REG - BP PLC - Payments to Govts 2025 Part 1 of 1
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RNS Number : 4253H BP PLC 08 June 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
BP p.l.c.
(Exact name of registrant as specified in its charter)
England & Wales
(Jurisdiction of incorporation)
1-06262
Commission file number
Not Applicable
(IRS Employer Identification No.)
1 St James's Square, London SW1Y 4PD
United Kingdom
(Address of principal executive offices)
Kate Thomson
Tel +44 (0) 20 7496 4000
(Name and telephone number, including area code, of the person to contact in
connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is
being filed, and provide the period to which the information in this form
applies:
☐Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the
reporting period from January 1 to December 31, 2025.
xRule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the
fiscal year ended December 31, 2025.
Section 2-Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Disclosure of payments by resource extraction issuers.
The payment disclosure required by Item 2.01 of Form SD is included as Exhibit
2.01 hereto (the "Report"). The Report has been prepared in accordance with
the United Kingdom's Reports on Payments to Governments Regulations 2014
(2014/3209), as amended by the Reports on Payments to Governments (Amendment)
Regulations 2015 (2015/1928), (the "Regulations"). The Regulations are
recognized by the United States Securities and Exchange Commission as an
alternative reporting regime that satisfies the transparency objections of
Section 13(q) under the Securities Exchange Act of 1934 for purposes of
alternative reporting under Rule 13q-1(c) and paragraph (c) of Item 2.01 of
Form SD. The Report has been delivered to the registrar of companies for
England and Wales as required by the Regulations and is available on the
Companies House website.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
authorized undersigned.
BP p.l.c.
(Registrant)
Dated: 05 June 2026 /s/ KATE THOMSON
Kate Thomson
Chief Financial Officer
Exhibit 2.01
BP p.l.c.
Report on Payments to Governments
Year ended 31 December 2025
Contents
Introduction 2
Basis of preparation 2
Payments overview 5
Payments by country 6
Angola 6
Australia 7
Azerbaijan 8
Brazil 9
Canada 10
Egypt 11
India 12
Indonesia 13
Iraq 14
Libya 15
Mauritania 16
Oman 17
Senegal 18
Trinidad and Tobago 19
United Arab Emirates 20
United Kingdom 21
United States 22
Other resources 23
Introduction
BP p.l.c. has prepared the following consolidated report ('the report') on
payments to governments 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), (the
'Regulations'). The Report also addresses BP p.l.c.'s reporting obligations
under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules. The Basis of preparation section contains information
about the content of the Report, the types of payments included and the
principles that have been applied in preparing the Report.
bp's wider contribution
bp makes a broader socioeconomic contribution to countries in which we operate
in many different ways, beyond the payments that are required to be reported
under the Regulations. bp makes payments to governments in connection with
parts of our business other than extractive activities, which are outside the
scope of the Regulations and therefore not included in this report. See Other
resources on page 23 for links to other information on bp's reporting.
bp's position on revenue transparency
bp supports transparency in the flow of revenue from oil and gas activities to
governments. This helps stakeholders hold public authorities to account for
the way they use funds received through taxes and other agreements.
Basis of preparation
Under the Regulations, the directors of BP p.l.c. are required to prepare a
consolidated report on payments made to governments for each financial year in
relation to relevant activities of both BP p.l.c. and any of its subsidiary
undertakings included in the consolidated group accounts. The term 'bp' is
used interchangeably within this report to indicate BP p.l.c. or any
subsidiary undertaking within the scope of the report.
Activities within the scope of the report
Payments made to governments that relate to bp's activities involving the
exploration, prospection, discovery, development, and extraction of minerals,
oil, natural gas deposits or other materials ('extractive activities') are
included in this report.
Payments made to governments that relate to trading, export (pipelines),
refining and processing, renewables projects and other activities that are not
within the scope of extractive activities as defined by the Regulations are
not included in this report.
Where a payment relates to activities that are reportable under the
Regulations as well as to activities which are not reportable, bp reports the
payment in its entirety if it is not possible to disaggregate it.
Government
Under the Regulations, a 'government' is defined as any national, regional or
local authority of a country, and includes a department, agency or undertaking
that is a subsidiary undertaking controlled by such an authority. In some
countries, certain local indigenous organizations fall within this definition
of government. Where this is the case, payments made to such organizations
have been included in this report. Where a state-owned enterprise undertakes
activities outside of its home jurisdiction, then it is not considered to be a
government.
Cash basis
Payments are reported on a cash basis, meaning that they are reported in the
period in which they are paid, as opposed to being reported on an accruals
basis (which would mean that they were reported in the period for which the
liabilities arise). Refunds are also reported in the period they are received
by bp and are shown as negative amounts in the report. Where payments in kind
are made to a government, they are valued, and footnotes are included to help
explain the valuation method and any related volumes.
Reporting principles
The Regulations require payments to be reported where they are made to
governments by BP p.l.c. and its subsidiary undertakings in respect of
extractive activities. The Regulations also require the disclosure of payments
to reflect the substance of each payment and the relevant activity or project
concerned. In light of these requirements, bp has assessed its reporting
obligations as follows:
• Where bp has made a payment to a government, such payment is
reported in full, whether made in bp's sole capacity or in bp's capacity as
the operator of a joint venture. Payments made to governments in connection
with joint ventures are included in the report if, and to the extent that, bp
makes the relevant payment. Typically, such circumstances will arise where bp
is the operator of the joint venture. Payments made by an incorporated joint
venture which is not a subsidiary of bp are not included within this report.
• In some instances, bp is a partner in unincorporated joint ventures
where the role of operator is performed through a non-typical operatorship
model, whereby multiple entities contribute to an unincorporated body which
has the role of operator. In relation to such joint ventures, payments made by
bp to the government are reported and payments for which bp has direct
responsibility to the government, but which are paid on its behalf, are also
reported.
• bp's equity-accounted investments for the financial year ended 31
December 2025 are not bp subsidiaries and therefore in accordance with the
Regulations, payments made by such entities are not included in this report.
Project definition
The Regulations require payments to be reported by project (as a subcategory
within a country). They define a 'project' as the operational activities which
are governed by a single contract, licence, lease, concession or similar legal
agreement, and form the basis for payment liabilities with a government. If
these agreements are substantially interconnected, then they can be treated as
a single project. Under the Regulations, 'substantially interconnected' means
forming a set of operationally and geographically integrated contracts,
licences, leases or concessions or related agreements with substantially
similar terms that are signed with a government, giving rise to payment
liabilities. These agreements may themselves be governed by a single contract,
joint venture, production-sharing agreement, or other overarching legal
agreement. Factors used to determine whether contracts or licences are
operationally and geographically integrated may include their common
management framework, proximity and use of common infrastructure. The number
of projects will depend on the contractual arrangements within a country and
not necessarily on the scale of activities. A project will only appear in this
report where relevant payments occurred during the year in relation to that
project.
The Regulations acknowledge that for some payments it may not be possible to
attribute a payment to a single project and therefore such payments may be
reported at the country level. For example, corporate income taxes, which are
typically not levied at a project level.
Materiality threshold
The Regulations require that payments made as a single payment exceeding
£86,000 or as part of a series of related payments within a financial year
exceeding £86,000 be included in this report.
Reporting currency
All payments have been reported in US dollars. Payments made in currencies
other than US dollars are typically translated at the exchange rate at the
date of payment.
Payment types
The Regulations define a 'payment' as an amount paid whether in money or in
kind, for relevant activities where the payment type is one of the following:
• Production entitlements
Under production sharing agreements (PSAs), the production is shared between
the host government and the other parties to the PSA. The host government
typically receives its share or entitlement in kind rather than being paid in
cash. In this report, such production entitlement volumes to the government
are reported on a lifting basis, i.e. when the government takes possession of
its share of production. A market value is applied, usually using the
valuation method from the relevant PSA. For joint ventures in which bp is the
operator, government production entitlements are reported in their entirety,
in accordance with the notes above. Where the national oil company (NOC) is
also a partner in the joint venture, their production entitlement is reported
in addition to the government share of production. The NOC's entitlement as a
partner will include both their share of production as investor's return as
well as their entitlement for the reimbursement of their costs.
• Taxes
This report includes taxes levied on income, production or profits and taxes
withheld from dividends, royalties and interest received by bp. In addition,
taxes paid on behalf of bp by the NOC out of production entitlements are
reported. Taxes levied on consumption, personnel, sales and procurement
(contractor's withholding taxes), property and environmental taxes, and
customs and excise are not reportable under the Regulations.
• Royalties
These may be paid in cash or in kind (valued in the same way as production
entitlements).
• Fees
In preparing this report, bp has included licence fees, rental fees, entry
fees and all other payments that are paid in consideration for new and
existing licences and/or concessions. Fees paid to governments for
administrative services are excluded.
• Bonuses
Signature, discovery and production bonuses and other bonuses payable under
licences or concession agreements are included in the report.
• Infrastructure improvements
Such payments include a road, or a building provided by bp that forms part of
the fundamental facilities and systems serving a community or area. These
payments are included in the report whether or not bp is contractually obliged
to fund them and are reported when the relevant assets are handed over to the
government or the local community.
• Dividends
These are dividends that are paid in lieu of production entitlements or
royalties. Dividends paid by bp to a government as an ordinary shareholder are
excluded. For the year ended 31 December 2025, there were no reportable
dividend payments to a government.
• Other considerations
The payments shown in this report are rounded to the nearest $0.1 million. Due
to rounding, some totals in the following tables may not agree exactly with
the sum of their component parts. Amounts are shown to the nearest dollar in
the data submitted and are available on the UK Companies House website.
Payments overview
The table below shows the relevant payments to governments made by bp in the
year ended 31 December 2025, by country and payment type.
Of the seven payment types required by the Regulations, bp did not pay any
relevant dividends and therefore the category is not shown.
$ million
Country Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Angola 0.3 0.3
Australia 83.0 80.3 13.5 176.8
Azerbaijan 9,117.9 427.9 2.1 450.2 9,998.1
Brazil 0.4 0.4
Canada 12.1 12.1
Egypt 16.2 385.2 2.0 1.0 404.4
India 118.1 82.8 201.0
Indonesia 1,069.5 355.0 1,424.5
Iraq 25.0 25.0
Libya 0.9 0.9
Mauritania 45.6 0.7 6.0 52.3
Oman 2,198.2 683.3 2.0 2,883.6
Senegal 22.0 0.3 6.2 28.6
Trinidad and Tobago 353.1 4.5 357.6
United Arab Emirates 4,189.8 6.4 4,196.2
United Kingdom 1,040.8 8.7 1,049.5
United States 269.7 1,110.3 13.9 12.3 1,406.1
Total 12,587.5 7,870.8 1,190.6 67.4 494.4 6.2 22,217.1
Payments by country
Angola
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Finance 0.3 0.3
Total 0.3 0.3
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Payments not attributable to 0.3 0.3
projects
Total 0.3 0.3
Australia
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Australian Taxation Office 83.0 6.4 89.3
Department for Energy and Mining 6.4 6.4
Department of Finance 0.7 0.7
Department of Mines, Industry Regulation and Safety 80.3 80.3
Total 83.0 80.3 13.5 176.8
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
North West Shelf 83.0 80.3 13.5 176.8
Total 83.0 80.3 13.5 176.8
Azerbaijan
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)(a) 1,122.7 1,122.7
Ministry of Taxes(b) 427.9 427.9
SGC Upstream LLC(c) 1,132.6 1,132.6
State Oil Company of Azerbaijan Republic (SOCAR)(d) 268.0 268.0
State Oil Fund of Azerbaijan (SOFAZ)(e) 6,594.5 2.1 450.2 7,046.8
Total 9,117.9 427.9 2.1 450.2 9,998.1
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Azeri-Chirag-Deepwater Gunashli - PSA(f) 6,136.6 38.1 450.0 6,624.7
Shafag-Asiman - PSA 2.1 2.1
Shah Deniz - PSA(g,h) 2,981.2 389.8 0.2 3,371.2
Total 9,117.9 427.9 2.1 450.2 9,998.1
( )
(a) (Payments in kind for 16.7 million barrels of crude oil valued at netback
value per the production sharing agreement.)
(b) (Includes $389.8 million of taxes settled by SOCAR on bp's behalf, out of
entitlement, pursuant to the relevant agreements.)
(c) (Includes payments in kind of $251.2 million for 3.9 million barrels of crude
oil valued at netback value per the production sharing agreement and the
remaining production entitlement was paid in cash.)
(d) (Payments in kind for 2.9 billion cubic metres of associated residue natural
gas valued on the basis of gas prices realized in a similar Azerbaijan
project.)
(e) (Includes payments in kind of $5,171.5 million for 76.8 million barrels of
crude oil valued at netback value per the production sharing agreement and the
remaining production entitlement was paid in cash.)
(f) (Includes payments in kind of $5,868.7 million for 86.9 million barrels of
crude oil valued at netback value per the production sharing agreement and
payments in kind of $268.0 million for 2.9 billion cubic metres of associated
residue natural gas valued on the basis of gas prices realized in a similar
Azerbaijan project.)
(g) (Includes payments in kind of $676.8 million for 10.5 million barrels of crude
oil valued at netback value per the production sharing agreement and the
remaining production entitlement was paid in cash.)
(h) (Pursuant to the relevant agreements, SOCAR paid these taxes on bp's behalf
out of revenue entitlements.)
Brazil
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Petrobras 0.4 0.4
Total 0.4 0.4
( )
( )
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
CM-477 0.4 0.4
Total 0.4 0.4
Canada
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Canada Newfoundland and Labrador Offshore Energy Regulator 11.4 11.4
Government of The Province of 0.4 0.4
Alberta
Natural Resources Canada 0.2 0.2
Total 12.1 12.1
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Newfoundland Exploration 11.6 11.6
Terre De Grace 0.4 0.4
Total 12.1 12.1
Egypt
$ million
Governments Production entitlements Taxes(a) Royalties Fees Bonuses Production improvements Total
Egyptian General Petroleum 2.0 2.0
Egyptian Natural Gas Holding(a,b) 16.2 1.0 17.2
Egyptian Tax Authority 385.2 385.2
Total 16.2 385.2 2.0 1.0 404.4
Projects Production entitlements Taxes(a) Royalties Fees Bonuses Infrastructure improvements Total
Baltim(a) 18.5 18.5
East Portsaid 1.0 1.0
El Qaraa(a) 11.9 11.9
North Alexandria / West Mediterranean Deep Water(a) 33.1 33.1
North North Damietta(a) 199.7 199.7
North El Hammad Offshore(a) 43.3 43.3
Ras El Bar(a,b) 16.2 19.2 35.5
Temsah(a) 1.1 1.1
UGDC 0.8 0.8
West Nile Delta 2.0 2.0
Zohr(a) 57.4 57.4
Total 16.2 385.2 2.0 1.0 404.4
(a) (Pursuant to the relevant agreements, Egypt General Petroleum Corporation paid
these taxes on bp's behalf out of production entitlement.)
(b) (Includes payments in kind of $16.2 million for 0.9 million barrels of crude
oil valued as net payable provision estimate per the production sharing
agreement.)
India
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Income Tax Department 82.8 82.8
Ministry of Petroleum and Natural Gas 118.1 118.1
Total 118.1 82.8 201.0
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
KG D6 KG-DWN-98/3 118.1 118.1
Payments not attributable to projects 82.8 82.8
Total 118.1 82.8 201.0
Indonesia
$ million
Governments Production entitlements(a) Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Finance(a) 1,069.5 355.0 1,424.5
Total 1,069.5 355.0 1,424.5
Projects Production entitlements(a) Taxes Royalties Fees Bonuses Infrastructure improvements Total
Tangguh(a) 1,069.5 355.0 1,424.5
Total 1,069.5 355.0 1,424.5
(a) (Includes payments in kind of $97.2 million for 1.6 million barrels of
condensates valued per the production sharing agreement. The remaining
production entitlement for LNG was paid in cash.)
Iraq
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
North Oil Company 25.0 25.0
Total 25.0 25.0
Projects Production Taxes Royalties Fees Bonuses Infrastructure improvements Total
entitlements
Kirkuk 25.0 25.0
Total 25.0 25.0
Libya
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
National Oil Corporation 0.9 0.9
Total 0.9 0.9
Projects Production Taxes Royalties Fees Bonuses Infrastructure improvements Total
entitlements
Payments not attributable to projects 0.9 0.9
Total 0.9 0.9
Mauritania
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Petroleum, Energy and Mines 0.7 6.0 6.7
Republique Islamique de Mauritanie (a) 25.1 25.1
Société Mauritanienne des Hydrocarbures 20.4 20.4
Total 45.6 0.7 6.0 52.3
Projects Production Taxes Royalties Fees Bonuses Infrastructure Total
entitlements improvements
Block C8 45.6 0.7 6.0 52.3
Total 45.6 0.7 6.0 52.3
( )
(a) (Comprises payments in kind of $25.1 million: for $2.8 million for 0.05
million barrels of condensate and $22.3 million for 3.6 million mmBtu of gas,
both valued as per the Sales Purchase Agreement (SPA), In addition $20.4
million was paid in cash.)
Oman
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Makarim Gas Development(a) 530.0 530.0
Ministry of Energy and Minerals(b) 1,668.3 0.4 1,668.7
Ministry of Labour 1.6 1.6
Oman Tax Authority(c) 683.3 683.3
Total 2,198.2 683.3 2.0 2,883.6
Projects Production entitlements Taxes(c) Royalties Fees Bonuses Infrastructure improvements Total
(a,b)
Khazzan 2,198.2 683.3 2.0 2,883.6
Total 2,198.2 683.3 2.0 2,883.6
(a) (Comprises payments in kind of $177.5 million for 2.49 million barrels of
condensates valued at market prices, $352.2 million for 98.01 million mmBtu of
gas valued per the Gas Sales Agreement and $0.27 million was paid in cash.)
(b) (Comprises payments in kind of $781.2 million for 11.02 million barrels of
condensates valued at market prices, 886.02 million for 246.5 million mmBtu of
gas valued per the Gas Sales Agreement and $1.1 million was paid in cash.)
(c) (Pursuant to the relevant agreements, the Ministry of Oil and Gas paid $683.3
million of taxes on bp's behalf out of their production entitlement.)
Senegal
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Fisheries and Maritime Economy 5.4 5.4
Municipality of St Louis 0.8 0.8
Republique du Senegal 18.3 18.3
Société des pétroles du Sénégal 3.7 0.3 4.0
Total 22.0 0.3 6.2 28.6
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Block St Louis Profond 22.0 0.3 22.3
Payments not attributable to projects 6.2 6.2
Total 22.0 0.3 6.2 28.6
Trinidad and Tobago
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Board of Inland Revenue 79.4 79.4
Ministry of Energy and Energy Industries(a) 273.7 4.5 278.2
Total 353.1 4.5 357.6
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Block 25A 1.0 1.0
Block 25B 0.2 0.2
Block 5B 2.1 2.1
Block NCMA2 1.2 1.2
BPTT Blocks(a) 353.1 353.1
Total 353.1 4.5 357.6
(a) (Includes Royalty payments of $248.2 million.)
United Arab Emirates
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Abu Dhabi National Oil Company 6.4 6.4
Department of Finance Abu Dhabi 4,189.8 4,189.8
Total 4,189.8 6.4 4,196.2
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
ADCO Concession (Onshore) 4,189.8 6.4 4,196.2
Total 4,189.8 6.4 4,196.2
United Kingdom
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
HM Revenue and Customs(a,b) 1,040.8 1,040.8
Oil and Gas Authority 8.3 8.3
The Crown Estate 0.4 0.4
Total 1,040.8 8.7 1,049.5
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Andrew 0.5 0.5
Clair 0.5 0.5
Decommissioning(a) (9.9) 0.3 (9.7)
ETAP 1.7 1.7
Exploration 0.2 0.2
Foinaven 2.4 2.4
Murlach 0.5 0.5
Non-Operated(a) (0.4) 0.7 0.3
Pipelines 0.4 0.4
Schiehallion 1.1 1.1
Seagull 0.5 0.5
Payments not attributable to projects(b) 1,051.1 1,051.1
Total 1,040.8 8.7 1,049.5
(a) (Net refunds result from the carry back of tax losses, resulting in a refund
of taxes paid in prior years.)
(b) (Settlement of UK Direct Taxes which include interest over/under payments.)
United States
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
IRS(a) 30.0 30.0
Office of Natural Revenue/Department Interior 958.5 12.5 12.3 983.3
State of Colorado (0.2) (0.2)
State of Louisiana(b) 35.6 12.3 47.9
State of New Mexico (2.2) (2.2)
State of Texas 206.4 139.5 1.4 347.3
Total 269.7 1,110.3 13.9 12.3 1,406.1
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Colorado (0.2) (0.2)
Gulf of America 914.7 12.5 12.3 939.5
- Central
Gulf of America 42.1 42.1
- Western
Louisiana(b) 35.6 13.9 49.5
New Mexico (2.2) (2.2)
Texas 206.4 139.5 1.4 347.3
Payments not attributable to projects(a) 30.0 30.0
Total 269.7 1,110.3 13.9 12.3 1,406.1
(a) (Net refunds result from the carry back of tax losses, resulting in a refund
of taxes paid in prior years.)
(b) (Payments to states where bp has no extractive activities relate to
escheatment of Royalties.)
Other resources
Detailed data associated with the Payments to Governments Report, filed with
UK Registrar
extractives.companieshouse.gov.uk
Other reports
bp.com/annualreport
bp.com/tax
bp Economic Impact Reports
bp.com/USImpactReport
bp.com/uk/eir
Contacts
London Houston
Press Office Rita Brown Paul Takahashi
+44 (0) 7787 685821 +1 713 903 9729
Payment Amount Type Country Government Extraction Method Resource Project In kind Y/N In Kind
1 0.3 Tax Angola Ministry of Finance Well Crude Oil Payments not attributable to projects
2 6.4 Fees Australia AUSTRALIAN TAXATION OFFICE Well Crude Oil North West Shelf
3 6.4 Fees Australia DEPARTMENT FOR ENERGY AND MINING Well Crude Oil North West Shelf
4 0.7 Fees Australia Department of Finance Well Crude Oil North West Shelf
5 80.3 Royalties Australia Department of Mines, Industry Regulation and Safety Well Crude Oil North West Shelf
6 83.0 Tax Australia AUSTRALIAN TAXATION OFFICE Well Crude Oil North West Shelf
7 450.0 Bonuses Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Azeri-Chirag-Deepwater Guneshli - PSA
8 0.2 Bonuses Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA
9 2.1 Fees Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shafag-Asiman PSA
10 1,122.7 Production Entitlements Azerbaijan Azerbaijan (ACG) Ltd. (SOCAR subsidiary) Well Crude Oil Azeri-Chirag-Deepwater Guneshli - PSA Yes Includes payments in kind of $$1,123 million for 16.7 million barrels of crude
oil valued at netback value per the production sharing agreement
11 881.4 Production Entitlements Azerbaijan SGC Upstream LLC Well Crude Oil Shah Deniz - PSA
12 251.2 Production Entitlements Azerbaijan SGC Upstream LLC Well Crude Oil Shah Deniz - PSA Yes Includes payments in kind of $251.2 million for 3.9 million barrels of crude
oil valued at netback value per the production sharing agreement.
13 268.0 Production Entitlements Azerbaijan State Oil Company of Azerbaijan Republic (SOCAR) Well Gas Azeri-Chirag-Deepwater Guneshli - PSA Yes Payments in kind of $268.0 million for 2.9 billion cubic metres of associated
residue natural gas valued on the basis of gas prices realized in a similar
Azerbaijan project.
14 4,745.9 Production Entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Azeri-Chirag-Deepwater Guneshli - PSA Yes Includes payments in kind of $$4,745.9 million for 70.2 million barrels of
crude oil valued at netback value per the production sharing agreement
15 1,423.0 Production Entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA
16 425.6 Production Entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA Yes Includes payments in kind of $425.6 million for 6.6 million barrels of crude
oil valued at netback value per the production sharing agreement.
17 38.1 Tax Azerbaijan Ministry of Taxes Well Crude Oil Azeri-Chirag-Deepwater Guneshli - PSA
18 389.8 Tax Azerbaijan Ministry of Taxes Well Crude Oil Shah Deniz - PSA
19 0.4 Fees Brazil Petrobras Well Crude Oil C-M-477
20 11.4 Fees Canada Canada Newfoundland and Labrador Offshore Energy Regulator Well Crude Oil Newfoundland Exploration
21 0.4 Fees Canada Government of Alberta Well Crude Oil Terre De Grace
22 0.2 Fees Canada Natural Resources Canada Well Crude Oil Newfoundland Exploration
23 1.0 Bonuses Egypt Egyptian Natural Gas Holding Well Crude Oil East Portsaid
24 2.0 Fees Egypt Egyptian General Petroleum Well Crude Oil West Nile Delta
25 16.2 Production Entitlements Egypt Egyptian Natural Gas Holding Well Crude Oil Ras El Bar Yes Includes payments in kind of $16.2 million for 0.9 million barrels of crude
oil valued as net payable provision estimate per the production sharing
agreement.
26 18.5 Tax Egypt Egyptian Tax Authority Well Crude Oil Baltim
27 11.9 Tax Egypt Egyptian Tax Authority Well Crude Oil El Qaraa
28 33.1 Tax Egypt Egyptian Tax Authority Well Crude Oil North Alexandria / West Mediterranean Deep Water
29 199.7 Tax Egypt Egyptian Tax Authority Well Crude Oil North Damietta
30 43.3 Tax Egypt Egyptian Tax Authority Well Crude Oil North El Hammad Offshore
31 19.2 Tax Egypt Egyptian Tax Authority Well Crude Oil Ras El Bar
32 1.1 Tax Egypt Egyptian Tax Authority Well Crude Oil Temsah
33 0.8 Tax Egypt Egyptian Tax Authority Well Crude Oil UGDC
34 57.4 Tax Egypt Egyptian Tax Authority Well Crude Oil Zohr
35 118.1 Production Entitlements India Ministry of Petroleum & Natural Gas - Government of India Well Gas KG D6 KG-DWN-98/3
36 82.8 Tax India Income Tax Department Well Gas Payments not attributable to projects
37 972.2 Production Entitlements Indonesia Ministry of Finance Well LNG Tangguh
38 97.2 Production Entitlements Indonesia Ministry of Finance Well LNG Tangguh Yes Includes payments in kind of $97.2 million for 1.6 million barrels of
condensates valued per the production sharing agreement. The remaining
production entitlement for LNG was paid in cash.
39 355.0 Tax Indonesia Ministry of Finance Well LNG Tangguh
40 25.0 Bonuses Iraq North Oil Company Well Crude Oil Kirkuk
41 0.9 Fees Libya NOC Well Crude Oil Payments not attributable to projects
42 6.0 Bonuses Mauritania Ministry of Petroleum, Energy & Mines Well LNG Block C8
43 0.7 Fees Mauritania Ministry of Petroleum, Energy & Mines Well LNG Block C8
44 25.1 Production Entitlements Mauritania Republique Islamique de Mauritanie Well LNG Block C8 Yes Comprises payments in kind of $25.1 million: for $2.8 million for 0.05 million
barrels of condensate and $22.3 million for 3.6 million mmBtu of gas, both
valued as per the Sales Purchase Agreement (SPA), In addition $20.4 million
was paid in cash
45 20.4 Production Entitlements Mauritania Société Mauritanienne des Hydrocarbures Well LNG Block C8
46 0.4 Fees Oman Ministry of Enrage and Minerals (MEM) Well Gas Khazzan
47 1.6 Fees Oman Ministry of Labour Well Gas Khazzan
48 352.5 Production Entitlements Oman Makarim Gas Development (MGD) Well Gas Khazzan Yes Comprises $352.2 million for 98.01 million mmBtu of gas valued per the Gas
Sales Agreement
49 177.5 Production Entitlements Oman Makarim Gas Development (MGD) Well Gas Khazzan Yes Comprises payments in kind of $177.5 million for 2.49 million barrels of
condensates valued at market prices,
50 1.1 Production Entitlements Oman Ministry of Enrage and Minerals (MEM) Well Gas Khazzan
51 1,667.2 Production Entitlements Oman Ministry of Enrage and Minerals (MEM) Well Gas Khazzan Yes Comprises payments in kind of $781.2 million for 11.02 million barrels of
condensates valued at market prices, 886.02 million for 246.5 million mmBtu of
gas valued per the Gas Sales Agreement and $1.1 million was paid in cash.
52 683.3 Tax Oman Oman Tax Authority Well Gas Khazzan
53 0.3 Fees Senegal Société des pétroles du Sénégal Well LNG Block St Louis Profond
54 5.4 Infrastructure Senegal Ministry of Fisheries and Maritime Economy Well LNG Payments not attributable to projects
55 0.8 Infrastructure Senegal Municipality of St Louis Well LNG Payments not attributable to projects
56 18.3 Production Entitlements Senegal Republique du Senegal Well LNG Block St Louis Profond
57 3.7 Production Entitlements Senegal Société des pétroles du Sénégal Well LNG Block St Louis Profond
58 1.0 Fees Trinidad Ministry of Energy and Energy Industries Well LNG Block 25A
59 0.2 Fees Trinidad Ministry of Energy and Energy Industries Well LNG Block 25B
60 2.1 Fees Trinidad Ministry of Energy and Energy Industries Well LNG Block 5B
61 1.2 Fees Trinidad Ministry of Energy and Energy Industries Well LNG Block NCMA2
63 79.4 Tax Trinidad Board of Inland Revenue Well LNG BPTT Blocks
64 273.7 Tax Trinidad Ministry of Energy and Energy Industries Well LNG BPTT Blocks Yes (Includes Royalty payments of $248.2 million.)
65 6.4 Fees United Arab Emirates Abu Dhabi National Oil Company Well Crude Oil ADCO Concession (Onshore)
66 4,189.8 Tax United Arab Emirates Department of Finance Abu Dhabi Well Crude Oil ADCO Concession (Onshore)
67 0.5 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Andrew
68 0.5 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Clair
69 0.3 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Decommissioning
70 1.7 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil ETAP
71 0.2 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Exploration
72 2.4 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Foinaven
73 0.5 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Murlach
74 0.7 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Non Operated
75 1.1 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Schiehallion
76 0.5 Fees United Kingdom OIL AND GAS AUTHORITY Well Crude Oil Seagull
77 0.4 Fees United Kingdom THE CROWN ESTATE Well Crude Oil Pipelines
78 (9.9) Tax United Kingdom HMRC Well Crude Oil Decommissioning
79 (0.4) Tax United Kingdom HMRC Well Crude Oil Non Operated
80 1,051.1 Tax United Kingdom HMRC Well Crude Oil Payments not attributable to projects
81 12.3 Bonuses USA Office of Natural Resources Revenue/Department of the Interior Well Crude Oil Gulf of America - Central
82 12.5 Fees USA Office of Natural Resources Revenue/Department of the Interior Well Crude Oil Gulf of America - Central
83 1.4 Fees USA State of Texas Well Crude Oil Texas
84 914.7 Royalties USA Office of Natural Resources Revenue/Department of the Interior Well Crude Oil Gulf of America - Central
85 42.1 Royalties USA Office of Natural Resources Revenue/Department of the Interior Well Crude Oil Gulf of America - Western
86 1.7 Royalties USA Office of Natural Resources Revenue/Department of the Interior Well Crude Oil Louisiana
87 12.3 Royalties USA State of Louisiana Well Crude Oil Louisiana
88 139.5 Royalties USA State of Texas Well Crude Oil Texas
89 30.0 Tax USA IRS Well Crude Oil Payments not attributable to projects
90 (0.2) Tax USA State of Colorado Well Crude Oil Colorado
91 35.6 Tax USA State of Louisiana Well Crude Oil Louisiana
92 (2.2) Tax USA State of New Mexico Well Crude Oil New Mexico
93 206.4 Tax USA State of Texas Well Crude Oil Texas
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