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TLW Tullow Oil Plc

31.16
-0.34 (-1.08%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.34 -1.08% 31.16 31.04 31.20 31.72 30.92 31.40 4,178,068 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.78B 49.1M 0.0338 9.18 451.36M

Tullow Oil PLC Report on payments to governments for 2016 (6669J)

30/06/2017 7:01am

UK Regulatory


Tullow Oil (LSE:TLW)
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From Mar 2019 to Mar 2024

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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

PGRBCGDLLSDBGRC

(END) Dow Jones Newswires

June 30, 2017 02:01 ET (06:01 GMT)

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