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TLW Tullow Oil Plc

35.52
0.00 (0.00%)
23 Apr 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
  0.00 0.00% 35.52 35.36 35.48 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.71 515.93M

Tullow Oil PLC Report on payments to governments 2017 (0958T)

29/06/2018 1:00pm

UK Regulatory


Tullow Oil (LSE:TLW)
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RNS Number : 0958T

Tullow Oil PLC

29 June 2018

Tullow Oil plc

Report on payments to governments for the year 2017

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2017 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 on pages 169 to 175 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

 
                                                                                                        Infrastructure 
                    Production    Production   Income   Royalties                   Bonus      Licence   improvement 
                   entitlements  entitlements   taxes  (cash only)   Dividends    payments       fees      payments 
-----------------  ------------  ------------  ------  ------------  ---------  -------------  -------  -------------- 
                      BBL000         $000       $000       $000        $000         $000        $000         $000 
South Omo               -             -          -          -            -            -           -           25 
Tullow Ethiopia 
B.V.                    -             -          -          -            -            -           -           - 
Total Ethiopia          -             -          -          -            -            -           -           25 
M'Boundi                63          3,673        -          -            -            -           -           - 
Total Congo             63          3,673        -          -            -            -           -           - 
CI-26 Espoir            40          2,354        -          -            -            -           -           - 
CI-301                  -             -          -          -            -            -          375          - 
CI-302                  -             -          -          -            -            -          375          - 
CI-518                  -             -          -          -            -            -          375          - 
CI-519                  -             -          -          -            -            -          375          - 
Tullow Cote 
d'Ivoire 
Exploration Ltd.        -             -          -          -            -            -           -           - 
Total Cote 
 d'Ivoire               40          2,354        -          -            -            -         1,500         - 
Ceiba                  123          7,171        -          -            -            -           -           - 
Okume Complex          336          19,589       -          -            -            -           -           - 
Tullow Equatorial 
 Guinea Ltd.            -             -        21,647       -            -            -           -           - 
Total Equatorial 
 Guinea                459          26,760     21,647       -            -            -           -           - 
Echira                  -             -          -        2,434          -            -           -           - 
Ezanga                  -             -          -        2,465          -            -           -           - 
Ingongo                 -             -          -          64           -            -           -           - 
Limande                 -             -          -        4,177          -            -           -           - 
M'Oba                   -             -          -          94           -            -           -           - 
Niungo                  -             -          -        4,024          -            -           -           - 
Tchatamba               -             -          -        8,449          -            -           -           - 
Turnix                  -             -          -        1,772          -            -           -           - 
Tullow Oil Gabon 
 SA                     -             -          -          -            -          5,000         -           - 
Oba                     -             -          -        1,561          -            -           -           - 
Tulipe Oil SA           -             -          -          -            -            -           -           - 
Total Gabon             -             -          -        25,040         -          5,000         -           - 
Jubilee                581          33,872       -          -            -            -           -          246 
TEN                    482          28,101       -          -            -            -           -           30 
Tullow Ghana Ltd.       -             -          -          -            -            -          59         1,087 
Total Ghana           1,063         61,973       -          -            -            -          59         1,363 
Block C-3               -             -          -          -            -            -          29           - 
Block C-10              -             -          -          -            -            -          24           - 
Block C-18              -             -          -          -            -            -          26           - 
PSC B (Chinguetti 
 EEA)                   28          1,632        -          -            -            -          258          - 
Tullow Petroleum 
Mauritania Pty 
Ltd                     -             -          -          -            -            -           -           - 
Tullow Mauritania 
Ltd.                    -             -          -          -            -            -           -           - 
Total Mauritania        28          1,632        -          -            -            -          337          - 
 
 
                                                                                                        Infrastructure 
                Production    Production     Income     Royalties                   Bonus      Licence   improvement 
               entitlements  entitlements     taxes    (cash only)   Dividends    payments       fees      payments 
-------------  ------------  -------------  --------  -------------  ---------  -------------  -------  -------------- 
                 BBL 000         $000         $000        $000         $000         $000        $000         $000 
Block 10BA          -              -           -            -            -            -          231          - 
Block 10BB          -              -           -            -            -            -          93           - 
Block 12A           -              -           -            -            -            -          46           - 
Block 12B           -              -           -            -            -            -          62           - 
Block 13T           -              -           -            -            -            -          19           - 
Tullow Kenya 
 B.V.               -              -           1            -            -            -           -          195 
Total Kenya         -              -           1            -            -            -          451         195 
Tullow 
 Mozambique 
 Ltd.               -              -           1            -            -            -           -           - 
Total 
 Mozambique         -              -           1            -            -            -           -           - 
PEL 37              -              -           -            -            -            -          124          - 
Tullow 
Namibia Ltd.        -              -           -            -            -            -                       - 
Total Namibia       -              -           -            -            -            -          124          - 
PEL 28              -              -           -            -            -            -          78          100 
Tullow Zambia 
B.V.                -              -           -            -            -            -                       - 
Total Zambia        -              -           -            -            -            -          78          100 
Tullow South 
 Africa Pty 
 Ltd.               -              -          271           -            -            -           -           - 
Total South 
 Africa             -              -          271           -            -            -           -           - 
Tullow Uganda 
 Operations 
 Pty                -              -         2,375          -            -            -          158          - 
Tullow Uganda 
 Ltd.               -              -         33,684         -            -            -           -           - 
Total Uganda        -              -         36,059         -            -            -          158          - 
Tullow Oil 
 Ltd.               -              -           (485)        -            -            -           -           - 
Total Ireland       -              -          (485)         -            -            -           -           - 
Orinduik            -              -           -            -            -            -          40           - 
Tullow Guyana 
B.V.                -              -           -            -            -            -           -           - 
Total Guyana        -              -           -            -            -            -          40           - 
Walton Morant       -              -           -            -            -            -          128          - 
Tullow 
Jamaica Ltd.        -              -           -            -            -            -           -           - 
Total Jamaica       -              -           -            -            -            -          128          - 
E10                 -              -           -            -            -            -          60           - 
E11                 -              -           -            -            -            -          66           - 
E14                 -              -           -            -            -            -          69           - 
E15b                -              -           -            -            -            -           3           - 
E15c                -              -           -            -            -            -          34           - 
F16E                -              -           -            -            -            -           1           - 
Tullow 
Overseas 
Holdings B.V.       -              -           -            -            -            -           -           - 
Tullow Exp. & 
 Prod. 
 Netherlands 
 B.V.               -              -        (3,921)         -            -            -           -           - 
Total 
 Netherlands        -              -        (3,921)         -            -            -          233          - 
 
 
                                                              Royalties                                 Infrastructure 
                   Production     Production       Income       (cash                 Bonus    Licence    improvement 
                   entitlements   entitlements      taxes       only)    Dividends   payments    fees      payments 
----------------  -------------  -------------  ------------  ---------  ---------  ---------  -------  -------------- 
                     BBL 000         $000           $000        $000       $000       $000      $000         $000 
Tullow Oil Norge 
 AS                     -              -         (122,729)        -          -          -         -           - 
Total Norway            -              -         (122,729)        -          -          -         -           - 
Bannu West              -              -             -            -          -          -         -           6 
Kalchas                 -              -             -            -          -          -        10           9 
Kohat                   -              -             -            -          -          -         6           12 
Kohlu                   -              -             -            -          -          -         6           9 
Tullow Pakistan 
 Developments 
 Ltd.                   -              -             29           -          -          -         -           - 
Total Pakistan          -              -             29           -          -          -        22           36 
Tullow Group 
 Services 
 Ltd.- Singapore        -              -            113           -          -          -         -           - 
Total Singapore         -              -            113           -          -          -         -           - 
Boulton B&F             -              -             -            -          -          -        58           - 
Murdoch                 -              -             -            -          -          -        241          - 
Schooner                -              -             -            -          -          -        218          - 
Munro (44/17B)          -              -             -            -          -          -        84           - 
Kelvin                  -              -             -            -          -          -        118          - 
Katy                    -              -             -            -          -          -        106          - 
CMS                     -              -             -            -          -          -         4           - 
P039                    -              -             -            -          -          -        123          - 
P852                    -              -             -            -          -          -        233          - 
Tullow Group 
Services 
Ltd.                    -              -             -            -          -          -         -           - 
Tullow Oil SK 
 Ltd                    -              -             (8,244)      -          -          -         -           - 
Total UK                -              -             (8,244)      -          -          -       1,185         - 
 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2017 average realised oil price of $58.3/bbl. Production entitlements disclosed for Ghana excludes 4,467,372 bbls and 3,067,887 bbls taken by GNPC in respect of its equity interest in the Jubilee and TEN respectively.

Disclosure by government

 
                     Produc-tion     Produc-tion      Income     Royalties   Dividends    Bonus     Licence   Infras-tructure 
                    entitle-ments   entitle-ments*     taxes       (cash                 payments     fees      improve-ment 
                                                                   only)                                          payments 
                   ==============  ===============  ==========  ==========  ==========  =========  ========  ================ 
                      bbls'000         USD'000        USD'000     USD'000     USD'000    USD'000    USD'000       USD'000 
                   ==============  ===============  ==========  ==========  ==========  =========  ========  ================ 
 Ethiopia - 
  Payment 
  made to 3rd 
  party                         -                -           -           -           -          -         -                25 
 Total Ethiopia                 -                -           -           -           -          -         -                25 
 Republic of 
  Congo, 
  Ministere des 
  Hydrocarbures                63            3,673           -           -           -          -         -                 - 
 Total Congo 
  (Brazzaville)                63            3,673           -           -           -          -         -                 - 
 The Republic of 
  Cote d'Ivoire, 
  Ministry of 
  Mines 
  and Petroleum 
  Resources                    40            2,354           -           -           -          -     1,500                 - 
 Total Côte 
  d'Ivoire                     40            2,354           -           -           -          -     1,500                 - 
 Republic of 
  Equatorial 
  Guinea, 
  Ministry 
  of Mines, 
  Industry 
  and Energy                  459           26,760           -           -           -          -         -                 - 
 Republica de 
 Guinea 
 Ecuatorial, 
 Ministeria 
 de Hacienda y 
 Presupuestas                   -                -      21,647           -           -          -         -                 - 
 Total Equatorial 
  Guinea                      459           26,760      21,647           -           -          -         -                 - 
 Gabonese Public 
  Treasury - 
  Ministry 
  of Finance                    -                -           -      25,040           -      5,000         -                 - 
 Total Gabon                    -                -           -      25,040           -      5,000         -                 - 
 Ghana Health 
  Service 
  and Ghana 
  Education 
  Service                       -                -           -           -           -          -         -             1,363 
 Ghana National 
  Petroleum 
  Corporation               1,063           61,973           -           -           -          -         -                 - 
 Ghana Revenue 
  Authority                     -                -           -           -           -          -        59                 - 
 Total Ghana                1,063           61,973           -           -           -          -        59             1,363 
 Mauritanian 
 Finance 
 Ministry & 
 Direction 
 of Environmental 
 Commission                     -                -           -           -           -          -       337                 - 
 Ministry of 
  Energy 
  and Peteroleum               28            1,632           -           -           -          -         -                 - 
 Total Mauritania              28            1,632           -           -           -          -       337                 - 
 Kenya Revenue 
  Authority                     -                -           1           -           -          -         -               195 
 Ministry of 
 Energy 
 and Petroleum                  -                -           -           -           -          -       451                 - 
 Total Kenya                    -                -           1           -           -          -       451               195 
 Ministério 
 das 
 Finanças                  -                -           1           -           -          -         -                 - 
 Total Mozambique               -                -           1           -           -          -         -                 - 
 Ministerial 
 Deposit 
 Account                        -                -           -           -           -          -       124                 - 
 Total Namibia                  -                -           -           -           -          -       124                 - 
 Zambian Ministry 
 of Mines and 
 Mineral 
 Development                    -                -           -           -           -          -        78                 - 
 University of 
  Zambia                        -                -           -           -           -          -         -               100 
 Total Zambia                   -                -           -           -           -          -        78               100 
 South African 
 Revenue Services               -                -         271           -           -          -         -                 - 
 Total South 
 Africa                         -                -         271           -           -          -         -                 - 
 Ministry of 
 Energy 
 and Minerals 
 Development                    -                -           -           -           -          -       158                 - 
 Uganda Revenue 
  Authority                     -                -      36,059           -           -          -         -                 - 
 Total Uganda                   -                -      36,059           -           -          -       158                 - 
 Revenue 
 Commissioners                  -                -       (485)           -           -          -         -                 - 
 Total Ireland                  -                -       (485)           -           -          -         -                 - 
 Petroleum 
 Commission 
 of Guyana                      -                -           -           -           -          -        40                 - 
 Total Guyana                   -                -           -           -           -          -        40                 - 
 Petroleum 
 Corporation 
 of Jamaica                     -                -           -           -           -          -       128                 - 
 Total Jamaica                  -                -           -           -           -          -       128                 - 
 Belastingdienst                -                -     (3,921)           -           -          -       233                 - 
 Total 
  Netherlands                   -                -     (3,921)           -           -          -       233                 - 
 Norwegian Tax 
  Administration.               -                -   (122,729)           -           -          -         -                 - 
 Total Norway                   -                -   (122,729)           -           -          -         -                 - 
 Ministry of 
  Petroleum 
  and Natural 
  Resources                     -                -           -           -           -          -        22                14 
 Federal Board 
  of Revenue                    -                -          29           -           -          -         -                 - 
 Total Pakistan                 -                -          29           -           -          -        22                36 
 Inland Revenue 
 Authority of 
 Singapore                      -                -         113           -           -          -         -                 - 
 Total Singapore                -                -         113           -           -          -         -                 - 
 Department of 
 Business, Energy 
 & Industrial 
 Stratergy                      -                -           -           -           -          -     1,185                 - 
 Her Majesties 
 Revenue and 
 Customs                        -                -     (8,244)           -           -          -         -                 - 
 Total UK                       -                -     (8,244)           -           -          -     1,185                 - 
 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2017 average realised oil price of $58.3/bbl. Production entitlements disclosed for Ghana excludes 4,467,372 bbls and 3,067,887 bbls received by GNPC in respect of its equity interest in Jubilee and TEN, respectively.

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.

END

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June 29, 2018 08:00 ET (12:00 GMT)

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