Source - RNS
RNS Number : 5508L
Petrofac Limited
03 October 2016
 

Petrofac Limited

(the Company)

 

 Reports on Payments to Governments for the year ended 31 December 2015 (amended)

Petrofac today provides an update to information originally published on 24 June 2016, in accordance with DTR 4.3A, in respect of payments made by the Company to governments for the year ended 31 December 2015, and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209).  

The following schedules clarify the payments made by Petrofac Limited and its subsidiary undertakings to the Malaysia and Tunisian governments in relation to operating oil and gas fields to which the business had an interest during the reporting period:

Malaysia

 

 

 

 

 

 

 

 

 

Project Report

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Fees

 

Total

 

 

 

 

Volume

Value

 

 

 

 

 

 

US$'0001

 

 '000 bbls

US$'0001

 

US$'0001

 

US$'0001

 

 

 

 

 

 

 

 

 

 

 

PM304

-

 

1,573

9,825

 

1,253

 

11,078

 

Berantai

1,555

 

-

-

 

-

 

1,555

 

Total

1,555

 

1,573

9,825

 

1,253

 

12,633

 

 

 

 

 

 

 

 

 

 

 

Government Report

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Fees

 

Total

 

 

 

 

Volume

Value

 

 

 

 

 

 

US$'0001

 

'000 bbls

US$'0001

 

US$'0001

 

US$'0001

 

 

 

 

 

 

 

 

 

 

 

Inland Revenue Board

1,555

 

-

-

 

-

 

1,555

 

PETRONAS

-

 

1,573

9,825

 

1,253

 

11,078

 

Total

1,555

 

1,573

9,825

 

1,253

 

12,633

 

 

 

 

 

 

 

 

 

 

 

 

Tunisia

 

 

 

 

 

 

 

 

 

Project Report

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Fees

 

Total

 

 

 

 

Volume

Value

 

 

 

 

 

 

US$'0001

 

'000 bbls

US$'0001

 

US$'0001

 

US$'0001

 

 

 

 

 

 

 

 

 

 

 

Chergui

9,910

 

5

2,947

 

6

 

12,863

 

Total

9,910

 

5

2,947

 

6

 

12,863

 

 

 

 

 

 

 

 

 

 

 

Government Report

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Fees

 

Total Payments

 

 

 

 

Volume

Value

 

 

 

 

 

 

US$'0001

 

'000 bbls

US$'0001

 

US$'0001

 

US$'0001

 

 

 

 

 

 

 

 

 

 

 

L'Entreprise Tunisienne d'Activités Pétrolières

-

 

5

273

 

 

-

273

 

Monsieur le Receveur des Finances du Lac

9,910

 

-

2,674

 

6

 

12,590

 

Total

9,910

 

5

2,947

 

6

 

12,863

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

1.   Payments made in local currencies are translated at the average exchange rate for the year.

2.   Certain royalty payments are made in kind, the value of which is calculated with reference to market rates at the time of payment.

3.   In line with the UK Regulations, where a payment or a series or related payments have not exceeded £86,000, they have not been disclosed

4.   No other businesses within the Petrofac Group are impacted by this legislation and its reporting requirements.

 

For further information contact:

 

Petrofac

Alison Flynn                                                      +44 (0)20 7811 4913

Group Head of Communications Petrofac [email protected]

 

Jonathan Low                                                    +44 (0)20 7811 4930

Head of Investor Relations                                   [email protected]

 

 

Tulchan Communications Group LLP                   +44 (0)20 7353 4200

Martin Robinson                                                 [email protected]

Stephen Malthouse

 

 

Notes to Editors

 

Petrofac

Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

 

Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil & gas assets.

 

With around 19,000 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

 

For additional information, please refer to the Petrofac website at www.petrofac.com.


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

Related Charts

Petrofac (PFC)

+19.50p (+2.47%)
delayed 18:15PM