We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kosmos Energy Ltd | LSE:KOS | London | Ordinary Share | COM SHS USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 474.00 | 454.00 | 494.00 | 0.00 | 16:28:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.7B | 213.52M | 0.4529 | 13.07 | 2.79B |
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
PGRFFFIIRSIFLIV
(END) Dow Jones Newswires
June 13, 2023 02:00 ET (06:00 GMT)
1 Year Kosmos Energy Chart |
1 Month Kosmos Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions