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Tullow Oil Plc
Tullow Oil PLC - Report on Payments to Govts
8th May 2024, 11:45
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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


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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