REG - Tullow Oil PLC - Report on Payments to Govts
08/05/2024 12:45
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RNS Number : 6447N Tullow Oil PLC 08 May 2024
Tullow Oil plc
Report on payments to governments for the year 2023
Introduction
Tullow Oil plc has prepared the following consolidated report in respect of
payments made to governments for the year ended 31 December 2023 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/8017/1043/4798/Tullow_Payment_to_Government_Report_2023.pdf
(https://www.tullowoil.com/application/files/8017/1043/4798/Tullow_Payment_to_Government_Report_2023.pdf)
Disclosure by licence and country
2023 Production entitlements Production entitlements Income taxes Royalties (cash only) Bonus payments Licence fees Infrastructure improvement payments
Licence / Company level BBL000 $000 $000 $000 $000 $000 $000
Echira - - - 4,299 - - -
Limande - - - 3,352 - - -
M'Oba - - - 179 - - -
Niungo - - - 3,086 - - -
Oba - - - 7,506 - - -
Simba - - - 1,496 - - -
Tchatamba Marin - - - 10,032 - - -
Turnix - - - 991 - - -
Tullow Oil Gabon SA - - 128,163 - - - -
Total Gabon - - 128,163 30,942 - - -
Deep Water Tano - - - - - 59 -
Jubilee Field Unit Area 593 45,983 - - - - 907
TEN Development Area 184 14,273 - - - - 336
West Cape Three Points - - - - - 18 -
Tullow Ghana Ltd. - - 157,206 - - - 4,291
Total Ghana 777 60,255 157,206 - - 78 5,534
PSC B (Chinguetti EEA) - - - - - 35 -
Total Mauritania - - - - - 35 -
Block 10BA - - - - - 231 -
Block 10BB 185
Block 12B - - - - - 93 -
Block 13T - - - - - 38 -
Total Kenya - - - - - 547 -
Block MLO 114 - - - - - 174 -
Block MLO 119 - - - - - 133 -
Block MLO 122 - - - - - 129 -
Total Argentina - - - - - 436 -
Orinduik - - - - - 40 -
Total Guyana - - - - - 40 -
Tullow Oil SPE Limited - - - - - -
Tullow Oil SK Limited - - - 15,094 - - - -
Total UK - - - 15,094 - - - -
777 60,255 270,276 30,942 - 1,136 5,534
*Where production entitlement is paid in barrels this has been multiplied by
the Group's 2023 average realised oil price of $77.5/bbl.
Disclosure by government
Production Entitlements Production entitlements* Income taxes Royalties (cash only) Dividends Bonus payments Licence fees Infrastructure improvement
2023 bbls'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000 USD'000
Adavnce CIT Trésor Public - - 128,163 - - - - -
Direction Général des Impôts - - - 30,942 - - - -
Total Gabon - - 128,163 30,942 - - - -
Ghana National Petroleum Corporation 777 60,255 - - - - - -
Ghana Revenue Authority - - 157,206 - - - 78 5,534
Total Ghana 777 60,255 157,206 - - - 78 5,534
Mauritanian Finance Ministry & Direction of Environmental Commission - - - - - - 35 -
Total Mauritania - - - - - - 35 -
Ministry of Energy and Petroleum - - - - - - 547 -
Total Kenya - - - - - - 547 -
Secretary of Energy, Ministry of Economy - - - - - - 436 -
Total Argentina - - - - - - 436 -
Guyana Geology and Mines Commission (GGMC) - - - - - - 40 -
Total Guyana - - - - - - 40 -
Her Majesties Revenue and Customs - - -15,094 - - - - -
Total UK - - -15,094 - - - - -
Total 777 60,255 270,276 30,942 - - 1,136 5,534
*Where production entitlement is paid in barrels this has been multiplied by
the Group's 2023 average realised oil price of $77.5/bbl.
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