TIDMTLW TIDMTTM TIDMTTM

RNS Number : 0009D

Tullow Oil PLC

24 June 2021

Tullow Oil plc

Report on payments to governments for the year 2020

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2020 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/7416/1652/0285/2020_Payment_to_Government_Report.pdf

Disclosure by licence and country

 
                   Production   Production    Income      Royalties    Dividends  Bonus       Licence   Infrastructure 
                   Entitlement  Entitlements  Taxes       (Cash only)             Payments    Fees      Improvement 
                                * 
-----------------  -----------  ------------  ----------  -----------  ---------  ---------  ---------  -------------- 
                     BBL000         $000         $000        $000        $000       $000       $000          $000 
CI-26 Espoir            -           768           -            -           -          -          -            - 
Total Cote 
 d'Ivoire               -           768           -            -           -          -          -            - 
Ceiba                  101         5,141          -            -           -          -          -            - 
Okume Complex          211         10,740         -            -           -          -          -            - 
Tullow Equatorial 
 Guinea Ltd             -            -          20,744         -           -          -          -            - 
Total Equatorial 
 Guinea                312         15,881       20,744         -           -          -          -            - 
Echira                  -            -            -          1,954         -          -          -            - 
Ezanga                  -            -            -          3,093         -          -          -            - 
Limande                 -            -            -          1,620         -          -          -            - 
M'Oba                   -            -            -           84           -          -          -            - 
Niungo                  -            -            -          2,327         -          -          -            - 
Oba                     -            -            -           776          -          -          -            - 
Ruche                   -            -            -           977          -          -          -            - 
Simba                   -            -            -          5,391         -          -          -            - 
Tchatamba Marin         -            -            -          5,572         -          -          -            - 
Turnix                  -            -            -          1,009         -          -          -            - 
Tullow Oil Gabon 
 SA                     -            -          78,253         -           -          -          -            - 
Total Gabon             -            -          78,253      22,803         -          -          -            - 
Deep Water Tano         -            -            -            -           -          -         59            - 
Jubilee Field 
 Unit area             540         27,486         -            -           -          -          -            - 
TEN Development 
 area                  420         21,378         -            -           -          -          -            68 
West Cape Three 
 Points                 -            -            -            -           -          -         18            - 
Tullow Ghana Ltd        -            -          31,409         -           -          -          -          3,227 
Total Ghana            960         48,864       31,409         -           -          -         77          3,295 
PSC B (Chinguetti 
 EEA)                   -            -            -            -           -          -         35            - 
Block C-3               -            -            -            -           -          -       10,000          - 
Total Mauritania        -            -            -            -           -          -       10,035          - 
Block 12B               -            -            -            -           -          -         93            - 
Tullow Kenya B.V.       -            -            -            -           -          -          -            1 
Total Kenya             -            -            -            -           -          -         93            1 
PEL 37                  -            -            -            -           -          -         129           - 
PEL 90                  -            -            -            -           -          -         40            - 
Total Namibia           -            -            -            -           -          -         169           - 
Tullow Uganda 
 Operation Pty 
 Ltd                    -            -            -            -           -          -         158           - 
Total Uganda            -            -            -            -           -          -         158           - 
Block MLO 114           -            -            -            -           -          -         25            - 
Block MLO 119           -            -            -            -           -          -         19            - 
Block MLO 122           -            -            -            -           -          -         18            - 
Total Argentina         -            -            -            -           -          -         62            - 
 
 
                 Production     Production    Income    Royalties    Dividends      Bonus      Licence  Infrastructure 
                entitlements   entitlements    taxes    (cash only)               payments       fees    improvement 
                                    * 
--------------  -------------  ------------  --------  ------------  ---------  -------------  -------  -------------- 
                   BBL 000         $000        $000        $000        $000         $000        $000         $000 
 
Block 35              -             -           -           -            -            -          16           - 
Block 36              -             -           -           -            -            -          16           - 
Block 37              -             -           -           -            -            -          16           - 
Total Comoros         -             -           -           -            -            -          48           - 
Tullow Peru 
 Ltd                  -             -          149          -            -            -           -           - 
Total Peru            -             -          149          -            -            -           -           - 
Orinduik              -             -           -           -            -            -          40           - 
Total Guyana          -             -           -           -            -            -          40           - 
P039                  -             -           -           -            -            -           5           - 
P060                  -             -           -           -            -            -           5           - 
P852                  -             -           -           -            -            -           5           - 
P037                  -             -           -           -            -            -           5           - 
TOSK                  -             -        (31,060)       -            -            -           -           - 
Total UK              -             -        (31,060)       -            -            -          20           - 
 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

Disclosure by government

 
                        Production     Production      Income     Royalties   Dividends   Bonus      Licence     Infrastructure 
                        Entitlements   entitlements*    taxes      (cash                  payments    fees        improvement 
                                                                   only) 
                       =============  ==============  =========  ==========  ==========  =========  ==========  ================= 
                          bbls'000        USD'000      USD'000     USD'000     USD'000    USD'000     USD'000        USD'000 
                       =============  ==============  =========  ==========  ==========  =========  ==========  ================= 
 
 The Republic of             -              768           -           -           -          -           -              - 
  Cote d'Ivoire, 
  Ministry of Mines 
  and Petroleum 
  Resources 
 Total Côte             -              768           -           -           -          -           -              - 
  d'Ivoire 
 Republic of 
  Equatorial 
  Guinea, Ministry 
  of Mines, Industry 
  and Energy                312           15,881          -           -           -          -           -              - 
 Ministere Du Budget         -               -          20,744        -           -          -           -              - 
 Et Du Portefeuille 
 De L'Etat, Direction 
 Générale 
 Des Impôts 
 Total Equatorial 
  Guinea                    312           15,881        20,744        -           -          -           -              - 
 DGE (General                -               -          78,253        -           -          -           -              - 
 management 
 of taxes) 
 Gabonese Public             -               -            -        22,803         -          -           -              - 
  Treasury - Ministry 
  of Finance 
 Total Gabon                 -               -          78,253     22,803         -          -           -              - 
 Ghana National 
  Petroleum 
  Corporation               960           48,864          -           -           -          -           -              - 
 Ghana Revenue 
  Authority                  -               -          31,409        -           -          -          77            3,295 
 Total Ghana                960           48,864        31,409        -           -          -          77            3,295 
 Hydrocarbon Fund,           -               -            -           -           -          -        10,000            - 
 République 
 Islamique de 
 Mauritanie 
 Mauritanian Finance         -               -            -           -           -          -          35              - 
 Ministry & Direction 
 of Environmental 
 Commission 
 Total Mauritania            -               -            -           -           -          -        10,035            - 
 Ministry of 
  Petroleum 
  and Energy                 -               -            -           -           -          -          93              1 
 Total Kenya                 -               -            -           -           -          -          93              1 
 
 
 
 
 
 Ministry of Mines           -               -            -           -           -            -             169             - 
  and Energy 
 Total Namibia               -               -            -           -           -            -             169             - 
 Ministry of Energy          -               -            -           -           -            -             158             - 
 and Minerals 
 Development 
 Total Uganda                -               -            -           -           -            -             158             - 
 Ministry of Energy          -               -            -           -           -            -              62             - 
  and Mining 
 Total Argentina             -               -            -           -           -            -              62             - 
 Bureau Geologique           -               -            -           -           -            -              48             - 
  des Comores 
 Total Comoros               -               -            -           -           -            -              48             - 
 Superintendencia            -               -           149          -           -            -              -              - 
 Nacional de Aduanas 
 y de 
 Administración 
 Tributaria 
 Total Peru                  -               -           149          -           -            -              -              - 
 Guyana Geology              -               -            -           -           -            -              40             - 
 and Mines Commission 
 (GGMC) 
 Total Guyana                -               -            -           -           -            -              40             - 
 Department of               -               -            -           -           -            -              20             - 
 Business, Energy 
 & Industrial 
 Strategy 
 Her Majesties               -               -         (31,060)       -           -            -              -              - 
  Revenue and Customs 
 Total UK                    -               -         (31,060)       -           -            -              20             - 
 
 

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2020 average realised oil price of $50.9/bbl.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

PGRUSSKRAVUNURR

(END) Dow Jones Newswires

June 24, 2021 07:00 ET (11:00 GMT)

Tullow Oil (LSE:TLW)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Tullow Oil Charts.
Tullow Oil (LSE:TLW)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Tullow Oil Charts.