REG - Tullow Oil PLC Tullow Oil PLC - FP Tullow Oil PLC - NP - Report on Payments to Govts

Tullow OilAnnouncement

30/06/2020 10:00

RNS Number : 2992R
  
Tullow Oil PLC
  
30 June 2020
  
 

Tullow Oil plc
Report on payments to governments for the year 2019
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2019 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 on pages 145 to 151 of the Company's Annual Report and Accounts.
This report is available for download from http://www.tullowoil.com/investors/regulatory-news.
Disclosure by licence and country



 


           Production          

            Entitlement


Production
Entitlements*


Income Taxes


Royalties
(Cash only)






Dividends


  Bonus      Payments


 Licence Fees


Infrastructure Improvements 




 


 BBL000


        $000


$000


$000






$000


$000


$000


$000




CI-26 Espoir


-


3,275


-


-






-


-


-


-




Total Cote d'Ivoire


-


3,275


-


-






-


-


-


-




Ceiba


125


7,529


-


-






-


-


-


-




Okume Complex


301


18,111


-


-






-


-


-


-




Tullow Equatorial Guinea Ltd.


-


-


39,970


-






-


-


-


-




Total Equatorial Guinea


426


25,640


39,970


-






-


-


-


-




Echira


-


-


-


2,887






-


-


-


-




Ezanga


-


-


-


4,979






-


-


-


-




Simba


-


-


-


11,978






-


-


-


-




Limande


-


-


-


2,477






-


-


-


-




M'Oba


-


-


-


263






-


-


-


-




Niungo


-


-


-


3,981






-


-


-


-




Tchatamba Marin


-


-


-


10,404






-


-


-


-




Turnix


-


-


-


1,526






-


-


-


-




Oba


-


-


-


1,384






-


-


-


-




Ruche


-


-


-


1,472






-


-


-


-




Tullow Oil Gabon SA


-


-


50,538


-






-


-


-


-




Total Gabon


-


-


50,538


41,351






-


-


-


-




Deep Water Tano


-


-


-


-






-


-


-


-




Jubilee Field Unit area


614


37,984


-


-






-


-


-


372




TEN Development area


526


31,692


-


-






-


-


-


17




Tullow Ghana Ltd.


-


-


75,000


-






-


-


78


1,203




Total Ghana


1,141


68,677


75,000


-






-


-


78


1,592




PSC B (Chinguetti EEA)


-


-


-


-






-


-


35


-




Block C-3


-


-


-


-






-


-


22


-




Total Mauritania


-


-


-


-






-


-


57


-




Block 10BA


-


-


-


-






-


-


347


-




Block 10BB


-


-


-


-






-


-


93


-




Block 13T


-


-


-


-






-


-


19


-




Total Kenya


-


-


-


-






-


-


459


-




PEL 37


-


-


2


-






-


-


-


-




Total Zambia


-


-


2


-






-


-


-


-




PEL 37


-


-


-


-






-


-


151


-




Total Namibia


-


-


-


-






-


-


151


-




Block MLO 114


-


-


-


-






-


-


6


-




Block MLO 119


-


-


-


-






-


-


5


-




Block MLO 122


-


-


-


-






-


-


4


-




Total Argentina


-


-


-


-






-


-


15


-



 
 
 
 



 


Production entitlements


Production entitlements*


Income

taxes


Royalties 
(cash only)


Dividends


Bonus payments


Licence

fees


Infrastructure improvement 




 


BBL 000


$000


$000


$000


$000


$000


$000


$000










































Tullow Uganda Ltd.


-


-


-


-


-


-


158


-




Total Uganda


-


-


-


-


-


-


158


-




Orinduik


-


-


-


-


-


-


40


-




Total Guyana


-


-


-


-


-


-


40


-




Walton Morant


-


-


-


-


-


-


128


-




Total Jamaica


-


-


-


-


-


-


128


-




Kelvin


-


-


-


-


-


-


2


-




Katy


-


-


-


-


-


-


(1)


-




CMS


-


-


-


-


-


-


1


-




P060


-


-


-


-


-


-


22


-




P039


-


-


-


-


-


-


54


-




P852


-


-


-


-


-


-


91


-




TOSL


-


-


25,705


-


-


-


-


-




TOSK


-


-


24,257


-


-


-


-


-




Total UK


-


-


49,962


-


-


-


169


             -




Tullow Norway


-


-


(38,414)


-


-


-


-


-




Total Norway


-


-


(38,414)


-


-


-


-


-




 
 


































 








































 








































 



















*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.
 
 
 
Disclosure by government








 
 
 
 
Production

Entitlements


 
 
 
 
Production entitlements*


 
 
 
 
Income taxes


 
 
 
 
Royalties (cash only)


 
 
 
 
Dividends


 
 
 
 
Bonus payments


 
 
 
 
Licence fees


 
 
 
 
Infrastructure improvement 


 









bbls'000


USD'000


USD'000


USD'000


USD'000


USD'000


USD'000


USD'000


 








































 




Ministry of Energy & Mining


-


-


-


-


-


-


15


-


 




Total Argentina


-


-


-


-


-


-


15


-


 




The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources


-


3,275


-


-


-


-


-


-


 




Total Côte d'Ivoire


-


3,275


-


-


-


-


-


-


 




Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy 


-


18,511


-


-


-


-


-


-


 




Ministere Du Budget Et Du Portefeuille De L'Etat, Direction Générale Des Impôts


-


-


39,570


-


-


-


-


-


 




Total Equatorial Guinea


-


18,511


39,570


-


-


-


-


-


 




DGE (General management of taxes)


-


-


50,538


-


-


-


-


-


 




Gabonese Public Treasury - Ministry of Finance


-


-


-


41,352


-


-


-


-


 




Total Gabon


-


-


50,538


41,352


-


-


-


-


 




Ghana National Petroleum Corporation


1,141


68,677


-


-


-


-


-


-


 




Ghana Revenue Authority


-


-


75,000


-


-


-


78


1,592


 




Total Ghana


1,141


68,677


75,000


-


-


-


78


1,592


 




Hydrocarbon Fund, République Islamique de Mauritanie


-


-


-


-


-


-


35


-


 














































bbls'000


USD'000


USD'000


USD'000


USD'000


USD'000


USD'000


USD'000




Mauritanian Finance Ministry & Direction of Environmental Commission


-


-


-


-


-


-


22


-




Total Mauritania


-


-


-


-


-


-


57


-




Ministry of Energy and Petroleum


-


-


-


-


-


-


-


459




Total Kenya


-


-


-


-


-


-


-


459




Ministry of Mines and Energy


-


-


-


-


-


-


151


-




Total Namibia


-


-


-


-


-


-


151


-




Zambia Revenue Authority


-


-


2


-


-


-


-


-




Total Zambia


-


-


2


-


-


-


-


-




Ministry of Energy and Minerals Development


-


-


-


-


-


-


158


-




Total Uganda


-


-


-


-


-


-


158


-




Guyana Geology and Mines Commission (GGMC)


-


-


-


-


-


-


40


-




Total Guyana


-


-


-


-


-


-


40


-




Petroleum Corporation of Jamaica


-


-


-


-


-


-


128


-




Total Jamaica


-


-


-


-


-


-


128


-




Belastingdienst


-


-


-


-


-


-


-


-




Total Netherlands


-


-


-


-


-


-


-


-




Norwegian Tax Administration.


-


-


(38,414)


-


-


-


-


-




Total Norway


-


-


(38,414)


-


-


-


-


-




Department of Business, Energy & Industrial Strategy


-


-


-


-


-


-


169


-




Her Majesties Revenue and Customs


-


-


(49,962)


-


-


-


-


-




Total UK


-


-


(49,962)


-


-


-


169


-






















 
*Where production entitlement is paid in barrels this has been multiplied by the Group's 2019 average realised oil price of $60.2/bbl. Production entitlements disclosed for Ghana excludes 614,357 bbls and 526,453 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.
 


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