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Report on Payments to Govts

29th May 2020 15:00

RNS Number : 3911O
Premier Oil PLC
29 May 2020
 

PREMIER OIL PLC

("Premier" or the "Company")

Report on Payments to Governments for the year ended 31 December 2019

Premier today provides information in accordance with DTR 4.3A in respect of payments made by the Company to governments for the year ended 31 December 2019 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).

This information, together with the basis of preparation, can also be found on pages 176 and 177 of the 2019 Annual Report and Financial Statements which is available to download at: https://www.premieroil.com/investors/results-centre

Payments by Licence

Country

Licence/company level

Production entitlements

Production entitlements

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fees

Infrastructure improvement payments

Total

bbls (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

Falkland Islands

 

Sealion

-

-

-

-

-

-

 375

-

 

375

 

Total Falkland Islands

-

-

-

-

-

-

 375

-

375

 

Indonesia

 

Natuna Sea Block A

2,958

162,005

25,026

-

-

-

-

-

187,031

 

Total Indonesia

2,958

162,005

25,026

 -

-

-

-

-

187,031

 

Mexico

 

Block 11

-

-

-

-

-

-

826

-

826

 

Block 13

-

-

-

-

-

-

827

-

827

 

Total Mexico

-

-

-

-

-

-

1,653

-

1,653

United Kingdom

 

Johnston

-

-

-

-

-

-

242

-

242

 

Huntington

-

-

-

-

-

-

246

-

246

 

Brenda

-

-

-

-

-

-

170

-

170

 

Catcher

-

-

-

-

-

-

781

-

781

 

Tolmount

-

-

-

-

-

-

830

-

830

 

Corporate

-

-

(440)

-

-

-

-

-

(440)

 

Total UK

-

-

(440)

-

-

-

2,269

-

1,829

 

Vietnam

 

Chim Sao

640

37,972

-

-

-

 456

-

-

38,428

 

Corporate

-

-

53,363

13,294

-

-

-

-

66,657

 

Total Vietnam

640

37,972

53,363

 13,294

-

456

-

-

105,085

 

Total Group

3,598

199,977

77,949

 13,294

-

456

4,297

-

295,973

 

 

 

 

 

 

Payments by Government

Country

Government

Production entitlements

Production entitlements

Income taxes

Royalties (cash only)

Dividends

Bonus payments

Licence fees

Infrastructure improvement payments

Total

bbls (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

US$ (000)

Falkland Islands

Falkland Island Government - Department of Mineral Resources

-

-

-

 -

-

-

375

-

375

Total Falkland Islands

-

-

-

-

-

-

375

-

375

Indonesia

SKK Migas

2,958

162,005

-

-

-

-

-

-

162,005

Directorate General of Taxes

-

-

25,026

-

-

-

-

-

25,026

Total Indonesia

2,958

162,005

25,026

-

-

-

-

-

187,031

Mexico

Fondo Mexicano del Petróleo para la Estabilización y el Desarrollo (FMP)

-

-

-

-

-

-

661

-

661

Servicio de Administración Tributaria (SAT)

-

-

-

-

-

-

992

-

992

Total Mexico

-

-

-

-

-

-

 1,653

-

1,653

United Kingdom

HM Revenue & Customs

-

-

(440)

-

-

-

-

-

(440)

Oil and Gas Authority

-

-

-

-

-

-

 2,269

-

2,269

Total UK

-

-

(440)

-

-

-

2,269

-

1,829

Vietnam

Petro Vietnam

640

37,972

-

 -

-

 456

-

-

38,428

HCM Tax Department

-

-

53,363

 9,463

-

-

-

-

62,826

Vung Tau Customs office

-

-

-

 3,831

-

 -

-

-

3,831

Total Vietnam

640

37,972

53,363

13,294

-

456

-

-

105,085

Total Group

3,598

199,977

77,949

13,294

-

456

4,297

-

295,973

 

 

Enquiries:

Premier Oil plc

Mike Karaiskos, Group Financial Controller Tel: +44 (0)20 78241071Elizabeth Brooks, Investor Relations Tel: +44 (0)20 7824 1116

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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