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Last updated: 25 October 2013
All other payments other than production entitlements are disclosed on a cash basis.
Oil payments in kind have been multiplied by the 2012 average realised oil price $108.0/bbl.
The voluntary disclosure has been prepared on a corporate level. Income taxes do not included fines and penalties.
This table represents payments or payments in kind made by Tullow to the Government of Ghana and the Ghana National Oil Company in 2012. It does not include payments made by Tullow's joint venture partners.
|Type of Payment||Jubilee||Company Level||Total|
|European transparency directive disclosure|
|Production entitlements (bbls 000's)||464||-||464|
|Licence fee's (USD 000's)||-||64||64|
|Infrastructure improvement payments (USD 000's)||3,824||4,276||8,100|
|VAT (USD 000's)||-||1,544||1,544|
|Withholding tax (USD 000's)||-||37,675||37,675|
|PAYE & national insurance (USD 000's)||-||14,762||14,762|
|Carried interests (USD 000's)||26,944||26,944|
|Customs duties (USD 000's)||-||3,417||3,417|
|Training allowances (USD 000's)||-||250||250|
|TOTAL (bbls 000's)||464||-||464|
|TOTAL (USD 000's)||3,824||88,942||92,766|
|Payments in Kind (USD 000's)||50,112||-||50,112|
|TOTAL (USD 000's)||53,936||88,942||142,878|