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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.
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 | - | - | 3,709 | 3,709 |
| VAT (USD 000's) | ||||
| Withholding tax (USD 000's) | - | - | 63,321 | 63,321 |
| 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 |
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 |
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 |
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 |
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 |