Premier Oil PLC Report on Payments to Govts (3911O)

TIDMPMO

RNS Number : 3911O

Premier Oil PLC

29 May 2020

PREMIER OIL PLC

("Premier" or the "Company")

Report on Payments to Governments for the year ended 31 December 2019

Premier today provides information in accordance with DTR 4.3A in respect of payments made by the Company to governments for the year ended 31 December 2019 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).

This information, together with the basis of preparation, can also be found on pages 176 and 177 of the 2019 Annual Report and Financial Statements which is available to download at: https://www.premieroil.com/investors/results-centre

 
                                                                                                                               Payments by Licence 
 Country       Licence/company    Production                  Production                  Income                       Royalties                Dividends               Bonus                 Licence                Infrastructure                   Total 
                level              entitlements                entitlements                taxes                        (cash                                            payments              fees                   improvement 
                                                                                                                        only)                                                                                         payments 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
                                  bbls (000)                  US$ (000)                   US$ (000)                    US$ (000)                US$ (000)               US$ (000)             US$ (000)              US$ (000)                        US$ (000) 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 Falkland 
  Islands        Sealion                                  -                           -                            -                        -                       -                     -                    375                                -                           375 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Total Falkland 
    Islands                                               -                           -                            -                        -                       -                     -                    375                                -                           375 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
                 Natuna Sea 
   Indonesia     Block A                              2,958                     162,005                       25,026                        -                       -                     -                      -                                -                       187,031 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Total Indonesia                                   2,958                     162,005                       25,026                        -                       -                     -                      -                                -                       187,031 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
   Mexico        Block 11                                 -                           -                            -                        -                       -                     -                    826                                -                           826 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Block 13                                              -                           -                            -                        -                       -                     -                    827                                -                           827 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Total Mexico                                          -                           -                            -                        -                       -                     -                  1,653                                -                         1,653 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 United 
  Kingdom        Johnston                                 -                           -                            -                        -                       -                     -                    242                                -                           242 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Huntington                                            -                           -                            -                        -                       -                     -                    246                                -                           246 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Brenda                                                -                           -                            -                        -                       -                     -                    170                                -                           170 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Catcher                                               -                           -                            -                        -                       -                     -                    781                                -                           781 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Tolmount                                              -                           -                            -                        -                       -                     -                    830                                -                           830 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Corporate                                             -                           -                        (440)                        -                       -                     -                      -                                -                         (440) 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Total UK                                              -                           -                        (440)                        -                       -                     -                  2,269                                -                         1,829 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 

   Vietnam       Chim Sao                               640                      37,972                            -                        -                       -                   456                      -                                -                        38,428 
              -----------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Corporate                                             -                           -                       53,363                   13,294                       -                     -                      -                                -                        66,657 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
    Total Vietnam                                       640                      37,972                       53,363                   13,294                       -                   456                      -                                -                       105,085 
 ------------------------------  --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
   Total Group                                        3,598                     199,977                       77,949                   13,294                       -                   456                  4,297                                -                       295,973 
                                 --------------------------  --------------------------  ---------------------------  -----------------------  ----------------------  --------------------  ---------------------  -------------------------------  ---------------------------- 
 
 
                                                                                                                             Payments by Government 
 Country      Government             Production                  Production                  Income                       Royalties               Dividends             Bonus                Licence                Infrastructure                   Total 
                                      entitlements                entitlements                taxes                        (cash only)                                   payments             fees                   improvement 
                                                                                                                                                                                                                     payments 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
                                     bbls (000)                  US$ (000)                   US$ (000)                    US$ (000)               US$ (000)             US$ (000)            US$ (000)              US$ (000)                        US$ (000) 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
              Falkland Island 
               Government 
               - Department 
 Falkland      of Mineral 
  Islands      Resources                                     -                           -                            -                       -                     -                    -                    375                                -                           375 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
  Total Falkland 
   Islands                                                   -                           -                            -                       -                     -                    -                    375                                -                           375 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
 Indonesia    SKK Migas                                  2,958                     162,005                            -                       -                     -                    -                      -                                -                       162,005 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
  Directorate 
   General of 
   Taxes                                                     -                           -                       25,026                       -                     -                    -                      -                                -                        25,026 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
  Total Indonesia                                        2,958                     162,005                       25,026                       -                     -                    -                      -                                -                       187,031 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
              Fondo Mexicano 
               del Petróleo 
               para la 
               Estabilización 
               y el Desarrollo 
 Mexico        (FMP)                                         -                           -                            -                       -                     -                    -                    661                                -                           661 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
  Servicio de 
   Administración 
   Tributaria 
   (SAT)                                                     -                           -                            -                       -                     -                    -                    992                                -                           992 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
  Total Mexico                                               -                           -                            -                       -                     -                    -                  1,653                                -                         1,653 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 United       HM Revenue 
  Kingdom      & Customs                                     -                           -                        (440)                       -                     -                    -                      -                                -                         (440) 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
  Oil and Gas 
   Authority                                                 -                           -                            -                       -                     -                    -                  2,269                                -                         2,269 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
  Total UK                                                   -                           -                        (440)                       -                     -                    -                  2,269                                -                         1,829 

 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
 Vietnam      Petro Vietnam                                640                      37,972                            -                       -                     -                  456                      -                                -                        38,428 
             ---------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
  HCM Tax Department                                         -                           -                       53,363                   9,463                     -                    -                      -                                -                        62,826 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
  Vung Tau Customs 
   office                                                    -                           -                            -                   3,831                     -                    -                      -                                -                         3,831 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
  Total Vietnam                                            640                      37,972                       53,363                  13,294                     -                  456                      -                                -                       105,085 
 ---------------------------------  --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 
 Total Group                                             3,598                     199,977                       77,949                  13,294                     -                  456                  4,297                                -                       295,973 
                                    --------------------------  --------------------------  ---------------------------  ----------------------  --------------------  -------------------  ---------------------  -------------------------------  ---------------------------- 
 

Enquiries:

Premier Oil plc

   Mike Karaiskos, Group Financial Controller      Tel: [phone] 
   Elizabeth Brooks, Investor Relations                  Tel: [phone] 

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May 29, 2020 10:00 ET (14:00 GMT)