REG - BP PLC - Report on Payments to Govts 2024 part 1 of 1
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RNS Number : 6041N BP PLC 19 June 2025
Exhibit 2.01
BP p.l.c.
Report on Payments to Governments
Year ended 31 December 2024
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
Mauritania 15
Oman 16
Senegal 17
Trinidad and Tobago 18
United Arab Emirates 19
United Kingdom 20
United States 21
Other resources 22
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 below 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 socioeconomic contribution
bp makes a broader socioeconomic contribution to countries in which we
operate, in addition to the payments that are required to be reported under
the Regulations. We make payments to governments in connection with parts of
our business other than extractive activities - for example in relation to the
transportation, trading, manufacture and marketing of oil and gas. As well as
government payments, bp contributes to the economies of the countries in which
we operate by providing jobs for employees and contractors, purchasing
materials from local suppliers and undertaking social investment activities.
See Other resources on page 22 for more information on our socioeconomic
contribution and our position on tax and financial transparency.
bp's position on revenue transparency
bp supports transparency in the flow of revenue from oil and gas activities to
governments. This helps citizens 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. In preparing a report, 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 to be 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 2024, such as Pan American Energy Group and Aker bp, 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 2024, 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
(https://www.gov.uk/government/organisations/companies-house) .
Payments overview
The table below shows the relevant payments to governments made by bp in the
year ended 31 December 2024, 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 1.2 1.2
Australia 249.4 101.9 16.1 367.4
Azerbaijan 10,561.8 488.0 2.1 450.6 11,502.4
Brazil 0.4 1.4 1.9
Canada 17.3 17.3
Egypt 681.3 2.0 344.3 1,027.7
India 126.6 47.9 174.4
Indonesia 551.2 399.9 951.1
Iraq 0.4 0.4
Mauritania 1.3 1.1 2.4
Oman 2,362.0 708.8 1.4 3,072.3
Senegal 0.3 0.1 0.5
Trinidad and Tobago 211.1 3.8 214.8
United Arab Emirates 5,010.8 6.2 5,017.0
United Kingdom 1,057.8 7.3 1,065.1
United States 89.6 1,322.2 14.7 1,426.6
Total 13,601.6 8,946.2 1,424.1 72.9 796.3 1.2 24,842.3
Payments by country
Angola
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Finance 1.2 1.2
Total 1.2 1.2
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Payments not attributable to 1.2 1.2
projects
Total 1.2 1.2
Australia
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Australian Taxation Office 249.4 8.1 257.5
Department of Mines, Industry Regulation and Safety 101.9 101.9
Department of Finance 0.8 0.8
University of Adelaide 7.2 7.2
Total 249.4 101.9 16.1 367.4
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
North West Shelf 249.4 101.9 16.1 367.4
Total 249.4 101.9 16.1 367.4
Azerbaijan
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)((a)) 971.4 971.4
Ministry of Taxes((b)) 488.0 488.0
SGC Upstream LLC((c)) 1,413.2 1,413.2
State Oil Company of Azerbaijan Republic (SOCAR)((d)) 231.9 231.9
State Oil Fund of Azerbaijan (SOFAZ)((e)) 7,945.2 2.1 450.6 8,397.9
Total 10,561.8 488.0 2.1 450.6 11,502.4
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Azeri-Chirag-Deepwater Gunashli - PSA((f)) 7,338.9 97.2 450.0 7,886.1
Shafag-Asiman - PSA 2.1 2.1
Shah Deniz - PSA((g)(h)) 3,222.9 390.8 0.6 3,614.2
Total 10,561.8 488.0 2.1 450.6 11,502.4
( )
((a)) (Payments in kind for 12.2 million barrels of crude oil valued at netback
value per the production sharing agreement.)
((b)) (Includes $390.8 million of taxes settled by SOCAR on bp's behalf, out of
entitlement, pursuant to the relevant agreements.)
((c)) (Includes payments in kind of $409.6 million for 5.3 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 2.5 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 $6,665.5 million for 83.8 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 $7,106.9 million for 89.1 million barrels of
crude oil valued at netback value per the production sharing agreement and
payments in kind of $ 231.9 million for 2.5 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 $939.5 million for 12.2 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
Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) 0.1 1.4 1.5
Petrobras 0.3 0.3
Total 0.4 1.4 1.9
( )
( )
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
CM-477 0.3 0.3
BAR-M-346 0.1 0.1
Tupinamba 1.4 1.4
Total 0.4 1.4 1.9
Canada
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Canada Newfoundland and Labrador Offshore Petroleum Board 16.5 16.5
Government of The Province of 0.4 0.4
Alberta
Natural Resources Canada 0.3 0.3
Total 17.3 17.3
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Newfoundland Exploration 16.8 16.8
Terre De Grace 0.4 0.4
Total 17.3 17.3
Egypt
$ million
Governments Production entitlements Taxes((a)) Royalties Fees Bonuses Production improvements Total
Egyptian General Petroleum 2.0 2.0
Egyptian Tax Authority((a)) 681.3 681.3
Egyptian Natural Gas Holding 344.3 344.3
Total 681.3 2.0 344.3 1,027.7
Projects Production entitlements Taxes((a)) Royalties Fees Bonuses Infrastructure improvements Total
((b)(c))
Baltim((a)) 23.1 23.1
El Qaraa((a)) 14.9 14.9
North Damietta((a)(c)) 268.3 250.0 518.3
North El Hammad Offshore((a)) 50.0 50.0
Ras El Bar((a)) 15.1 15.1
Temsah((a)) 7.8 7.8
UGDC 2.2 2.2
West Nile Delta ((b)) 2.0 94.3 96.3
Zohr((a)) 87.0 87.0
North Alexandria / West Mediterranean Deep Water((a)) 212.9 212.9
Total 681.3 2.0 344.3 1,027.7
((a)) (Pursuant to the relevant agreements, Egypt General Petroleum Corporation paid
these taxes on bp's behalf out of production entitlement.)
((b)) (Commercially agreed settlement for bonuses paid related to the divested
assets transferred to the newly established IJV)
((c)) (Settlement amount deducted from the Government overdue balances to amend
certain commercial terms of the concession agreement)
India
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Petroleum and Natural Gas 126.6 126.6
Income Tax Department 47.9 47.9
Total 126.6 47.9 174.4
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
KG D6 KG-DWN-98/3 126.6 126.6
Payments not attributable to projects 47.9 47.9
Total 126.6 47.9 174.4
Indonesia
$ million
Governments Production entitlements((a)) Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Finance((a)) 551.2 399.9 951.1
Total 551.2 399.9 951.1
Projects Production entitlements((a)) Taxes Royalties Fees Bonuses Infrastructure improvements Total
Tangguh((a)) 551.2 399.9 951.1
Total 551.2 399.9 951.1
((a)) (Includes payments in kind of $89.7 million for 1.3 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
General Commission for Taxes 0.4 0.4
Total 0.4 0.4
Projects Production Taxes Royalties Fees Bonuses Infrastructure improvements Total
entitlements
Payments not attributable to projects 0.4 0.4
Total 0.4 0.4
Mauritania
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Ministry of Petroleum, Energy and Mines 1.0 1.0
Société Mauritanienne des 0.4 0.4
Hydrocarbures
Municipality of N'Diago 1.1 1.1
Total 1.3 1.1 2.4
Projects Production Taxes Royalties Fees Bonuses Infrastructure Total
entitlements improvements
BirAllah 0.7 0.7
Block C8 0.7 0.7
Payments not attributable to projects 1.1 1.1
Total 1.3 1.1 2.4
Oman
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Makarim Gas Development((a)) 591.1 591.1
Ministry of Energy and Minerals((b)) 1,770.9 0.4 1,771.3
Ministry of Labour 1.0 1.0
Oman Tax Authority((c)) 708.8 708.8
Total 2,362.0 708.8 1.4 3,072.3
Projects Production entitlements ((a)(b)) Taxes((c)) Royalties Fees Bonuses Infrastructure improvements Total
Khazzan 2,362.0 708.8 1.4 3,072.3
Total 2,362.0 708.8 1.4 3,072.3
((a)) (Comprises payments in kind of $224.5 million for 2.8 million barrels of
condensates valued at market prices, $366.2million for 103.8 million mmBtu of
gas valued per the Gas Sales Agreement and $0.4 million was paid in cash.)
((b)) (Comprises payments in kind of $914.9 million for 11.3million barrels of
condensates valued at market prices, $854.2 million for 242.0 million mmBtu of
gas valued per the Gas Sales Agreement and $1.8 million was paid in cash.)
((c)) (Pursuant to the relevant agreements, the Ministry of Oil and Gas paid $708.8
million of taxes on bp's behalf out of their production entitlement.)
Senegal
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Société des Pétroles du Sénégal 0.3 0.3
Municipality of St Louis 0.1 0.1
Total 0.3 0.1 0.5
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Block St Louis Profond 0.3 0.3
Payments not attributable to projects 0.1 0.1
Total 0.3 0.1 0.5
Trinidad and Tobago
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Board of Inland Revenue 39.4 39.4
Ministry of Energy and Energy Industries((a)) 171.6 3.8 175.4
Total 211.1 3.8 214.8
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Block 5B 2.0 2.0
Block 25A & Block 25B 1.0 1.0
Block NCMA2 0.8 0.8
BPTT Blocks((a)) 211.1 211.1
Total 211.1 3.8 214.8
((a)) (Includes Royalty payments of $159.3 million.)
United Arab Emirates
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Abu Dhabi National Oil Company 6.2 6.2
Department of Finance Abu Dhabi 5,010.8 5,010.8
Total 5,010.8 6.2 5,017.0
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
ADCO Concession (Onshore) 5,010.8 6.2 5,017.0
Total 5,010.8 6.2 5,017.0
United Kingdom
$ million
Governments Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
HM Revenue and Customs((a)(b)) 1,057.8 1,057.8
Oil and Gas Authority 6.9 6.9
The Crown Estate 0.3 0.3
Total 1,057.8 7.3 1,065.1
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Andrew 0.4 0.4
Clair 0.4 0.4
Decommissioning((a)) -22.7 0.2 -22.5
ETAP 0.8 0.8
Exploration 0.3 0.3
Foinaven 2.3 2.3
Murlach 0.5 0.5
Non-Operated((a)) -2.2 0.7 -1.5
Pipelines 0.3 0.3
Schiehallion 1.0 1.0
Seagull 0.4 0.4
Payments not attributable to projects((b)) 1,082.8 1,082.8
Total 1,057.8 7.3 1,065.1
((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
Office of Natural Revenue/Department Interior 1,193.6 12.7 1,206.2
IRS((a)) (130.1) (130.1)
State of Louisiana((b)) 61.8 8.3 0.3 70.5
State of Texas 163.0 118.8 1.7 283.5
West Virginia((a)) (5.0) (5.0)
State of Alabama((b)) 0.1 0.1
State of Oklahoma((b)) 0.5 0.5
State of Wyoming 0.9 0.9
Total 89.6 1,322.2 14.7 1,426.6
Projects Production entitlements Taxes Royalties Fees Bonuses Infrastructure improvements Total
Gulf of America 1,156.8 12.7 1,169.5
- Central
Gulf of America 36.8 36.8
- Western
Louisiana((b)) 61.8 8.3 0.3 70.5
Texas 163.0 118.8 1.7 283.5
West Virginia((a)) (5.0) (5.0)
Alabama((b)) 0.1 0.1
Oklahoma((b)) 0.5 0.5
Wyoming 0.9 0.9
Payments not attributable to projects((a)) (130.1) (130.1)
Total 89.6 1,322.2 14.7 1,426.6
((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
bp payments to governments 2024
Detailed data filed with UK Registrar
extractives.companieshouse.gov.uk
(https://extractives.company-information.service.gov.uk/company/00102498)
bp annual and sustainability reporting
bp Annual Report and Form 20-F 2024
bp.com/annualreport
(https://www.bp.com/en/global/corporate/investors/results-reporting-and-presentations/annual-report.html#ar-highlights-1-1)
bp Sustainability Report 2024
bp.com/sustainabilityreport
(https://www.bp.com/en/global/corporate/sustainability.html)
bp Tax Report 2024
bp.com/tax
(https://www.bp.com/en/global/corporate/sustainability/our-approach-to-sustainability/tax-transparency.html)
bp economic impact reports
bp US Economic Impact Report
bp.com/economicimpact-us
(https://www.bp.com/en_us/united-states/home/who-we-are/us-impact-report.html)
bp UK Economic Impact Report
bp.com/economicimpact-uk
(https://www.bp.com/en_gb/united-kingdom/home/news/reports/bps-impact-on-the-uk-economy.html)
bp EU Economic Impact Report
bp-european-economic-impact-report-2023.pdf
Contacts
London Houston
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+44 (0) 7831 095541 +1 713 903 9729
Payment Amount Type Country Government Extraction Method Resource Project In kind Y/N In Kind
1 1.2 Taxes Angola Ministry of Finance Well Crude Oil Payments not attributable to projects
2 249.4 Taxes Australia Australian Taxation Office Well Crude Oil North West Shelf
3 8.1 Fees Australia Australian Taxation Office Well Crude Oil North West Shelf
4 101.9 Royalties Australia Department of Mines, Industry Regulation and Safety Well Crude Oil North West Shelf
5 7.2 Fees Australia University of Adelaide Well Crude Oil North West Shelf
6 0.8 Fees Australia Department of Finance Well Crude Oil North West Shelf
7 971.4 Production entitlements Azerbaijan Azerbaijan (ACG) Ltd. (SOCAR subsidiary) Well Crude Oil Azeri-Chirag-Deepwater Gunashli - PSA Yes Payments in kind for 12.2 million barrels of crude oil valued at netback value
per the production sharing agreement.
8 97.2 Taxes Azerbaijan Ministry of Taxes Well Crude Oil Azeri-Chirag-Deepwater Gunashli - PSA
9 390.8 Taxes Azerbaijan Ministry of Taxes Well Crude Oil Shah Deniz - PSA
10 1,003.7 Production entitlements Azerbaijan SGC Upstream LLC Well Crude Oil Shah Deniz - PSA
11 409.6 Production entitlements Azerbaijan SGC Upstream LLC Well Crude Oil Shah Deniz - PSA Yes Payments in kind of $409.6 million for 5.3 million barrels of crude oil valued
at netback value per the production sharing agreement.
12 231.9 Production entitlements Azerbaijan State Oil Company of Azerbaijan Republic (SOCAR) Well Gas Azeri-Chirag-Deepwater Gunashli - PSA Yes Payments in kind for 2.5 billion cubic metres of associated residue natural
gas valued on the basis of gas prices realized in a similar Azerbaijan
project.
13 1,279.7 Production entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA
14 6,135.5 Production entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Azeri-Chirag-Deepwater Gunashli - PSA Yes Payments in kind of $6,135.5 million for 76.9 million barrels of crude oil
valued at netback value per the production sharing agreement.
15 530.0 Production entitlements Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA Yes Payments in kind of $530 million for 6.9 million barrels of crude oil valued
at netback value per the production sharing agreement.
16 2.1 Fees Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shafag-Asiman - PSA
17 450.0 Bonuses Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Azeri-Chirag-Deepwater Gunashli - PSA
18 0.6 Bonuses Azerbaijan State Oil Fund of Azerbaijan (SOFAZ) Well Crude Oil Shah Deniz - PSA
19 0.1 Fees Brazil Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) Well Crude Oil BAR-M-346
20 1.4 Bonuses Brazil Agencia Nacional do Petroleo, Gas Natural e Biocombustíveis (ANP) Well Crude Oil Tupinamba
21 0.3 Fees Brazil Petrobras Well Crude Oil CM-477
22 16.5 Fees Canada Canada Newfoundland and Labrador Offshore Petroleum Board Well Crude Oil Newfoundland Exploration
23 0.4 Fees Canada Government of The Province of Alberta Well Crude Oil Terre De Grace
24 0.3 Fees Canada Natural Resources Canada Well Crude Oil Newfoundland Exploration
25 94.3 Bonuses Egypt Egyptian Natural Gas Holding Well Crude Oil West Nile Delta
26 250.0 Bonuses Egypt Egyptian Natural Gas Holding Well Crude Oil North Damietta
27 2.0 Fees Egypt Egyptian General Petroleum Well Crude Oil West Nile Delta
28 14.9 Taxes Egypt Egyptian Tax Authority Well Crude Oil El Qaraa
29 23.1 Taxes Egypt Egyptian Tax Authority Well Crude Oil Baltim
30 268.3 Taxes Egypt Egyptian Tax Authority Well Crude Oil North Damietta
31 50.0 Taxes Egypt Egyptian Tax Authority Well Crude Oil North El Hammad
32 15.1 Taxes Egypt Egyptian Tax Authority Well Crude Oil Ras El Bar
33 7.8 Taxes Egypt Egyptian Tax Authority Well Crude Oil Temsah
34 2.2 Taxes Egypt Egyptian Tax Authority Well Crude Oil UGDC
35 212.9 Taxes Egypt Egyptian Tax Authority Well Crude Oil North Alexandria / West Mediterranean Deep Water
36 87.0 Taxes Egypt Egyptian Tax Authority Well Crude Oil Zohr
37 126.6 Production entitlements India Ministry of Petroleum and Natural Gas Well Gas KG D6 KG-DWN-98/3
38 47.9 Taxes India Income Tax Department Well Gas Payments not attributable to projects
39 435.4 Production entitlements Indonesia Ministry of Finance Well LNG Tangguh
40 115.8 Production entitlements Indonesia Ministry of Finance Well LNG Tangguh Yes Payments in kind of $89.7 million for 1.3 million barrels of condensate valued
per the production sharing agreement.
41 399.9 Taxes Indonesia Ministry of Finance Well LNG Tangguh
42 0.4 Taxes Iraq General Commission for Taxes Well Crude Oil Payments not attributable to projects
43 0.3 Fees Mauritania Ministry of Petroleum, Energy and Mines Well Crude Oil Bir Allah
44 0.4 Fees Mauritania Société Mauritanienne des Hydrocarbures Well Crude Oil Bir Allah
45 0.7 Fees Mauritania Ministry of Petroleum, Energy and Mines Well Crude Oil Block C8
46 1.1 Infrastructure improvements Mauritania Municipality of N'Diago Well Crude Oil Payments not attributable to projects
47 224.9 Production entitlements Oman Makarim Gas Development Well Gas Khazzan Yes Payments in kind of $224.5 million for 2.8 million barrels of condensates
valued at market prices.
48 366.2 Production entitlements Oman Makarim Gas Development Well Gas Khazzan Yes Payments in kind of $366.2 million for 103.8 million mmBtu of gas valued per
the Gas Sales Agreement
49 1,770.9 Production entitlements Oman Ministry of Energy and Minerals Well Gas Khazzan Yes Payments in kind of $914.9 million for 11.3 million barrels of condensates
valued at market prices, $854.2 million for 242.0 million mmBtu of gas valued
per the Gas Sales Agreement
50 0.4 Fees Oman Ministry of Energy and Minerals Well Gas Khazzan
51 1.0 Fees Oman Ministry of Labour Well Gas Khazzan
52 708.8 Taxes Oman Oman Tax Authority Well Gas Khazzan
53 0.3 Fees Senegal Société des Pétroles du Sénégal Well Crude Oil Block St Louis Profond
54 0.1 Infrastructure Senegal Municipality of St Louis Well Crude Oil Payments not attributable to projects
55 39.4 Taxes Trinidad and Tobago Board of Inland Revenue Well LNG BPTT Blocks
56 12.4 Taxes Trinidad and Tobago Ministry of Energy and Energy Industries Well LNG BPTT Blocks
57 2.0 Fees Trinidad and Tobago Ministry of Energy and Energy Industries Well LNG Block 5B
58 1.0 Fees Trinidad and Tobago Ministry of Energy and Energy Industries Well LNG Block 25A & Block 25B
59 0.8 Fees Trinidad and Tobago Ministry of Energy and Energy Industries Well LNG Block NCMA2
60 159.3 Taxes Trinidad and Tobago Ministry of Energy and Energy Industries Well LNG BPTT Blocks
61 6.2 Fees United Arab Emirates Abu Dhabi National Oil Company Well Crude Oil ADCO Concession (Onshore)
62 5,010.8 Taxes United Arab Emirates Department of Finance Abu Dhabi Well Crude Oil ADCO Concession (Onshore)
63 (22.7) Taxes United Kingdom HM Revenue and Customs Well Crude Oil Decommissioning
64 (2.2) Taxes United Kingdom HM Revenue and Customs Well Crude Oil Non-Operated
65 1,082.8 Taxes United Kingdom HM Revenue and Customs Well Crude Oil Payments not attributable to projects
66 0.4 Fees United Kingdom Oil and Gas Authority Well Crude Oil Andrew
67 0.4 Fees United Kingdom Oil and Gas Authority Well Crude Oil Clair
68 0.2 Fees United Kingdom Oil and Gas Authority Well Crude Oil Decommissioning
69 0.8 Fees United Kingdom Oil and Gas Authority Well Crude Oil ETAP
70 0.3 Fees United Kingdom Oil and Gas Authority Well Crude Oil Exploration
71 2.3 Fees United Kingdom Oil and Gas Authority Well Crude Oil Foinaven
72 0.5 Fees United Kingdom Oil and Gas Authority Well Crude Oil Murlach
73 0.7 Fees United Kingdom Oil and Gas Authority Well Crude Oil Non-Operated
74 1.0 Fees United Kingdom Oil and Gas Authority Well Crude Oil Schiehallion
75 0.3 Fees United Kingdom The Crown Estate Well Crude Oil Pipelines
76 0.4 Fees United Kingdom Oil and Gas Authority Well Crude Oil Seagull
77 (130.1) Taxes United States IRS Well Crude Oil Payments not attributable to projects
78 1,156.8 Royalties United States Office of Natural Revenue/Department Interior Well Crude Oil Gulf of America - Central
79 36.8 Royalties United States Office of Natural Revenue/Department Interior Well Crude Oil Gulf of America - Western
80 12.7 Fees United States Office of Natural Revenue/Department Interior Well Crude Oil Gulf of America - Central
81 0.1 Royalties United States State of Alabama Well Crude Oil Alabama
82 0.5 Royalties United States State of Oklahoma Well Crude Oil Oklahoma
83 0.9 Royalties United States State of Wyoming Well Crude Oil Wyoming
84 61.8 Taxes United States State of Louisiana Well Crude Oil Louisiana
85 8.3 Royalties United States State of Louisiana Well Crude Oil Louisiana
86 0.3 Fees United States State of Louisiana Well Crude Oil Louisiana
87 163.0 Taxes United States State of Texas Well Crude Oil Texas
88 118.8 Royalties United States State of Texas Well Crude Oil Texas
89 1.7 Fees United States State of Texas Well Crude Oil Texas
90 (5.0) Taxes United States State of West Virginia Well Crude Oil West Virginia
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