TIDMKOS
RNS Number : 4713C
Kosmos Energy Limited
13 June 2023
Kosmos Energy Ltd
Report on payments to government for the year 2022
Introduction
Kosmos Energy Ltd. has prepared the following report of payments
made to governments for the year ended December 31, 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). The Payments
to Government data are reflective of select payments made to
government entities by Kosmos Energy Ltd.. These payments are
categorized consistent with the Report on Payments to Governments
Regulations 2014 (as amended in December 2015) (the
Regulations).
Payments to Governments (USD) (1)
São
Equatorial Tomé United
Guinea Ghana Mauritania and Príncipe Senegal States
------------ ------------- ---------- ------------------ ------- ------------
Income Taxes (2) $ 35,990,000 $ 203,344,000 $ - $ - $ - $ 8,555,000
------------ ------------- ---------- ------------------ ------- ------------
Royalties (BOE)
(3) 527,000 696,000 - - - 1,003,000
------------ ------------- ---------- ------------------ ------- ------------
Royalties ($s)
(4) $ 53,396,000 $ 70,519,000 $ - $ - $ - $ 88,102,000
------------ ------------- ---------- ------------------ ------- ------------
Dividends $ - $ - $ - $ - $ - $ -
------------ ------------- ---------- ------------------ ------- ------------
Bonuses (5) $ - $ - $ - $ - $ - $ 798,000
------------ ------------- ---------- ------------------ ------- ------------
License Fees (6) $ 35,000 $ 26,000 $ - $ - $ - $ 2,030,000
------------ ------------- ---------- ------------------ ------- ------------
Infrastructure
Improvement $ - $ - $ - $ - $ - $ -
----------------- ------------ ------------- ---------- ------------------ ------- ------------
Total $ 89,421,000 $ 273,889,000 $ - $ - $ - $ 99,485,000
------------ ------------- ---------- ------------------ ------- ------------
FOOTNOTES
1 Government includes any national, regional, or local authority
of a country, and includes a department, agency or entity that is a
subsidiary of a government, including a national oil company.
2 Income taxes - Inclusive of tax refunds received. This is based on taxes assessed on income.
3 Royalties - Royalties are paid to the Government of Ghana and
the Republic of Equatorial Guinea in barrels of oil out of Kosmos
Energy's working interest share of production and as reported by
the third-party operator. United States royalties are payments to
the United States Office of Natural Resources Revenue (ONRR) based
on actual production from offshore-------- federal leases.
4 Royalties - The value of royalties for Equatorial Guinea and
Ghana are estimated based on the annual average of daily Brent
prices of $101.32 during 2022. United States royalties are actual
payments to the United States ONRR.
5 Bonuses - Payments made to the federal government when acquiring offshore leases.
6 License Fees - Payments made primarily to the federal
government for annual rentals and applications for permits.
Introduction - Supplemental Information
In addition to the above Payments to Governments, Kosmos Energy
Ltd. has prepared the following supplemental information for the
year ended 31 December 2022.
Payments to Governments (USD) - Supplemental Information
São
Equatorial Tomé United
Guinea Ghana Mauritania and Príncipe Senegal States
------------ ----------- ---------- ------------------ --------- -----------
Supplementary Disclosures
---------------------------------------------------------------------------------
Production Entitlements
(bbls) (1) 655,000 - - - - -
------------ ----------- ---------- ------------------ --------- -----------
Estimated Production
Entitlements ($s) (1) $ 66,365,000 $ - $ - $ - $ - $ -
------------ ----------- ---------- ------------------ --------- -----------
Envt, Capacity Building
& Social Projects (3) $ 9,000 $ - $ 275,000 $ - $ 26,000 $ -
------------ ----------- ---------- ------------------ --------- -----------
Training (3) $ 695,000 $ - - $ - $ - $ - $ -
------------ ----------- ---------- ------------------ --------- -----------
Taxes (Non-Income) (2
4) $ 209,000 $ 8,124,000 $ 536,000 $ 39,000 $ 592,000 $ 5,925,000
------------ ----------- ---------- ------------------ --------- -----------
FOOTNOTES
1 Production entitlements are paid to the Republic of Equatorial
Guinea in barrels of oil based on their participating interest. The
production entitlement amounts presented represent Kosmos Energy's
participating share received by the Republic of Equatorial Guinea.
The value of the production entitlements disclosed above are based
on the annual average of daily Brent prices of $101.32 during 2022.
These figures exclude 15.594 Bscf of associated Jubilee and TEN
sold to GNPC during the year.
2 Inclusive of any tax refunds received.
3 Represents payments made directly to government for
satisfaction of obligations per the Petroleum Agreements and/or
Petroleum Sharing Contracts (PSCs), as applicable. In addition to
the numbers above, Kosmos made payments to national oil company
employees in accordance with training obligations per the PSCs
totaling $8,600 in São Tomé and Príncipe.
4 Primarily withholding taxes on interest payments, employer
paid payroll-related taxes, and property taxes paid on pipe and
tangible goods inventory stored at various onshore locations in the
United States. These values are exclusive of withholding or similar
taxes remitted on behalf of service providers.
Payments to Governments - Receiving Entity-Level Disclosures (1)
Estimated
Production Production
Entitlements Entitlements Income Royalties
(bbls) ($s) Taxes (BOE) Royalties
(2) (2) (3) (2) ($s) (2) Dividends
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Ministry of Mines
and
Hydrocarbons 655,000 66,365,000 - 527,000 53,396,000 -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Tresoreria General - - 35,990,000 - - -
Del
Estado
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Instituto Nacional - - - - - -
de
Seguridad Social de
Guinea Ecuatorial
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Fondo de Formacion - - - - - -
del
Ministerio de Minas
e
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Excmo Ayuntamiento - - - - - -
de
Malabo
--------------------------------- --------------------------------- --------------------------------- ---------------------------------
Tresor Public De - - - - - -
Guinee
Equatoriale Depots
--------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Various - - - - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total
Equatorial
Guinea 655,000 $ 66,365,000 $ 35,990,000 527,000 $ 53,396,000 $ -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Government of
Republic
of Ghana - - - 696,000 70,519,000 -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Petroleum - - - - - -
Commission
of Ghana
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Registrar General
Department
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Social Security & - - - - - -
Nat'l
Insura
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Ghana Revenue - - 203,344,000 - - -
Authority
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Electricity Company - - - - - -
of Ghana
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total Ghana - $ - $ 203,344,000 696,000 $ 70,519,000 $ -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Caisse Nationale - - - - - -
D'Assuramce
Maladie
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Caisse Nationale De - - - - - -
Securite Sociale
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Tresorier General - - - - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Commissariat à - - - - - -
la
Sécurité
Alimentaire
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Various - - - - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total - $ - $ - - $ - $ -
Mauritania
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
INSS - Instituto - - - - - -
Nacional
De Seguranca Social
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Tesouro Publico - - - - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Direcao Geral Das - - - - - -
Alfandegas
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total São - $ - $ - - $ - $ -
Tomé
and
Príncipe
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Chef du Bureau de - - - - - -
Recouvrement
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Senegal Retirement - - - - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Senegal Social - - - - - -
Security
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Parc National des - - - - - -
Oiseaux
du Djoudj
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total Senegal - $ - $ - - $ - $ -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
ONRR - - - 1,003,000 88,102,000 -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Internal Revenue - - 8,395,000 - - -
Service
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Various - - 160,000 - - -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total United
States
of America - $ - $ 8,555,000 1,003,000 $ 88,102,000 $ -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
Total 655,000 $ 66,365,000 $ 247,889,000 2,226,000 $ 212,017,000 $ -
--------------------------------- --------------------------------- --------------------------------- --------------------------------- --------------------------------- ---------------------------------
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments
made to governments for the year ended December 31, 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). The Payments
to Government data are reflective of select payments made to
government entities by Kosmos Energy Ltd.. These payments are
categorized consistent with the Report on Payments to Governments
Regulations 2014 (as- amended in December 2015) (the Regulations).
Kosmos Energy has also included supplementary disclosures of
payments to governments in addition to those prescribed by the
Regulations. Please see the footnotes below for further detail on
the payments we made to our host country governments in 2022.
1 Our summary, project-level and receiving-entity level payments
to government disclosures are also available on our website at
www.kosmosenergy.com/transparency .
2 Production entitlements are paid to the Republic of Equatorial
Guinea in barrels of oil based on their participating interest. The
production entitlement amounts presented represent Kosmos Energy's
participating share received by the Republic of Equatorial Guinea.
Royalties are paid to the Government of Ghana and the Republic of
Equatorial Guinea in barrels of oil out of Kosmos Energy's working
interest share of production and as reported by the third-party
operator. These figures exclude 15.594 Bscf of associated Jubilee
and TEN sold to GNPC during the year. The value of the
international royalties and production entitlements disclosed above
are based on the annual average of daily Brent prices of $101.32
during 2022. United States royalties are actual payments to the
United States Office of Natural Resources Revenue (ONRR) based on
actual production from offshore federal leases.
3 Inclusive of tax refunds received. This is based on taxes assessed on income.
4 Represents payments made directly to government for
satisfaction of obligations per the Petroleum Agreements and/or
Petroleum Sharing Contracts (PSCs), as applicable. In addition to
the numbers above, Kosmos made payments to national oil company
employees in accordance with training obligations per the PSCs
totaling $8,600 in São Tomé and Príncipe.
5 Primarily withholding taxes on interest payments, employer
paid payroll-related taxes, and property taxes paid on pipe and
tangible goods inventory stored at various onshore locations in the
United States. These values are exclusive of withholding or similar
taxes remitted on behalf of service providers.
Payments to Governments - Receiving Entity-Level Disclosures (1)
Environment,
Capacity
Building
& Social Taxes
License Infrastructure Projects Training (Non-Income)
Bonuses Fees Improvement (4) (4) (5) TOTAL
---------- ------------ -------------- ------------ ---------- ------------- --------------
Ministry of Mines
and
Hydrocarbons - - - 2,000 281,000 - $ 120,044,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Tresoreria General
Del
Estado - 35,000 - - - 135,000 $ 36,160,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Instituto Nacional
de
Seguridad Social
de
Guinea Ecuatorial - - - - - 61,000 $ 61,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Fondo de Formacion
del
Ministerio de
Minas
e - - - - 414,000 - $ 414,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Excmo Ayuntamiento
de
Malabo - - - - - 13,000 $ 13,000
-------------- ------------ ---------- ------------- --------------
Tresor Public De - - - - - - $ -
Guinee
Equatoriale Depots
------------ -------------- ------------ ---------- ------------- --------------
Various - - - 7,000 - - $ 7,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total
Equatorial
Guinea $ - $ 35,000 $ - $ 9,000 $ 695,000 $ 209,000 $ 156,699,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Government of
Republic
of Ghana - - - - - - $ 70,519,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Petroleum
Commission
of Ghana - 19,000 - - - - $ 19,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Registrar General
Department 7,000 - - - - $ 7,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Social Security &
Nat'l
Insura - - - - - 149,000 $ 149,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Ghana Revenue
Authority - - - - - 7,934,000 $ 211,278,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Electricity Company
of Ghana - - - - - 41,000 $ 41,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total Ghana $ - $ 26,000 $ - $ - $ - $ 8,124,000 $ 282,013,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Caisse Nationale
D'Assuramce
Maladie - - - - - 72,000 $ 72,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Caisse Nationale De
Securite Sociale - - - - - 7,000 $ 7,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Tresorier General - - - - - 457,000 $ 457,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Commissariat à
la
Sécurité
Alimentaire - - - 269,000 - - $ 269,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Various - - - 6,000 - - $ 6,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total
Mauritania $ - $ - $ - $275,000 $ - $ 536,000 $ 811,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
INSS - Instituto
Nacional
De Seguranca
Social - - - - - 11,000 $ 11,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Tesouro Publico - - - - - 28,000 $ 28,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Direcao Geral Das - - - - - - $ -
Alfandegas
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total São
Tomé
and
Príncipe $ - $ - $ - $ - $ - $ 39,000 $ 39,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Chef du Bureau de
Recouvrement - - - - - $580,000 $ 580,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Senegal Retirement - - - - - $12,000 $ 12,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Senegal Social - - - - - $- $ -
Security
---------- ------------ -------------- ------------ ---------- ------------- --------------
Parc National des
Oiseaux
du Djoudj - - - 26,000 - $- $ 26,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total Senegal $ - $ - $ - $ 26,000 $ - $ 592,000 $ 618,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
ONRR 798,000 2,030,000 - - - - $ 90,930,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Internal Revenue
Service - - - - - - $ 8,395,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Various - - - - - 5,925,000 $ 6,085,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total United
States
of America $ 798,000 $ 2,030,000 $ - $ - $ - $ 5,925,000 $ 105,410,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total $ 798,000 $ 2,091,000 $ - $ 310,000 $ 695,000 $ 15,425,000 $ 545,590,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments
made to governments for the year ended December 31, 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). The Payments
to Government data are reflective of select payments made to
government entities by Kosmos Energy Ltd.. These payments are
categorized consistent with the Report on Payments to Governments
Regulations 2014 (as- amended in December 2015) (the Regulations).
Kosmos Energy has also included supplementary disclosures of
payments to governments in addition to those prescribed by the
Regulations. Please see the footnotes below for further detail on
the payments we made to our host country governments in 2022.
1 Our summary, project-level and receiving-entity level payments
to government disclosures are also available on our website at
www.kosmosenergy.com/transparency .
2 Production entitlements are paid to the Republic of Equatorial
Guinea in barrels of oil based on their participating interest. The
production entitlement amounts presented represent Kosmos Energy's
participating share received by the Republic of Equatorial Guinea.
Royalties are paid to the Government of Ghana and the Republic of
Equatorial Guinea in barrels of oil out of Kosmos Energy's working
interest share of production and as reported by the third-party
operator. These figures exclude 15.594 Bscf of associated Jubilee
and TEN sold to GNPC during the year. The value of the
international royalties and production entitlements disclosed above
are based on the annual average of daily Brent prices of $101.32
during 2022. United States royalties are actual payments to the
United States Office of Natural Resources Revenue (ONRR) based on
actual production from offshore federal leases.
3 Inclusive of tax refunds received. This is based on taxes assessed on income.
4 Represents payments made directly to government for
satisfaction of obligations per the Petroleum Agreements and/or
Petroleum Sharing Contracts (PSCs), as applicable. In addition to
the numbers above, Kosmos made payments to national oil company
employees in accordance with training obligations per the PSCs
totaling $8,600 in São Tomé and Príncipe.
5 Primarily withholding taxes on interest payments, employer
paid payroll-related taxes, and property taxes paid on pipe and
tangible goods inventory stored at various onshore locations in the
United States. These values are exclusive of withholding or similar
taxes remitted on behalf of service providers.
Payments to Governments - Project-Level Disclosures (1)
Estimated
Production Production
Entitlements Entitlements Income Royalties
(bbls) ($s) Taxes (BOE) Royalties
(2) (2) (3) (2) ($s) (2) Dividends
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Ceiba Field 230,000 23,304,000 - 176,000 17,832,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Okume Complex
Field 425,000 43,061,000 - 351,000 35,564,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Equatorial
Guinea Block
S - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Equatorial
Guinea Block
W - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Equatorial
Guinea Block
21 - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Equatorial
Guinea Block
24 - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level -
Kosmos
Equatorial
Guinea, Inc. - - 35,980,000 - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level -
Kosmos
Energy
Equatorial
Guinea - - 10,000 - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total
Equatorial
Guinea 655,000 $ 66,365,000 $ 35,990,000 527,000 $ 53,396,000 $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Jubilee - - - 601,000 60,894,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
TEN - - - 95,000 9,625,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
West Cape Three
Points - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Deepwater Tano - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level - - 203,344,000 - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total Ghana - $ - $ 203,344,000 696,000 $ 70,519,000 $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total
Mauritania - $ - $ - - $ - $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total Sao
Tome and
Principe - $ - $ - - $ - $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total
Senegal - $ - $ - - $ - $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Mississippi
Canyon - - - 546,000 49,539,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
De Soto Canyon - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Garden Banks - - - 16,000 1,416,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Green Canyon - - - 441,000 37,147,000 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Keathley Canyon - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Walker Ridge - - - - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Company Level - - 8,555,000 - - -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total
United
States
of America - $ - $ 8,555,000 1,003,000 $ 88,102,000 $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
Total 655,000 $ 66,365,000 $ 247,889,000 2,226,000 $ 212,017,000 $ -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments
made to governments for the year ended December 31, 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). The Payments
to Government data are reflective of select payments made to
government entities by Kosmos Energy Ltd.. These payments are
categorized consistent with the Report on Payments to Governments
Regulations 2014 (as amended in December 2015) (the Regulations).
Kosmos Energy has also included supplementary disclosures of
payments to governments in addition to those prescribed by the
Regulations. Please see the footnotes below for further detail on
the payments we made to our host country governments in 2022.
1 Our summary, project-level and receiving-entity level payments
to government disclosures are also available on our website at
www.kosmosenergy.com/transparency .
2 Production entitlements are paid to the Republic of Equatorial
Guinea in barrels of oil based on their participating interest. The
production entitlement amounts presented represent Kosmos Energy's
participating share received by the Republic of Equatorial Guinea.
Royalties are paid to the Government of Ghana and the Republic of
Equatorial Guinea in barrels of oil out of Kosmos Energy's working
interest share of production and as reported by the third-party
operator. These figures exclude 15.594 Bscf of associated Jubilee
and TEN sold to GNPC during the year. The value of the
international royalties and production entitlements disclosed above
are based on the annual average of daily Brent prices of $101.32
during 2022. United States royalties are actual payments to the
United States Office of Natural Resources Revenue (ONRR) based on
actual production from offshore federal leases.
3 Inclusive of tax refunds received. This is based on taxes assessed on income.
4 Represents payments made directly to government for
satisfaction of obligations per the Petroleum Agreements and/or
Petroleum Sharing Contracts (PSCs), as applicable. In addition to
the numbers above, Kosmos made payments to national oil company
employees in accordance with training obligations per the PSCs
totaling $8,600 in São Tomé and Príncipe.
5 Primarily withholding taxes on interest payments, employer
paid payroll-related taxes, and property taxes paid on pipe and
tangible goods inventory stored at various onshore locations in the
United States. These values are exclusive of withholding or similar
taxes remitted on behalf of service providers.
Payments to Governments - Project-Level Disclosures (1)
Environment,
Capacity
Building
& Social Taxes
License Infrastructure Projects Training (Non-Income)
Bonuses Fees Improvement (4) (4) (5) TOTAL
---------- ------------ -------------- ------------ ---------- ------------- --------------
Ceiba Field - 2,000 - - - - $ 41,138,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Okume Complex Field - 2,000 - - - - $ 78,627,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Equatorial Guinea
Block
S - 31,000 - - 104,000 52,250 $ 187,250
---------- ------------ -------------- ------------ ---------- ------------- --------------
Equatorial Guinea
Block
W - - - - 244,000 52,250 $ 296,250
---------- ------------ -------------- ------------ ---------- ------------- --------------
Equatorial Guinea
Block
21 - - - - 243,000 52,250 $ 295,250
---------- ------------ -------------- ------------ ---------- ------------- --------------
Equatorial Guinea
Block
24 - - - - 104,000 52,250 $ 156,250
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level -
Kosmos
Equatorial Guinea,
Inc. - - - - - - $ 35,980,000
-------------- ------------ ---------- ------------- --------------
Company Level -
Kosmos
Energy Equatorial
Guinea - - - 9,000 - - $ 19,000
------------ -------------- ------------ ---------- ------------- --------------
Total
Equatorial
Guinea $ - $ 35,000 $ - $ 9,000 $ 695,000 $ 209,000 $ 156,699,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Jubilee - - - - - - $ 60,894,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
TEN - - - - - - $ 9,625,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
West Cape Three
Points 13,000 - - - - $ 13,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Deepwater Tano - 13,000 - - - - $ 13,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level - - - - - 8,124,000 $ 211,468,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total Ghana $ - $ 26,000 $ - $ - $ - $ 8,124,000 $ 282,013,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level - - - 275,000 - 536,000 $ 811,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total
Mauritania $ - $ - $ - $275,000 $ - $ 536,000 $ 811,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level - - - - - 39,000 $ 39,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total São
Tomé
and
Príncipe $ - $ - $ - $ - $ - $ 39,000 $ 39,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level - - - 26,000 - 592,000 $ 618,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total Senegal $ - $ - $ - $ 26,000 $ - $ 592,000 $ 618,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Mississippi Canyon - 944,000 - - - - $ 50,483,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
De Soto Canyon - 375,000 - - - - $ 375,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Garden Banks - 13,000 - - - - $ 1,429,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Green Canyon 798,000 50,000 - - - - $ 37,995,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Keathley Canyon - 195,000 - - - - $ 195,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Walker Ridge - 253,000 - - - - $ 253,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Company Level - 200,000 - - - 5,925,000 $ 14,680,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total United
States
of America $ 798,000 $ 2,030,000 $ - $ - $ - $ 5,925,000 $ 105,410,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
Total $ 798,000 $ 2,091,000 $ - $ 310,000 $ 695,000 $ 15,425,000 $ 545,590,000
---------- ------------ -------------- ------------ ---------- ------------- --------------
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments
made to governments for the year ended December 31, 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). The Payments
to Government data are reflective of select payments made to
government entities by Kosmos Energy Ltd.. These payments are
categorized consistent with the Report on Payments to Governments
Regulations 2014 (as- amended in December 2015) (the Regulations).
Kosmos Energy has also included supplementary disclosures of
payments to governments in addition to those prescribed by the
Regulations. Please see the footnotes below for further detail on
the payments we made to our host country governments in 2022.
1 Our summary, project-level and receiving-entity level payments
to government disclosures are also available on our website at
www.kosmosenergy.com/transparency .
2 Production entitlements are paid to the Republic of Equatorial
Guinea in barrels of oil based on their participating interest. The
production entitlement amounts presented represent Kosmos Energy's
participating share received by the Republic of Equatorial Guinea.
Royalties are paid to the Government of Ghana and the Republic of
Equatorial Guinea in barrels of oil out of Kosmos Energy's working
interest share of production and as reported by the third-party
operator. These figures exclude 15.594 Bscf of associated Jubilee
and TEN sold to GNPC during the year. The value of the
international royalties and production entitlements disclosed above
are based on the annual average of daily Brent prices of $101.32
during 2022. United States royalties are actual payments to the
United States Office of Natural Resources Revenue (ONRR) based on
actual production from offshore federal leases.
3 Inclusive of tax refunds received. This is based on taxes assessed on income.
4 Represents payments made directly to government for
satisfaction of obligations per the Petroleum Agreements and/or
Petroleum Sharing Contracts (PSCs), as applicable. In addition to
the numbers above, Kosmos made payments to national oil company
employees in accordance with training obligations per the PSCs
totaling $8,600 in São Tomé and Príncipe.
5 Primarily withholding taxes on interest payments, employer
paid payroll-related taxes, and property taxes paid on pipe and
tangible goods inventory stored at various onshore locations in the
United States. These values are exclusive of withholding or similar
taxes remitted on behalf of service providers.
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END
PGRFFFIIRSIFLIV
(END) Dow Jones Newswires
June 13, 2023 02:00 ET (06:00 GMT)
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