to governments for the year 2020

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2020 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 in the Company's Payment to Government Report. This report is available for download from: https://www.tullowoil.com/application/files/7416/1652/0285/2020_Payment_to_Government_Report.pdf

Disclosure by licence and country

 

Production Entitlement

Production

Entitlements*

Income Taxes

Royalties

(Cash only)

Dividends

Bonus Payments

 Licence Fees

Infrastructure Improvement

 

BBL000

$000

$000

$000

$000

$000

$000

$000

CI-26 Espoir

-

768

-

-

-

-

-

-

Total Cote d'Ivoire

-

768

-

-

-

-

-

-

Ceiba

101

5,141

-

-

-

-

-

-

Okume Complex

211

10,740

-

-

-

-

-

-

Tullow Equatorial Guinea Ltd

-

-

20,744

-

-

-

-

-

Total Equatorial Guinea

312

15,881

20,744

-

-

-

-

-

Echira

-

-

-

1,954

-

-

-

-

Ezanga

-

-

-

3,093

-

-

-

-

Limande

-

-

-

1,620

-

-

-

-

M'Oba

-

-

-

84

-

-

-

-

Niungo

-

-

-

2,327

-

-

-

-

Oba

-

-

-

776

-

-

-

-

Ruche

-

-

-

977

-

-

-

-

Simba

-

-

-

5,391

-

-

-

-

Tchatamba Marin

-

-

-

5,572

-

-

-

-

Turnix

-

-

-

1,009

-

-

-

-

Tullow Oil Gabon SA

-

-

78,253

-

-

-

-

-

Total Gabon

-

-

78,253

22,803

-

-

-

-

Deep Water Tano

-

-

-

-

-

-

59

-

Jubilee Field Unit area

540

27,486

-

-

-

-

-

-

TEN Development area

420

21,378

-

-

-

-

-

68

West Cape Three Points

-

-

-

-

-

-

18

-

Tullow Ghana Ltd

-

-

31,409

-

-

-

-

3,227

Total Ghana

960

48,864

31,409

-

-

-

77

3,295

PSC B (Chinguetti EEA)

-

-

-

-

-

-

35

-

Block C-3

-

-

-

-

-

-

10,000

-

Total Mauritania

-

-

-

-

-

-

10,035

-

Block 12B

-

-

-

-

-

-

93

-

Tullow Kenya B.V.

-

-

-

-

-

-

-

1

Total Kenya

-

-

-

-

-

-

93

1

PEL 37

-

-

-

-

-

-

129

-

PEL 90

-

-

-

-

-

-

40

-

Total Namibia

-

-

-

-

-

-

169

-

Tullow Uganda Operation Pty Ltd

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Block MLO 114

-

-

-

-

-

-

25

-

Block MLO 119

-

-

-

-

-

-

19

-

Block MLO 122

-

-

-

-

-

-

18

-

Total Argentina

-

-

-

-

-

-

62

-

 

 

Production entitlements

Production entitlements*

Incometaxes

Royalties

(cash only)

Dividends

Bonus payments

Licencefees

Infrastructure improvement

 

BBL 000

$000

$000

$000

$000

$000

$000

$000

Block 35

-

-

-

-

-

-

16

-

Block 36

-

-

-

-

-

-

16

-

Block 37

-

-

-

-

-

-

16

-

Total Comoros

-

-

-

-

-

-

48

-

Tullow Peru Ltd

-

-

149

-

-

-

-

-

Total Peru

-

-

149

-

-

-

-

-

Orinduik

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

P039

-

-

-

-

-

-

5

-

P060

-

-

-

-

-

-

5

-

P852

-

-

-

-

-

-

5

-

P037

-

-

-

-

-

-

5

-

TOSK

-

-

(31,060)

-

-

-

-

-

Total UK

-

-

(31,060)

-

-

-

20

-

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

 

Disclosure by government

ProductionEntitlements

Production entitlements*

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fees

Infrastructure improvement

 

bbls'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

USD'000

 

 

The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources

-

768

-

-

-

-

-

-

 

Total Côte d'Ivoire

-

768

-

-

-

-

-

-

 

Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy

312

15,881

-

-

-

-

-

-

 

Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts

-

-

20,744

-

-

-

-

-

 

Total Equatorial Guinea

312

15,881

20,744

-

-

-

-

-

 

DGE (General management of taxes)

-

-

78,253

-

-

-

-

-

 

Gabonese Public Treasury - Ministry of Finance

-

-

-

22,803

-

-

-

-

 

Total Gabon

-

-

78,253

22,803

-

-

-

-

 

Ghana National Petroleum Corporation

960

48,864

-

-

-

-

-

-

 

Ghana Revenue Authority

-

-

31,409

-

-

-

77

3,295

 

Total Ghana

960

48,864

31,409

-

-

-

77

3,295

 

Hydrocarbon Fund, République Islamique de Mauritanie

-

-

-

-

-

-

10,000

-

 

Mauritanian Finance Ministry & Direction of Environmental Commission

-

-

-

-

-

-

35

-

 

Total Mauritania

-

-

-

-

-

-

10,035

-

 

Ministry of Petroleum and Energy

-

-

-

-

-

-

93

1

 

Total Kenya

-

-

-

-

-

-

93

1

 

 

 

 

 

 

 

 

 

Ministry of Mines and Energy

-

-

-

-

-

-

169

-

Total Namibia

-

-

-

-

-

-

169

-

Ministry of Energy and Minerals Development

-

-

-

-

-

-

158

-

Total Uganda

-

-

-

-

-

-

158

-

Ministry of Energy and Mining

-

-

-

-

-

-

62

-

Total Argentina

-

-

-

-

-

-

62

-

Bureau Geologique des Comores

-

-

-

-

-

-

48

-

Total Comoros

-

-

-

-

-

-

48

-

Superintendencia Nacional de Aduanas y de Administración Tributaria

-

-

149

-

-

-

-

-

Total Peru

-

-

149

-

-

-

-

-

Guyana Geology and Mines Commission (GGMC)

-

-

-

-

-

-

40

-

Total Guyana

-

-

-

-

-

-

40

-

Department of Business, Energy & Industrial Strategy

-

-

-

-

-

-

20

-

Her Majesties Revenue and Customs

-

-

(31,060)

-

-

-

-

-

Total UK

-

-

(31,060)

-

-

-

20

-

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

 

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END
 
 
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