Report on Payments to Governments

RNS Number : 9094L

Tullow Oil PLC

08 September 2023

Tullow Oil plc

Report on payments to governments for the year 2022

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2022 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/2316/7958/7310/2022_Payment_to_Government_Report.pdf

Disclosure by licence and country

	European transparency directive disclosure
2022	Production entitlements	Production entitlements	Income taxes	Royalties (cash only)	Bonus payments	Licence fees	Infrastructure improvement payments	Merchant shipping superintendant levy
Licence / Company level	BBL000	$000	$000	$000	$000	$000	$000	$000
CI-803	-	-	-	-	2,000	-	-	-
CI-26 Espoir	-	-	-	-	-	-	-	-
Total Cote d'Ivoire	-	-	-	-	2,000	-	-	-
Echira	-	-	-	5,750	-	-	-	-
Limande	-	-	-	5,016	-	-	-	-
M'Oba	-	-	-	32	-	-	-	-
Niungo	-	-	-	3,885	-	-	-	-
Oba	-	-	-	2,067	-	-	-	-
Simba	-	-	-	28,111	-	-	-	-
Tchatamba Marin	-	-	-	12,618	-	-	-	-
Turnix	-	-	-	248	-	-	-	-
Tullow Oil Gabon SA	-	-	82,776	-	-	-	-	-
Total Gabon	-	-	82,776	57,727	-	-	-	-
Deep Water Tano	-	-	-	-	-	59	-	-
Jubilee Field Unit Area	583	51,009	-	-	-	-	-	-
TEN Development Area	248	21,677	-	-	-	-	968	-
West Cape Three Points	-	-	-	-	-	18	-	-
Tullow Ghana Ltd.	-	-	162,018	-	-	-	1,696
Total Ghana	831	72,687	162,018	-	-	78	2,664	-
PSC B (Chinguetti EEA)	-	-	-	-	-	35	-	-
Total Mauritania	-	-	-	-	-	35	-	-
Block 10BA	-	-	-	-	-	306	-	-
Block 12B	-	-	-	-	-	243	-	-
Tullow Kenya B.V.	-	-	-	-	-	-	-	12
Total Kenya	-	-	-	-	-	549	-	12
Block MLO 114	-	-	-	-	-	146	-	-
Block MLO 119	-	-	-	-	-	112	-	-
Block MLO 122	-	-	-	-	-	108	-	-
Total Argentina	-	-	-	-	-	367	-	-
Orinduik	-	-	-	-	-	40	-	-
Total Guyana	-	-	-	-	-	40	-	-
Tullow Oil SPE Limited	-	-	- 4,094	-	-		-	-
Tullow Oil SK Limited	-	-	- 18,317	-	-	-	-	-
Total UK	-	-	- 22,411	-	-	-	-	-
	831	72,687	222,382	57,727	2,000	1,069	2,664	12

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2022 average realised oil price of $87.5/bbl.

Disclosure by government

	Production Entitlements	Production entitlements*	Income taxes	Royalties (cash only)	Dividends	Bonus payments	Licence fees	Infrastructure improvement	Merchant shipping superintendant levy
2022	bbls'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000	USD'000
Direction Générale des Hydrocarbures	-	-	-	-	-	2000	-	-	-
Total Côte d'Ivoire	-	-	-	-	-	2000	-	-	-
Adavnce CIT Trésor Public	-	-	82,776	-	-	-	-	-	-
Direction Général des Impôts	-	-	-	57,727	-	-	-	-	-
Total Gabon	-	-	82,776	57,727	-	-	-	-	-
Ghana National Petroleum Corporation	831	72,687	-	-	-	-	-	-	-
Ghana Revenue Authority	-	-	162,018	-	-	-	78	2,664	-
Total Ghana	831	72,687	162,018	-	-	-	78	2,664	-
Mauritanian Finance Ministry & Direction of Environmental Commission	-	-	-	-	-	-	35	-	-
Total Mauritania	-	-	-	-	-	-	35	-	-
Ministry of Energy and Petroleum	-	-	-	-	-	-	549	-	12
Total Kenya	-	-	-	-	-	-	549.38	-	12
Secretary of Energy, Ministry of Economy	-	-	-	-	-	-	367	-	-
Total Argentina	-	-	-	-	-	-	367	-	-
Guyana Geology and Mines Commission (GGMC)	-	-	-	-	-	-	40	-	-
Total Guyana	-	-	-	-	-	-	40	-	-
Her Majesties Revenue and Customs	-	-	-22,411	-	-	-	-	-	-
Total UK	-	-	-22,411	-	-	-	-	-	-

Total	831	72,687	222,382	57,727	0	2,000	1,069	2,664	12

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2022 average realised oil price of $87.5/bbl.

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END

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TIDM	TLW
Share Price	21.05p-0.71%
Market Cap	£318.91m

Date	8 Sept 2023
Time	15:30:25
Category	Miscellaneous
ID	9094L

TIDM	TLW
Share Price	21.05p-0.71%
Market Cap	£318.91m

Date	8 Sept 2023
Time	15:30:25
Category	Miscellaneous
ID	9094L

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Report on Payments to Governments