Cairn Energy PLC Report on payments to governments (3281J)
28 June 2017 - 6:00PM
UK Regulatory
TIDMCNE
RNS Number : 3281J
Cairn Energy PLC
28 June 2017
28 June 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Report on payments to governments for the year ended 31 December
2016
Cairn has prepared the following report in respect of payments
made to governments during the year ended 31 December 2016. The
information provided in this report is in accordance with the
Reports on Payments to Governments Regulations 2014 (2014/3209) and
DTR 4.3A of the Financial Conduct Authority's Disclosure and
Transparency Rules.
The payments disclosed in accordance with the regulations are
payments made or received from national governments on a cash
basis, and are shown based on where the obligation for the payment
arose - i.e. at a project or corporate level.
This report is available to download from our website:
http://www.cairnenergy.com
Disclosure by licence and country
Produc-tion Produc-tion Taxes Royalties Dividends Bonus Licence Infras-tructure
entitle-ments entitle-ments* payments fees improve-ments
bbls'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000
FEL 1/14 - - - - - - 36 -
LO 16/18 - - - - - - 49 -
Corporate - - - - - - 28 -
Total, Ireland - - - - - - 113 -
P2149 (Block - - - - - - 5 -
9/6)
Total, UK - - - - - - 5 -
Corporate - - (35,468) - - - 105 -
Total, Norway - - (35,468) - - - 105 -
Sangomar-Rufisque - - - - - - 107 -
Total, Senegal - - - - - - 107 -
Disclosure by Government
Produc-tion Produc-tion Taxes Royalties Dividends Bonus Licence Infras-tructure
entitle-ments entitle-ments* payments fees improve-ments
bbls'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000
Department of - - - - - - 113 -
Communications,
Energy and Natural
Resources
Total, Ireland - - - - - - 113 -
Department of - - - - - - 5 -
Energy and Climate
Change
Total, UK - - - - - - 5 -
Oljedirektoratet - - - - - - 105 -
Skatteetaten - - (35,468) - - - - -
Total, Norway - - (35,468) - - - 105 -
Société - - - - - - 107 -
des pétroles
du
Sénégal
Total, Senegal - - - - - - 107 -
Enquiries to:
Analysts / Investors
David Nisbet, Corporate Affairs Tel: 0131 475 3000
Media
Linda Bain, Corporate Affairs Tel: 0131 475 3000
Cairn Energy PLC
Patrick Handley, David Litterick Tel: 0207 404 5959
Brunswick Group LLP
NOTES TO EDITORS
Cairn is one of Europe's leading independent oil and gas
exploration and development companies and is listed on the London
Stock Exchange. Cairn has discovered and developed oil and gas
reserves in a variety of locations around the world.
Cairn's business operations are now focused on frontier
exploration acreage in North West Europe, North West Africa and the
North Atlantic, underpinned by interests in development assets in
the North Sea. Cairn has its headquarters in Edinburgh, Scotland
supported by operational offices in London, Norway and Senegal.
Cairn and Corporate Responsibility
Ø Cairn is a signatory to the UN Global Compact and our core
values of respect, responsibility, relationships and our
commitments towards people, the environment and society are
enshrined in our Business Principles, which are available on the
Cairn website at
http://www.cairnenergy.com/index.asp?pageid=282
Ø Cairn became a participating company in the Extractive
Industry Transparency Initiative (EITI) in September 2013. The EITI
is a coalition of governments, companies and civil society, who
have adopted a multi-stakeholder approach to applying the EITI
global standard promoting transparency of payments in the oil, gas
and mining sectors http://eiti.org/
For further information on Cairn please see:
www.cairnenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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