Report on Payments to Governments 2018

RNS Announcement

RNS Number : 4746C

Tullow Oil PLC

17 June 2019

Tullow Oil plc

Report on payments to governments for the year 2018

Introduction

Tullow Oil plc has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2018 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 171 to 177 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 Entitlement	Production Entitlements*	Income Taxes	Royalties (Cash only)	Dividends	Bonus Payments	Licence Fees	Infrastructure Improvements
	BBL000	$000	$000	$000	$000	$000	$000	$000
CI-26 Espoir	-	3,514	-	-	-	-	-	-
CI-520	-	-	-	-	-	-	375	-
CI-521	-	-	-	-	-	-	375	-
CI-522	-	-	-	-	-	-	375	-
CI-524	-	-	-	-	-	-	1000	-
Total Cote d'Ivoire	-	3,514	-	-	-	-	2,125	-
Ceiba	137	9,385	-	-	-	-	-	-
Okume Complex	351	24,043	-	-	-	-	-	-
Tullow Equatorial Guinea Ltd.	-	-	12,976	-	-	-	-	-
Total Equatorial Guinea	488	33,428	12,976	-	-	-	-	-
Echira	-	-	-	2,963	-	-	-	-
Ezanga	-	-	-	2,770	-	-	-	-
Ingongo	-	-	-	26	-	-	-	-
Limande	-	-	-	4,719	-	-	-	-
M'Oba	-	-	-	109	-	-	-	-
Niungo	-	-	-	4,715	-	-	-	-
Tchatamba Marin	-	-	-	10,807	-	-	-	-
Turnix	-	-	-	2,459	-	-	-	-
Oba	-	-	-	1,631	-	-	-	-
Tullow Oil Gabon SA	-	-	7,186	-	-	7,000	-	-
Tulipe Oil SA	-	-	754	-	-	1,000	-	-
Total Gabon	-	-	7,940	30,199	-	8,000	-	-
Deep Water Tano	-	-	-	-	-	-	8	-
Jubilee Field Unit area	550	37,675	-	-	-	-	6	-
TEN Development area	555	38,040	-	-	-	-	45	-
Tullow Ghana Ltd.	-	-	52,000	-	-	-	-	2,175
Total Ghana	1,105	75,715	52,000	-	-	-	59	2,175
PSC B (Chinguetti EEA)	-	-	-	-	-	-	35	-
Block C-3	-	-	-	-	-	-	22	-
Total Mauritania	-	-	-	-	-	-	57	-
Block 10BA	-	-	-	-	-	-	231	-
Block 10BB	-	-	-	-	-	-	93	-
Block 12B	-	-	-	-	-	-	93	-
Block 13T	-	-	-	-	-	-	19	-
Tullow Kenya B.V.	-	-	1	-	-	-	-	51
Total Kenya	-	-	1	-	-	-	436	51
Tullow Mozambique Ltd.	-	-	1	-	-	-	-	-
Total Mozambique	-	-	1	-	-	-	-	-
PEL 37	-	-	-	-	-	-	175	-
Total Namibia	-	-	-	-	-	-	175	-
PEL 28	-	-	-	-	-	-	71	-
Total Zambia	-	-	-	-		-	71	-

	Production entitlements	Production entitlements*	Income taxes	Royalties (cash only)	Dividends	Bonus payments	Licence fees	Infrastructure improvement
	BBL 000	$000	$000	$000	$000	$000	$000	$000

Tullow Uganda Ltd.	-	-	-	-	-	-	158	-
Total Uganda	-	-	-	-	-	-	158	-
Orinduik	-	-	-	-	-	-	40	-
Total Guyana	-	-	-	-	-	-	40	-
Walton Morant	-	-	-	-	-	-	128	-
Total Jamaica	-	-	-	-	-	-	128	-
Kohat	-	-	-	-	-	-	-	2
Kohlu	-	-	-	-	-	-	4	9
Tullow Pakistan Developments Ltd.	-	-	1,103	-	-	-	-	-
Total Pakistan	-	-	1,103	-	-	-	4	11
Boulton B&F	-	-	-	-	-	-	61	-
Murdoch	-	-	-	-	-	-	197	-
Ketch	-	-	-	-	-	-	138	-
Schooner	-	-	-	-	-	-	151	-
Munro (44/17B)	-	-	-	-	-	-	90	-
Kelvin	-	-	-	-	-	-	123	-
Katy	-	-	-	-	-	-	22	-
CMS	-	-	-	-	-	-	5	-
P037	-	-	-	-	-	-	5	-
P039	-	-	-	-	-	-	103	-
P852	-	-	-	-	-	-	326	-
Total UK	-	-	-	-	-	-	1,221	-
Tullow Norway	-	-	(1,364)	-	-	-	-	-
Total Norway	-	-	(1,364)	-	-	-	-	-
Tullow Netherlands Holdings Co-op	-	-	5,485	-	-	-	-	-
Total Netherlands	-	-	5,485	-	-	-	-	-

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2018 average realised oil price of $68.5/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.

Disclosure by government

	Production Entitlements	Production entitlements*		Income taxes		Royalties (cash only)		Dividends		Bonus payments		Licence fees		Infrastructure improvement
	bbls'000	USD'000		USD'000		USD'000		USD'000		USD'000		USD'000		USD'000

The Republic of Cote d'Ivoire, Ministry of Mines and Petroleum Resources	-	3,514		-		-		-		-		2,125		-
Total Côte d'Ivoire	-	3,514		-		-		-		-		2,125		-
Republic of Equatorial Guinea, Ministry of Mines, Industry and Energy	488	33,428		-		-		-		-		-		-
Republica de Guinea Ecuatorial, Ministeria de Hacienda y Presupuestas	-	-		12,976		-		-		-		-		-
Total Equatorial Guinea	488	33,428		12,976		-		-		-		-		-
DGE (General management of taxes)	-	-		7,940		-		-		-		-		-
Gabonese Public Treasury - Ministry of Finance	-	-		-		30,199		-		8,000		-		-
Total Gabon	-	-		7,940		30,199		-		8,000		-		-
Ghana National Petroleum Corporation	1,105	75,715		-		-		-		-		-		-
Ghana Revenue Authority	-	-		52,000		-		-		-		59		2,175
Total Ghana	1,105	75,715		52,000		-		-		-		59		2,175
Hydrocarbon Fund, République Islamique de Mauritanie	-	-		-		-		-		-		22		-

	bbls'000		USD'000		USD'000		USD'000		USD'000		USD'000		USD'000		USD'000
Ministry of Energy and Peteroleum	-		-		-		-		-		-		35		-
Total Mauritania	-		-		-		-		-		-		57		-
Kenya Revenue Authority	-		-		1		-		-		-		-		51
Ministry of Energy and Petroleum	-		-		-		-		-		-		436		-
Total Kenya	-		-		1		-		-		-		436		51
AC Advisory & Consulting (Non Governmental)	-		-		1		-		-		-		-		-
Total Mozambique	-		-		1		-		-		-		-		-
Ministerial Deposit Account	-		-		-		-		-		-		175		-
Total Namibia	-		-		-		-		-		-		175		-
Zambian Ministry of Mines and Mineral Development	-		-		-		-		-		-		71		-
Total Zambia	-		-		-		-		-		-		71		-
Ministry of Energy and Minerals Development	-		-		-		-		-		-		158		-
Total Uganda	-		-		-		-		-		-		158		-
Guyana Geology and Mines Commission (GGMC)	-		-		-		-		-		-		40		-
Total Guyana	-		-		-		-		-		-		40		-
Petroleum Corporation of Jamaica	-		-		-		-		-		-		128		-
Total Jamaica	-		-		-		-		-		-		128		-
Belastingdienst	-		-		5,485		-		-		-		-		-
Total Netherlands	-		-		5,485		-		-		-		-		-
Norwegian Tax Administration.	-		-		(1,364)		-		-		-		-		-
Total Norway	-		-		(1,364)		-		-		-		-		-
Directorate General Petroleum Concessions account (DGPC)	-		-		1,103		-		-		-		-		-
Joint account of District Government	-		-		-		-		-		-		-		11
Federal Board of Revenue	-		-		-		-		-		-		4		-
Total Pakistan	-		-		1,103		-		-		-		4		11
Department of Business, Energy & Industrial Stratergy	-		-		-		-		-		-		11		-
Oil and Gas Authority	-		-		-		-		-		-		1,210		-
Total UK	-		-		-		-		-		-		1,221		-

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END

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RNS metadata

Title: Report on Payments to Governments 2018
Time: 11:45:33
Date: 17 Jun 2019
Category: Miscellaneous
ID: 4746C