TULLOW OIL PLC (LON:TLW) Report on payments to governments for 2016

Transparency directive : regulatory news

30/06/2017 07:00
Tullow Oil PLC  -  TLW   

Report on payments to governments for 2016

Released 07:00 30-Jun-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

 

 

Production entitlements

Production entitlements*

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fee's

Infrastructure improvement 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 d'Ivoire

-

2,277

-

-

-

-

-

-

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 Madagascar

-

-

-

-

-

-

150

-

Corporate

-

-

1

-

-

-

-

-

Total Mozambique

-

-

1

-

-

-

-

-

Company level

-

-

-

-

-

-

105

-

Total Namibia

-

-

-

-

-

-

105

-

Corporate

-

-

31

-

-

-

-

-

Total South Africa

-

-

31

-

-

-

-

-

Corporate

-

-

36,059

-

-

-

158

-

Total Uganda

-

-

36,059

-

-

-

158

-

Corporate

-

-

(1,129)

-

-

-

-

-

Total Ireland

-

-

(1,129)

-

-

-

-

-

Walton Morant

-

-

-

-

-

-

133

-

Total Jamaica

-

-

-

-

-

-

133

-

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 entitlements

Production entitlements*

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fee's

Infrastructure improvement payments

Licence / Company level

bbls

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Republic of Congo, Ministere des Hydrocarbures

167

10,254

-

-

-

-

-

-

Total Congo

167

10,254

-

-

-

-

-

-

The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources

-

2,277

-

-

-

-

-

-

Total Cote d'Ivoire

-

2,277

-

-

-

-

-

-

Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy

475

29,165

-

-

-

-

-

-

Republica de Guinea Ecuatorial, Ministeria de Hacienda y Presupuestas

-

-

8,982

-

-

-

-

-

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 mines et de la geologie

-

-

-

-

-

-

28

-

OFFICE GUINEEN DE RECHERCHE ET DE PROMOTION PETROLIERE

-

-

-

-

-

-

-

119

Total Guinea

-

-

-

-

-

-

28

119

MINISTRY OF ENERGY AND PETROLEUM 

39

2,395

-

-

-

-

-

-

Mauritanian Finance Ministry & Direction of Environmental Commission

-

-

-

-

-

-

352

-

Total Mauritania

39

2,395

-

-

-

-

352

-

FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA, MINISTRY OF MINES, PETROLEUM & NATURAL GAS

-

-

-

-

-

-

441

-

Ethiopia - Payment made to 3rd party

-

-

-

-

-

-

-

169

Total Ethiopia

-

-

-

-

-

-

441

169

Kenya Revenue Authority

-

-

9

-

-

-

-

-

Ministry of Energy

-

-

-

-

-

-

614

-

Total Kenya

-

-

9

-

-

-

614

-

OMNIS

-

-

-

-

-

-

150

-

Total Madagascar

-

-

-

-

-

-

150

-

Ministério das Finanças

-

-

1

-

-

-

-

-

Total Mozambique

-

-

1

-

-

-

-

-

Ministerial Deposit Account

-

-

-

-

-

-

105

-

Total Namibia

-

-

-

-

-

-

105

-

South African Revenue Services

-

-

31

-

-

-

-

-

Total South Africa

-

-

31

-

-

-

-

-

Uganda Revenue Authority

-

-

36,059

-

-

-

-

-

Ministry of Energy and Minerals Development

-

-

-

-

-

-

158

-

Total Uganda

-

-

36,059

-

-

-

158

-

Revenue Commissioners

-

-

(1,129)

-

-

-

-

-

Total Ireland

-

-

 (1,129)

-

-

-

-

-

Petroleum Corporation of Jamaica

-

-

-

-

-

-

133

-

Total Jamaica

-

-

-

-

-

-

133

-

Belastingdienst

-

-

8,215

-

-

-

303

-

Total Netherlands

-

-

8,215

-

-

-

303

-

Norwegian Petroleum Directorate

-

-

-

-

-

-

34

-

Norwegian Tax Administration.

-

-

(60,215)

-

-

-

-

-

Total Norway

-

-

(60,215)

-

-

-

34

-

Ministry of petroleum & natural resources

-

-

54

-

-

-

14

14

Total Pakistan

-

-

54

-

-

-

14

14

Oil & Gas Authority

-

-

-

-

-

-

1,472

-

Her Majesties Revenue and Customs

-

-

51,126

-

-

-

-

-

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.


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