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REG - Harbour Energy PLC - Report on Payments to Govts

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RNS Number : 2335M  Harbour Energy PLC  10 June 2025

HARBOUR ENERGY PLC

("Harbour" or the "Company")

Report on Payments to Governments for the year ended 31 December 2024

Harbour 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
2024 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 199 to 201 of the 2024 Annual Report and Financial Statements which is
available to download at: harbourenergy.com/investors/
(https://www.harbourenergy.com/investors/results-reports-and-presentations/)
 

 

 Payments by Licence
  Country          Licence and hub/        Production entitlements  Production entitlements  Income taxes  Royalties (cash only)  Dividends     Bonus payments  Licence fees  Infrastructure improvement payments  Total

                   company level
                                           mmbbls                   US$ millions             US$ millions  US$ millions           US$ millions  US$ millions    US$ millions  US$ millions                         US$ millions
  Argentina         Cuenca Austral         -                        -                        -             13                     -             -               -             -                                    13
                    Neuquén                -                        -                        -             6                      -             -               -             -                                    6

                    Corporate              -                        -                        4             -                      -             -               -             -                                    4
                    Total Argentina        -                        -                        4             19                     -             -               -             -                                    23
  Egypt             Disouq                 1                        13                       -             -                      -             -               -             -                                    13
                    East Damanhur          -                        2                        -             -                      -             -               -             -                                    2

                    Total Egypt            1                        15                       -             -                      -             -               -             -                                    15
  Germany           Hemsbünde              -                        -                        -             1                      -             -               -             -                                    1
                    Emlichheim             -                        -                        -             1                      -             -               -             -                                    1
                    Völkersen              -                        -                        -             2                      -             -               -             -                                    2
                    Mittelplate/Dieksand   -                        -                        -             14                     -             -               -             -                                    14
                    Total Germany          -                        -                        -             18                     -             -               -             -                                    18
  Indonesia         Natuna Sea Block A     1                        66                       18            -                      -             -               -             -                                    84
                    Total Indonesia        1                        66                       18            -                      -             -               -             -                                    84
  Libya             Area 58                -                        9                        -             -                      -             -               -             -                                    9
                    Total Libya            -                        9                        -             -                      -             -               -             -                                    9
  Mexico            Ogarrio                -                        -                        -             8                      -             -               -             -                                    8
                    Block 16               -                        -                        -             -                      -             -               1             -                                    1
                    Block 17               -                        -                        -             -                      -             -               1             -                                    1
                    Block 30               -                        -                        -             -                      -             -               1             -                                    1
                    Total Mexico           -                        -                        -             8                      -             -               3             -                                    11
  Norway            Corporate              -                        -                        529           -                      -             -               -             -                                    529
                    PL211                  -                        -                        -             -                      -             -               1             -                                    1
                    PL211CS                -                        -                        -             -                      -             -               1             -                                    1
                    PL248                  -                        -                        -             -                      -             -               1             -                                    1
                    PL248F                 -                        -                        -             -                      -             -               1             -                                    1
                    PL248GS                -                        -                        -             -                      -             -               1             -                                    1
                    PL435                  -                        -                        -             -                      -             -               1             -                                    1
                    PL836S                 -                        -                        -             -                      -             -               2             -                                    2
                    PL836SB                -                        -                        -             -                      -             -               1             -                                    1
                    PL894                  -                        -                        -             -                      -             -               1             -                                    1
                    Total Norway           -                        -                        529           -                      -             -               10            -                                    539
  United Kingdom    Central North Sea      -                        -                        (2)           -                      -             -               8             -                                    6
                    Southern North Sea     -                        -                        (4)           -                      -             -               3             -                                    (1)
                    East Irish Sea         -                        -                        -             -                      -             -               1             -                                    1
                    Corporate              -                        -                        937           -                      -             -               -             -                                    937
                    Total UK               -                        -                        931           -                      -             -               12            -                                    943
  Vietnam           Chim Sao               -                        17                       -             -                      -             -               -             -                                    17
                    Corporate              -                        -                        16            10                     -             -               -             -                                    26
                    Total Vietnam          -                        17                       16            10                     -             -               -             -                                    43
  Total Group                              2                        107                      1,498         55                     -             -               25            -                                    1,685

 

 

 

 Payments by Government

 Country         Government                                                                  Production entitlements  Production entitlements  Income taxes  Royalties (cash only)  Dividends     Bonus payments  Licence fees  Infrastructure improvement payments  Total
                                                                                             mmbbls                   US$ millions             US$ millions  US$ millions           US$ millions  US$ millions    US$ millions  US$ millions                         US$ millions
 Argentina       Ministerio de Energía y Minería                                             -                        -                        -             9                      -             -               -             -                                    9
                 Dirección Provincial de Rentas/Provincia del Neuquén                        -                        -                        -             6                      -             -               -             -                                    6
                 Agencia de Recaudación Fueguina/Provincia de Tierra del Fuego               -                        -                        -             4                      -             -               -             -                                    4
                 Administración Federal de Ingresos Públicos                                 -                        -                        4             -                      -             -               -             -                                    4
                 Total Argentina                                                             -                        -                        4             19                     -             -               -             -                                    23
 Egypt           Egyptian Natural Gas Holding Company (EGAS)                                 1                        15                       -             -                      -             -               -             -                                    15
                 Total Egypt                                                                 1                        15                       -             -                      -             -               -             -                                    15
 Germany         Landesamt für Bergbau, Energie & Geologie; Hannover/Niedersachsen           -                        -                        -             4                      -             -               -             -                                    4
                 Landesamt für Bergbau, Energie & Geologie Schleswig Holstein                -                        -                        -             14                     -             -               -             -                                    14
                 Total Germany                                                               -                        -                        -             18                     -             -               -             -                                    18
 Indonesia       SKK Migas                                                                   1                        66                       -             -                      -             -               -             -                                    66
                 Directorate General of Taxes                                                -                        -                        18            -                      -             -               -             -                                    18
                 Total Indonesia                                                             1                        66                       18            -                      -             -               -             -                                    84
 Libya           NOC Tripoli                                                                 -                        9                        -             -                      -             -               -             -                                    9
                 Total Libya                                                                 -                        9                        -             -                      -             -               -             -                                    9
 Mexico          Fondo Mexicano del Petróleo para la Estabilización y el Desarrollo (FMP)    -                        -                        -             8                      -             -               2             -                                    10
                 Servicio de Administración Tributaria (SAT)                                 -                        -                        -             -                      -             -               1             -                                    1
                 Total Mexico                                                                -                        -                        -             8                      -             -               3             -                                    11
 Norway          The Norwegian Tax Administration (Skatteetaten)                             -                        -                        529           -                      -             -               -             -                                    529
                 Norwegian Offshore Directorate                                              -                        -                        -             -                      -             -               10            -                                    10
                 Total Norway                                                                -                        -                        529           -                      -             -               10            -                                    539
 United Kingdom  HM Revenue & Customs                                                        -                        -                        931           -                      -             -               -             -                                    931
                 North Sea Transition Authority                                              -                        -                        -             -                      -             -               11            -                                    11
                 The Crown Estate                                                            -                        -                        -             -                      -             -               1             -                                    1
                 Total UK                                                                    -                        -                        931           -                      -             -               12            -                                    943
 Vietnam         Petro Vietnam                                                               -                        17                       -             -                      -             -               -             -                                    17
                 HCM Tax Department                                                          -                        -                        16            7                      -             -               -             -                                    23
                 Vung Tau Customs office                                                     -                        -                        -             3                      -             -               -             -                                    3
                 Total Vietnam                                                               -                        17                       16            10                     -             -               -             -                                    43
 Total Group                                                                                 2                        107                      1,498         55                     -             -               25            -                                    1,685

 

 

 

Enquiries:

Harbour Energy
plc
Tel: 020 7730 1111

Elizabeth Brooks, SVP Investor Relations

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