Tullow Oil PLC Report on Payments to Govts

RNS Number : 6447N

Tullow Oil PLC

08 May 2024

 

Tullow Oil plc

Report on payments to governments for the year 2023

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2023 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 and Transparency Rules. Further details, including the basis of preparation, can be found in the Company's Payment to Government Report. This report is available for download from: https://www.tullowoil.com/application/files/8017/1043/4798/Tullow_Payment_to_Government_Report_2023.pdf

Disclosure by licence and country

2023		Production entitlements	Production entitlements	Income taxes	Royalties (cash only)	Bonus payments	Licence fees	Infrastructure improvement payments
Licence / Company level		BBL000	$000	$000	$000	$000	$000	$000
Echira		-	-	-	4,299	-	-	-
Limande		-	-	-	3,352	-	-	-
M'Oba		-	-	-	179	-	-	-
Niungo		-	-	-	3,086	-	-	-
Oba		-	-	-	7,506	-	-	-
Simba		-	-	-	1,496	-	-	-
Tchatamba Marin		-	-	-	10,032	-	-	-
Turnix		-	-	-	991	-	-	-
Tullow Oil Gabon SA		-	-	128,163	-	-	-	-
Total Gabon		-	-	128,163	30,942	-	-	-
Deep Water Tano		-	-	-	-	-	59	-
Jubilee Field Unit Area		593	45,983	-	-	-	-	907
TEN Development Area		184	14,273	-	-	-	-	336
West Cape Three Points		-	-	-	-	-	18	-
Tullow Ghana Ltd.		-	-	157,206	-	-	-	4,291
Total Ghana		777	60,255	157,206	-	-	78	5,534
PSC B (Chinguetti EEA)		-	-	-	-	-	35	-
Total Mauritania		-	-	-	-	-	35	-
Block 10BA		-	-	-	-	-	231	-
Block 10BB							185
Block 12B		-	-	-	-	-	93	-
Block 13T		-	-	-	-	-	38	-
Total Kenya		-	-	-	-	-	547	-
Block MLO 114		-	-	-	-	-	174	-
Block MLO 119		-	-	-	-	-	133	-
Block MLO 122		-	-	-	-	-	129	-
Total Argentina		-	-	-	-	-	436	-
Orinduik		-	-	-	-	-	40	-
Total Guyana		-	-	-	-	-	40	-
Tullow Oil SPE Limited		-	-	-	-	-		-
Tullow Oil SK Limited		-	-	-      15,094	-	-	-	-
Total UK		-	-	-      15,094	-	-	-	-
		777	60,255	270,276	30,942	-	1,136	5,534

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2023 average realised oil price of $77.5/bbl.

 

Disclosure by government

	Production Entitlements		Production entitlements*		Income taxes		Royalties (cash only)		Dividends		Bonus payments		Licence fees	Infrastructure improvement
2023	bbls'000		USD'000		USD'000		USD'000		USD'000		USD'000		USD'000	USD'000
Adavnce CIT Trésor Public	-		-		128,163		-		-		-		-	-
Direction Général des Impôts	-		-		-		30,942		-		-		-	-
Total Gabon	-		-		128,163		30,942		-		-		-	-
Ghana National Petroleum Corporation	777		60,255		-		-		-		-		-	-
Ghana Revenue Authority	-		-		157,206		-		-		-		78	5,534
Total Ghana	777		60,255		157,206		-		-		-		78	5,534
Mauritanian Finance Ministry & Direction of Environmental Commission	-		-		-		-		-		-		35	-
Total Mauritania	-		-		-		-		-		-		35	-
Ministry of Energy and Petroleum	-		-		-		-		-		-		547	-
Total Kenya	-		-		-		-		-		-		547	-
Secretary of Energy, Ministry of Economy	-		-		-		-		-		-		436	-
Total Argentina	-		-		-		-		-		-		436	-
Guyana Geology and Mines Commission (GGMC)	-		-		-		-		-		-		40	-
Total Guyana	-		-		-		-		-		-		40	-
Her Majesties Revenue and Customs	-		-		-15,094		-		-		-		-	-
Total UK	-		-		-15,094		-		-		-		-	-
Total	777		60,255		270,276		30,942		-		-		1,136	5,534

 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2023 average realised oil price of $77.5/bbl.

 

 

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