Cairn Energy PLC Report on payments to governments (3281J)

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: [phone]

Media

Linda Bain, Corporate Affairs Tel: [phone]

Cairn Energy PLC

Patrick Handley, David Litterick Tel: [phone]

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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June 28, 2017 04:00 ET (08:00 GMT)