REG - Tullow Oil PLC - Report on Payments to Governments
08/09/2023 15:45
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RNS Number : 9094L Tullow Oil PLC 08 September 2023
Tullow Oil plc
Report on payments to governments for the year 2022
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of
payments made to governments for the year ended 31 December 2022 in accordance
with the Reports on Payments to Governments Regulations 2014 (2014/3209) as
amended by the Reports on Payments to Governments (Amendment) Regulations 2015
(2015/1928) and DTR 4.3A of the Financial Conduct Authority's Disclosure and
Transparency Rules. Further details, including the basis of preparation, can
be found in the Company's Payment to Government Report. This report is
available for download from:
https://www.tullowoil.com/application/files/2316/7958/7310/2022_Payment_to_Government_Report.pdf
(https://www.tullowoil.com/application/files/2316/7958/7310/2022_Payment_to_Government_Report.pdf)
Disclosure by licence and country
European transparency directive disclosure
2022 Production entitlements Production entitlements Income taxes Royalties (cash only) Bonus payments Licence fees Infrastructure improvement payments Merchant shipping superintendant levy
Licence / Company level BBL000 $000 $000 $000 $000 $000 $000 $000
CI-803 - - - - 2,000 - - -
CI-26 Espoir - - - - - - - -
Total Cote d'Ivoire - - - - 2,000 - - -
Echira - - - 5,750 - - - -
Limande - - - 5,016 - - - -
M'Oba - - - 32 - - - -
Niungo - - - 3,885 - - - -
Oba - - - 2,067 - - - -
Simba - - - 28,111 - - - -
Tchatamba Marin - - - 12,618 - - - -
Turnix - - - 248 - - - -
Tullow Oil Gabon SA - - 82,776 - - - - -
Total Gabon - - 82,776 57,727 - - - -
Deep Water Tano - - - - - 59 - -
Jubilee Field Unit Area 583 51,009 - - - - - -
TEN Development Area 248 21,677 - - - - 968 -
West Cape Three Points - - - - - 18 - -
Tullow Ghana Ltd. - - 162,018 - - - 1,696
Total Ghana 831 72,687 162,018 - - 78 2,664 -
PSC B (Chinguetti EEA) - - - - - 35 - -
Total Mauritania - - - - - 35 - -
Block 10BA - - - - - 306 - -
Block 12B - - - - - 243 - -
Tullow Kenya B.V. - - - - - - - 12
Total Kenya - - - - - 549 - 12
Block MLO 114 - - - - - 146 - -
Block MLO 119 - - - - - 112 - -
Block MLO 122 - - - - - 108 - -
Total Argentina - - - - - 367 - -
Orinduik - - - - - 40 - -
Total Guyana - - - - - 40 - -
Tullow Oil SPE Limited - - - 4,094 - - - -
Tullow Oil SK Limited - - - 18,317 - - - - -
Total UK - - - 22,411 - - - - -
831 72,687 222,382 57,727 2,000 1,069 2,664 12
*Where production entitlement is paid in barrels this has been multiplied by
the Group's 2022 average realised oil price of $87.5/bbl.
Disclosure by government
Production Entitlements Production entitlements* Income taxes Royalties (cash only) Dividends Bonus payments Licence fees Infrastructure improvement Merchant shipping superintendant levy
2022 bbls'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000
Direction Générale des Hydrocarbures - - - - - 2000 - - -
Total Côte d'Ivoire - - - - - 2000 - - -
Adavnce CIT Trésor Public - - 82,776 - - - - - -
Direction Général des Impôts - - - 57,727 - - - - -
Total Gabon - - 82,776 57,727 - - - - -
Ghana National Petroleum Corporation 831 72,687 - - - - - - -
Ghana Revenue Authority - - 162,018 - - - 78 2,664 -
Total Ghana 831 72,687 162,018 - - - 78 2,664 -
Mauritanian Finance Ministry & Direction of Environmental Commission - - - - - - 35 - -
Total Mauritania - - - - - - 35 - -
Ministry of Energy and Petroleum - - - - - - 549 - 12
Total Kenya - - - - - - 549.38 - 12
Secretary of Energy, Ministry of Economy - - - - - - 367 - -
Total Argentina - - - - - - 367 - -
Guyana Geology and Mines Commission (GGMC) - - - - - - 40 - -
Total Guyana - - - - - - 40 - -
Her Majesties Revenue and Customs - - -22,411 - - - - - -
Total UK - - -22,411 - - - - - -
Total 831 72,687 222,382 57,727 0 2,000 1,069 2,664 12
*Where production entitlement is paid in barrels this has been multiplied by
the Group's 2022 average realised oil price of $87.5/bbl.
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