1st Aug 2016 15:10
FOR IMMEDIATE RELEASE
1 August 2016
CAIRN ENERGY PLC ("Cairn" or "the Company")
Report on payments to governments for the year ended 31 December 2015
Cairn has prepared the following report in respect of payments made to governments during the year ended 31 December 2015. The information provided in this report is in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules.
The payments disclosed in accordance with the regulations are payments made or received from national governments on a cash basis, and are shown based on where the obligation for the payment arose - i.e. at a project or corporate level.
This report is available to download from our website: http://cairnenergy.com/index.asp?pageid=504
Disclosure by licence and country
Produc-tion entitle-ments | Produc-tion entitle-ments* | Taxes | Royalties | Dividends | Bonus payments | Licence fees | Infras-tructure improve-ments | |
bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | |
2002/15 (Atammik) | - | - | - | - | - | - | 27 | - |
2005/06 (Lady Franklin) | - | - | - | - | - | - | 51 | - |
2008/11 (Eqqua) | - | - | - | - | - | - | 63 | - |
2011/13 (Pitu) | - | - | - | - | - | - | 64 | - |
Total, Greenland | - | - | - | - | - | - | 205 | - |
FEL 2/04 | - | - | - | - | - | - | 23 | - |
FEL 1/14 | - | - | - | - | - | - | 45 | - |
Corporate | - | - | - | - | - | - | - | - |
Total, Ireland | - | - | - | - | - | - | 68 | - |
Area 3 (Block 1) | - | - | - | - | - | - | 551 | - |
Total, Malta | - | - | - | - | - | - | 551 | - |
P2149 (Block 9/6) | - | - | - | - | - | - | 41 | - |
Total, UK | - | - | - | - | - | - | 41 | - |
Corporate | - | - | (51,865) | - | - | - | 98 | - |
Total, Norway | - | - | (51,865) | - | - | - | 98 | - |
Foum Draa | - | - | 263 | - | - | - | - | - |
Juby Maritime | - | - | 70 | - | - | - | - | - |
Total, Morocco | - | - | 333 | - | - | - | - | - |
Sangomar-Rufisque | - | - | - | - | - | - | 107 | - |
Total, Senegal | - | - | - | - | - | - | 107 | - |
Disclosure by Government
Produc-tion entitle-ments | Produc-tion entitle-ments* | Taxes | Royalties | Dividends | Bonus payments | Licence fees | Infras-tructure improve-ments | |
bbls'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | USD'000 | |
Mineral Licence and Safety Authority | - | - | - | - | - | - | 205 | - |
Total, Greenland | - | - | - | - | - | - | 205 | - |
Department of Communications, Energy and Natural Resources | - | - | - | - | - | - | 68 | - |
Total, Ireland | - | - | - | - | - | - | 68 | - |
Ministry of Resources and Rural Affairs | - | - | - | - | - | - | 551 | - |
Total, Malta | - | - | - | - | - | - | 551 | - |
Department of Energy and Climate Change | - | - | - | - | - | - | 41 | - |
Total, UK | - | - | - | - | - | - | 41 | - |
Oljedirektoratet | - | - | - | - | - | - | 98 | - |
Skatteetaten | - | - | (51,865) | - | - | - | - | - |
Total, Norway | - | - | (51,865) | - | - | - | 98 | - |
Le Receveur de L'Administration Fiscale | - | - | 333 | - | - | - | - | - |
Total, Morocco | - | - | 333 | - | - | - | - | - |
Societe Des Petroles Du Senegal | - | - | - | - | - | - | 107 | - |
Total, Senegal | - | - | - | - | - | - | 107 | - |
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