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Report on Payments to Govts

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By LSE RNS

RNS Number : 1920J
Premier Oil PLC
27 June 2017
 

PREMIER OIL PLC

("Premier" or the "Company")

Report on Payments to Governments for the year ended 31 December 2016

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 2016 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 177 and 178 of the 2016 Annual Report and Financial Statements which is available to download at: http://www.premier-oil.com/premieroil/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)

Brazil

CE-M-665-R11

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

                 178

                              -  

                         178

 

CE-M-717-R11 

-

-

-

-

-

-

115

-

115

 

Total Brazil

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

293

-

293

Falkland Islands

Sea Lion

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

                 375

                              -  

375

 

Corporate

-

-

-

-

-

-

140

-

140

 

Total Falkland Islands

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

515

                              -  

515

Indonesia

Natuna Sea Block A

3,702

122,792

                          -  

                      -  

                     -  

                   -  

                    -  

                              -  

126,494

 

Corporate

                         -  

                         -  

30,437

                      -  

                     -  

                   -  

                    -  

                              -  

30,437

 

Total Indonesia

3,702

122,792

30,437

                      -  

                     -  

                   -  

                    -  

                              -  

156,931

Pakistan

Bhit/Badhra

                         -  

                         -  

                          -  

1,382

                     -  

                   -  

                    -  

                              -  

1,382

 

Zarghun South

                         -  

                         -  

                          -  

118

                     -  

                   -  

                    -  

                              -  

118

 

Kadanwari

                         -  

                         -  

                          -  

659

                     -  

                   -  

                    -  

                              -  

659

 

Zamzama

                         -  

                         -  

                          -  

617

                     -  

                   -  

                    -  

                              -  

617

 

Qadipur

                         -  

                         -  

                          -  

1,435

                     -  

                   -  

                    -  

                              -  

1,435

 

Corporate

                         -  

                         -  

8,800

                      -  

                     -  

                   -  

                    -  

                              -  

8,800

 

Total Pakistan

                         -  

                         -  

8,800

4,211

                     -  

                   -  

                    -  

                              -  

13,011

United Kingdom

Wytch Farm

                         -  

                         -  

506

                      -  

                     -  

                   -  

                    -  

                              -  

506

 

P354

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

                 140

                              -  

                         140

 

Catcher

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

530

                              -  

530

 

Babbage

-

-

-

-

-

-

403

-

403

 

Rita

-

-

-

-

-

 

174

-

174

 

P1812

-

-

-

-

-

-

184

-

184

 

P2271 Lyra

-

-

-

-

-

-

153

-

153

 

Tolmount

-

-

-

-

-

-

262

-

262

 

Corporate

                         -  

                         -  

(1,335)

                      -  

                     -  

                   -  

                    -  

                              -  


(1,335)

 

Total UK

                         -  

                         -  

(829)

                      -  

                     -  

                   -  

1,846

                              -  

                      1,017

Vietnam

Chim Sao

509

19,586

                          -  

                      -  

                     -  

                450

                    -  

                              -  

20,545

 

Corporate

                         -  

                         -  

28,137

15,496

                     -  

                   -  

                    -  

                              -  

43,633

 

Total Vietnam

509

19,586

28,137

15,496

                     -  

                450

                    -  

                              -  

64,178

Total Group

 

4,211

142,378

66,545

19,707

                     -  

                450

2,654

                              -  

235,945

 

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)

Brazil

National Petroleum Agency

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

293

                              -  

293

 

Total Brazil

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

293

                              -  

293

Falkland Islands

Department of Mineral Resources

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

515

                              -  

515

 

Total Falkland Islands

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

515

                              -  

                         515

Indonesia

SKK Migas

                  3,702

122,792

                          -  

                      -  

                     -  

                   -  

                    -  

                              -  

126,494

 

Directorate General of Taxes

                         -  

                         -  

30,437

                      -  

                     -  

                   -  

                    -  

                              -  

30,437

 

Total Indonesia

3,702

122,792

30,437

                      -  

                     -  

                   -  

                    -  

                              -  

156,931

Pakistan

Federal Board of Revenue

                         -  

                         -  

8,800

                      -  

                     -  

                   -  

                    -  

                              -  

8,800

 

Directorate General of Petroleum Concession

                         -  

                         -  

                          -  

4,211

                     -  

                   -  

                    -  

                              -  

4,211

 

Total Pakistan

                         -  

                         -  

8,800

4,211

                     -  

                   -  

                    -  

                              -  

13,011

United Kingdom

HM Revenue & Customs

                         -  

                         -  

(829)

                      -  

                     -  

                   -  

                    -  

                              -  

(829)

 

Department of Energy and Climate Change

                         -  

                         -  

                          -  

                      -  

                     -  

                   -  

1,846

                              -  

1,846

 

Total UK

                         -  

                         -  

(829)

                      -  

                     -  

                   -  

             1,846

                              -  

1,017

Vietnam

Petro Vietnam

509

19,586

                          -  

                      -  

                     -  

                450

                    -  

                              -  

20,545

 

HCM Tax Department

                         -  

                         -  

28,137

8,604

                     -  

                   -  

                    -  

                              -  

36,741

 

Vung Tau Customs office

                         -  

                         -  

                          -  

6,892

                     -  

                   -  

                    -  

                              -  

6,892

 

Total Vietnam

509

19,586

28,137

15,496

                     -  

                450

                    -  

                              -  

64,178

Total Group

 

4,211

142,378

66,545

19,707

                     -  

                450

2,654

                              -  

235,945

 

 

Enquiries:

Premier Oil plc                                                 Tel: 020 7730 1111

Mike Karaiskos, Group Financial Controller
Natalie Fortescue, Investor Relations


This information is provided by RNS
The company news service from the London Stock Exchange
 
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