Payments to Government

Last updated: 25 October 2013

Ghana Transparency Disclosure 2012

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
Voluntary disclosure      
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