REG-Petrofac Limited Petrofac Limited: Reports on Payments to Governments for the year ended 31 December 2022.

PetrofacAnnouncement

30/06/2023 12:00

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   Petrofac Limited ( PFC)
   Petrofac Limited: Reports on Payments to Governments for the year ended 31
   December 2022.

   30-Jun-2023 / 11:54 GMT/BST

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                                 Press Release

     

                                Petrofac Limited

                                 (the Company)

                                        

   Reports on Payments to Governments for the year ended 31 December 2022

   Petrofac today provides  information in  accordance with DTR  4.3A of  the
   Financial Conduct Authority’s Disclosure  Rules and Transparency Rules  in
   respect of payments made by the Company to governments for the year  ended
   31 December  2022  and in  compliance  with  The Reports  on  Payments  to
   Governments Regulations  2014  (SI 2014/3209)  as  enacted in  the  UK  in
   December 2014 and as amended in December 2015.

   The following  schedules detail  the  payments made  by, or  to,  Petrofac
   Limited and its subsidiary  undertakings to, or  from, the governments  of
   Malaysia and Thailand arising  from activities involving the  exploration,
   prospection, discovery, development  and extraction of  minerals, oil  and
   natural gas deposits or other materials (extractive activities) during the
   reporting period:

   Year ended 31 December 2022 

    
                                                                             
   Malaysia
                  
                                                                             
   Project        
   Report
                  Taxes          Royalties2           Fees        Total      
                                 Volume     Value                            
                 US$'0001     '000 bbls  US$'0001   US$'0001       US$'0001  
                                                                             
   PM304                -           141    15,771        645         16,416  
   2022 Total           -           141    15,771        645         16,416  
                                                                             
    Government Report                                                        
                  Taxes          Royalties2           Fees        Total      
                            Volume                                           
                            Value
                 US$'0001   '000 bbls    US$'0001   US$'0001       US$'0001  
                                                                             
   PETRONAS             -           141    15,771        645                 
                                                                     16,416
   2022 Total           -           141    15,771        645         16,416  
                                                                             
                                                                             
                                                                             
                                                                             

    

    

    
                                                                             
   Thailand
    
                                                                             
   Project Report
                          Taxes3        Royalties         Fees      Total    
                                        Volume   Value                       
                         US$'0001    '000 bbls US$'000   US$'000   US$'0001  
                                                                             
   Jasmine                  1,287            -       -         -      1,287  
   2022 Total               1,287            -       -         -      1,287  
                                                                             
   Government Report                                                         
                          Taxes3        Royalties         Fees      Total    
                                        Volume   Value                       
                         US$'0001    '000 bbls US$'000   US$'000   US$'0001  
                                                                             
   The Revenue
   Department of            1,287            -       -         -      1,287  
   Thailand
   2022 Total               1,287            -       -         -      1,287  
                                                                             

    

    

   Notes:

    

    1. Payments made or received  in local currencies  are translated at  the
       average exchange rate for the year.
    2. Certain royalty  payments are  made in  kind, the  value of  which  is
       calculated with reference to market rates at the time of the payment.
    3. Taxes withheld  from income  earned by  the Petrofac  Group have  been
       included within  the amounts  listed as  “Taxes” in  the tables  shown
       above, even though the amounts withheld were not directly paid to  the
       government by the  Petrofac Group.   This approach  represents a  more
       complete view of the taxes borne by the Company in Thailand. 
    4. In line  with the  UK Regulations,  where  a payment  of a  series  or
       related payments  have  not  exceeded  £86,000,  they  have  not  been
       disclosed.
    5. No other businesses  within the  Petrofac Group are  impacted by  this
       legislation and its reporting requirements.

    

    

    

   For further information contact:

    

   Petrofac Limited

   +44 (0) 20 7811 4900

    

   James Boothroyd, Head of Investor Relations

    1 janes.boothroyd@petrofac.com

    

   Sophie Reid, Group Head of Communications

    2 sophie.reid@petrofac.com

    

   Teneo (for Petrofac)

   +44 (0) 20 7353 4200

   petrofac@teneo.com

    

   Martin Robinson

    

    

    

    

   NOTES TO EDITORS

   Petrofac

    

   Petrofac is a leading international service provider to the energy
   industry, with a diverse client portfolio including many of the world's
   leading energy companies.

    

   Petrofac designs, builds, manages and maintains oil, gas, refining,
   petrochemicals and renewable energy infrastructure. Our purpose is to
   enable our clients to meet the world's evolving energy needs. Our four
   values - driven, agile, respectful and open - are at the heart of
   everything we do.

    

   Petrofac's core markets are in the Middle East and North Africa (MENA)
   region and the UK North Sea, where we have built a long and successful
   track record of safe, reliable and innovative execution, underpinned by a
   cost effective and local delivery model with a strong focus on in-country
   value. We operate in several other significant markets, including India,
   South East Asia and the United States. We have 7,950 employees based
   across 31 offices globally.

    

   Petrofac is quoted on the London Stock Exchange (symbol: PFC).

    

   For additional information, please refer to the Petrofac website at
   petrofac.com

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00B0H2K534
   Category Code:  PGR
   TIDM:           PFC
   LEI Code:       2138004624W8CKCSJ177
   OAM Categories: 1.3. Payments to governments
   Sequence No.:   254792
   EQS News ID:    1670241


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:janes.boothroyd@petrofac.com
   2. mailto:sophie.reid@petrofac.com


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