TIDMTLW TIDMTTM TIDMTTM
RNS Number : 6669J
Tullow Oil PLC
30 June 2017
Tullow Oil plc
Report on payments to governments for the year 2016
Introduction
Tullow Oil plc has prepared the following consolidated report in
respect of payments made to governments for the year ended 31
December 2016 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 Guidance and Transparency Rules. Further details,
including the basis of preparation, can be found on pages 167 to
171 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
Royalties Infrastructure
Production Production Income (cash Bonus Licence improvement
entitlements entitlements* taxes only) Dividends payments fee's payments
bbls $'000 $'000 $'000 $'000 $'000 $'000 $'000
------------- ------------- -------------- --------- ---------- ---------- ---------- -------- ---------------
M'Boundi 167 10,254 - - - - - -
Total Congo 167 10,254 - - - - - -
CI-103 - 2,277 - - - - - -
Total Cote - 2,277 - - - - - -
d'Ivoire
Ceiba 109 6,693 - - - - - -
Okume
Complex 366 22,472 - - - - - -
Corporate - - 8,982 - - - - -
Total
Equatorial
Guinea 475 29,165 8,982 - - - - -
Echira - - - 1,194 - - - -
Etame - - - 1,618 - - - -
Ezanga - - - 2,176 - - - -
Limande - - - 2,285 - - - -
M'Oba - - - 61 - - - -
Niungo - - - 2,085 - - - -
Tchatamba - - - 6,927 - - - -
Turnix - - - 1,012 - - - -
Corporate -
Tullow Oil
Gabon SA - - - 217 - 30,000 - -
Oba - - - 770 - - - -
Total Gabon - - - 18,345 - 30,000 - -
Jubilee 478 29,349 - - - - - 348
TEN 125 7,675 - - - - - 193
Company
level - - 27,314 - - - 75 2,981
Total Ghana 603 37,024 27,314 - - - 75 3,522
Company
level - - - - - - 28 119
Total Guinea - - - - - - 28 119
PSC B
(Chinguetti
EEA) 39 2,395 - - 0 - 258 -
Corporate - - - - - - 94 -
Total
Mauritania 39 2,395 - - - - 352 -
South Omo - - - - - - 441 169
Corporate - - - - - - - -
Total
Ethiopia - - - - - - 441 169
Corporate - - 9 - - - 614 -
Total Kenya - - 9 - - - 614 -
Block 3111 - - - - - - 150 -
Total - - - - - - 150 -
Madagascar
Corporate - - 1 - - - - -
Total - - 1 - - - - -
Mozambique
Company - - - - - - 105 -
level
Total - - - - - - 105 -
Namibia
Corporate - - 31 - - - - -
Total South - - 31 - - - - -
Africa
Corporate - - 36,059 - - - 158 -
Total Uganda - - 36,059 - - - 158 -
Corporate - - (1,129) - - - - -
Total - - (1,129) - - - - -
Ireland
Walton - - - - - - 133 -
Morant
Total - - - - - - 133 -
Jamaica
Corporate - - 8,215 - - - 303 -
Total
Netherlands - - 8,215 - - - 303 -
Corporate - - (60,215) - - - 34 -
Total Norway - - (60,215) - - - 34 -
Corporate - - 54 - - - 14 14
Total
Pakistan - - 54 - - - 14 14
Schooner - - - - - - 448 -
Corporate - - 51,126 - - - 1,024 -
Total UK - - 51,126 - - - 1,472 -
TOTAL 1,284 81,115 70,447 18,345 - 30,000 3,879 3,824
------------- ------------- -------------- --------- ---------- ---------- ---------- -------- ---------------
*Where production entitlement is paid in barrels this has been
multiplied by the Group's 2016 average realised oil price of
$61.4/bbl.
Disclosure by government
Production Production Income Royalties Dividends Bonus Licence Infrastructure
entitlements entitlements* taxes (cash payments fee's improvement
only) payments
Licence / bbls $'000 $'000 $'000 $'000 $'000 $'000 $'000
Company
level
Republic of
Congo,
Ministere
des
Hydrocarbures 167 10,254 - - - - - -
Total Congo 167 10,254 - - - - - -
The Republic - 2,277 - - - - - -
of Cote
d'Ivoire,
Ministry of
Mines and
Petroleum
Resources
Total Cote - 2,277 - - - - - -
d'Ivoire
Republic of
Equatorial
Guinea,
Ministry
of Mines,
Industry
and Energy 475 29,165 - - - - - -
Republica de - - 8,982 - - - - -
Guinea
Ecuatorial,
Ministeria
de Hacienda
y Presupuestas
Total Equatorial
Guinea 475 29,165 8,982 - - - - -
Gabonese Public
Treasury -
Ministry of
Finance - - - 18,345 - 30,000 - -
Total Gabon - - - 18,345 - 30,000 - -
Ghana National
Petroleum
Corporation 603 37,024 - - - - - -
Ghana Revenue
Authority - - 27,314 - - - 75 -
Ghana Health
Service and
Ghana Education
Service - - - - - - - 3,522
Total Ghana 603 37,024 27,314 - - - 75 3,522
Minestere des - - - - - - 28 -
mines et de
la geologie
OFFICE GUINEEN
DE RECHERCHE
ET DE PROMOTION
PETROLIERE - - - - - - - 119
Total Guinea - - - - - - 28 119
MINISTRY OF
ENERGY AND
PETROLEUM 39 2,395 - - - - - -
Mauritanian - - - - - - 352 -
Finance Ministry
& Direction
of Environmental
Commission
Total Mauritania 39 2,395 - - - - 352 -
FEDERAL - - - - - - 441 -
DEMOCRATIC
REPUBLIC OF
ETHIOPIA,
MINISTRY
OF MINES,
PETROLEUM
& NATURAL GAS
Ethiopia -
Payment made
to 3rd party - - - - - - - 169
Total Ethiopia - - - - - - 441 169
Kenya Revenue - - 9 - - - - -
Authority
Ministry of - - - - - - 614 -
Energy
Total Kenya - - 9 - - - 614 -
OMNIS - - - - - - 150 -
Total Madagascar - - - - - - 150 -
Ministério - - 1 - - - - -
das
Finanças
Total Mozambique - - 1 - - - - -
Ministerial - - - - - - 105 -
Deposit Account
Total Namibia - - - - - - 105 -
South African - - 31 - - - - -
Revenue Services
Total South - - 31 - - - - -
Africa
Uganda Revenue - - 36,059 - - - - -
Authority
Ministry of - - - - - - 158 -
Energy and
Minerals
Development
Total Uganda - - 36,059 - - - 158 -
Revenue - - (1,129) - - - - -
Commissioners
Total Ireland - - (1,129) - - - - -
Petroleum - - - - - - 133 -
Corporation
of Jamaica
Total Jamaica - - - - - - 133 -
Belastingdienst - - 8,215 - - - 303 -
Total
Netherlands - - 8,215 - - - 303 -
Norwegian - - - - - - 34 -
Petroleum
Directorate
Norwegian Tax - - (60,215) - - - - -
Administration.
Total Norway - - (60,215) - - - 34 -
Ministry of
petroleum &
natural
resources - - 54 - - - 14 14
Total Pakistan - - 54 - - - 14 14
Oil & Gas - - - - - - 1,472 -
Authority
Her Majesties - - 51,126 - - - - -
Revenue and
Customs
Total UK - - 51,126 - - - 1,472 -
TOTAL 1,284 81,115 70,447 18,345 - 30,000 3,879 3,824
----------------- ------------- -------------- --------- ---------- ---------- --------- -------- ---------------
*Where production entitlement is paid in barrels this has been
multiplied by the Group's 2016 average realised oil price of
$61.4/bbl.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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