Payments to Governments

We believe transparent disclosure of payments helps governments, citizens and international opinion formers to debate how wealth from oil resources should be managed sustainably and equitably. This page outlines our payments to Ghana, in particular, over the last five years but our 2015 full transparency disclosure can be found here

 2015 2014  2013 2012 2011

GHANA TRANSPARENCY DISCLOSURE 2015

Oil payments in kind have been multiplied by the Group's 2015 average realised oil price $67.0/bbl.

The voluntary disclosure has been prepared on a corporate level. Income taxes do not include 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 2015. It does not include payments made by Tullow's joint venture partners.

Type of payment Jubilee  TEN  Company
level
Total
European transparency directive disclosure
Production entitlements (bbls 000's) 664 - 664
Income taxes (USD 000's) -   - -
Licence fee's (USD 000's) - 60 60
Infrastructure improvement payments (USD 000's) 915 237  3,190 4,342
Voluntary disclosure        
VAT (USD 000's) -  - 3,709 3,709
Withholding tax (USD 000's) - 63,321 63,621
PAYE & national insurance
(USD 000's)
- 16,597 16,597
Carried interests (USD 000's) - 94,114 94,114
Customs duties (USD 000's) - 10,215 10,215
Training allowances (USD 000's) - 250 250
TOTAL (bbls 000's) 644 -  - 644
TOTAL (USD 000's) 915 237  191,456 192,608
Payments in kind (USD 000's)  
44,489
TOTAL (USD 000's)
 
237,097

GHANA TRANSPARENCY DISCLOSURE 2014

Oil payments in kind have been multiplied by the Group's 2014 average realised oil price $97.5/bbl.

The voluntary disclosure has been prepared on a corporate level. Income taxes do not include 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 2014. 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) 658 - 658
Income taxes (USD 000's) - 114,988 114,988
Licence fee's (USD 000's) - 52 52
Infrastructure improvement payments (USD 000's) 1,649 688 5,956
Voluntary disclosure      
VAT (USD 000's) - 3,859 3,859
Withholding tax (USD 000's) - 43,465 43,465
PAYE & national insurance
(USD 000's)
- 16,265 16,265
Carried interests (USD 000's) - 63,684 63,684
Customs duties (USD 000's) - 4,626 4,626
Training allowances (USD 000's) - 250 250
TOTAL (bbls 000's) 658 - 658
TOTAL (USD 000's) 1,649 247,713 249,362
Payments in kind (USD 000's)
61,146
TOTAL (USD 000's)

313,508

GHANA TRANSPARENCY DISCLOSURE 2013

Oil payments in kind have been multiplied by the 2013 average realised oil price $105.7/bbl.

The voluntary disclosure has been prepared on a corporate level. Income taxes do not include 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 2013. 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) 812 - 812
Income taxes (USD 000's) - 106,909 106,909
Licence fee's (USD 000's) - 64 64
Infrastructure improvement payments (USD 000's) 5,268 688 5,956
Voluntary disclosure      
VAT (USD 000's) - 2,326 2,326
Withholding tax (USD 000's) - 61,017 61,017
PAYE & national insurance
(USD 000's)
- 14,734 14,734
Carried interests (USD 000's) - 18,572 18,572
Carried interests (USD 000's) - 18,572 18,572
Customs duties (USD 000's) - 4,688 4,688
Training allowances (USD 000's) - 250 250
TOTAL (bbls 000's) 812 - 812
TOTAL (USD 000's) 5,268 209,248 214,516
Payments in kind (USD 000's) 85,828 - 85,828
TOTAL (USD 000's) 91,096 209,248 300,344

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 include 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) - 18,572 18,572
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

GHANA TRANSPARENCY DISCLOSURE 2011

This table does not include the Ghanaian Government/State Oil Company's share in production derived directly under the Deepwater Tano and West Cape Three Points Petroleum Agreements.

This table represents payments or payments in kind made by Tullow to the Government of Ghana and the Ghanaian State Oil Company (GNPC) in 2011. It does not include payments made by Tullow's joint venture partners.

Type of payment Note National
government
Local
government
Total
Royalties (bbls 000) 1 428,353 - 428,353
Value of state/state oil company production 2 - - -
Profits/income tax 3 - - -
Licence payments, fees or rental (other than routine, nominal administrative fees) 4 $55,702 - $55,702
Training contributions - - -
Other fiscal benefits to government 5 $168,247 - $168,247
Other fiscal benefits to government - - -
TOTAL (USD) $223,949 - $223,949
TOTAL (bbls) - - 428,535