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PFC Petrofac Limited

27.42
1.42 (5.46%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.42 5.46% 27.42 27.34 27.80 27.96 26.00 26.00 5,159,801 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 2.59B -310M -0.5996 -0.46 141.55M

Petrofac Limited: Report on payments to governments (1386503)

29/06/2022 9:54am

UK Regulatory


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Petrofac Limited ( PFC) Petrofac Limited: Report on payments to governments 29-Jun-2022 / 09:54 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

----------------------------------------------------------------------------------------------------------------------- Press Release

Petrofac Limited

(the Company)

Reports on Payments to Governments for the year ended 31 December 2021.

Petrofac today provides information in accorance with DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules in respect of payments made by the Company to governments for the year ended 31 December 2021 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209) as enacted in the UK in December 2014 and as amended in December 2015. The following schedules detail the payments made by, or to, Petrofac Limited and its subsidiary undertakings to, or from, the governments of Malaysia and Thailand arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) during the reporting period:

Year ended 31 December 2021

 
Malaysia 
 
 
 
Project Report 
                     Taxes      Royalties2               Fees       Total 
                                Volume      Value 
                     USUSD'0001    '000 bbls  USUSD'0001     USUSD'0001   USUSD'0001 
 
PM304                -          70          5,397        218        5,615 
2021 Total           -          70          5,397        218        5,615 
 
 
 
Government Report 
                     Taxes      Royalties2               Fees       Total 
                                Volume           Value 
                     USUSD'0001   '000 bbls   USUSD'0001     USUSD'0001   USUSD'0001 
 
Inland Revenue Board -          -           -            -          - 
PETRONAS             -          70          5,397        218        5,615 
2021 Total           -          70          5,397        218        5,615 
 
 
 
 
Thailand 
 
 
 
Project Report 
                                   Taxes3     Royalties            Fees      Total 
                                              Volume     Value 
                                   USUSD'0001    '000 bbls USUSD'000   USUSD'000   USUSD'0001 
 
Jasmine                            1,270      -          -         -         1,270 
2021 Total                         1,270      -          -         -         1,270 
 
 
 
Government Report 
                                   Taxes3     Royalties            Fees      Total 
                                              Volume     Value 
                                   USUSD'0001   '000 bbls  USUSD'000   USUSD'000   USUSD'0001 
 
The Revenue Department of Thailand 1,270      -          -         -         1,270 
2021 Total                         1,270      -          -         -         1,270 
 

Notes: 1. Payments made or received in local currencies are translated at the average exchange rate for the year. 2. Certain royalty payments are made in kind, the value of which is calculated with reference to marketrates at the time of the payment. 3. Taxes withheld from income earned by the Petrofac Group have been included within the amounts listed as"Taxes" in the tables shown above, despite the fact that the amounts withheld were not directly paid to thegovernment by the Petrofac Group. This approach represents a more complete view of the taxes borne by Petrofac inThailand. 4. In line with the UK Regulations, where a payment or a series or related payments have not exceededGBP84,000, they have not been disclosed. 5. No other businesses within the Petrofac Group are impacted by this legislation and its reportingrequirements.

For further information contact:

Petrofac Limited

+44 (0) 20 7811 4900

Jonathan Yarr, Head of Investor Relations

jonathan.yarr@petrofac.com

Alison Flynn, Group Head of Communications

alison.flynn@petrofac.com

Tulchan Communications Group

+44 (0) 20 7353 4200

petrofac@tulchangroup.com

Martin Robinson

NOTES TO EDITORS

Petrofac

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do.

Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,200 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com.

-----------------------------------------------------------------------------------------------------------------------

ISIN:           GB00B0H2K534 
Category Code:  PGR 
TIDM:           PFC 
LEI Code:       2138004624W8CKCSJ177 
OAM Categories: 1.3. Payments to governments 
Sequence No.:   171447 
EQS News ID:    1386503 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1386503&application_name=news

 

(END) Dow Jones Newswires

June 29, 2022 04:54 ET (08:54 GMT)

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