Petrofac Limited Report on Payments to Govts (2164R)
26 Giugno 2020 - 10:57AM
UK Regulatory
TIDMPFC
RNS Number : 2164R
Petrofac Limited
26 June 2020
Press Release
Petrofac Limited
(the Company)
Reports on Payments to Governments for the year ended 31
December 2019.
Petrofac today provides information in accordance with DTR 4.3A
of the Financial Conduct Authority's Disclosure Rules and
Transparency Rules in respect of payments made by the Company to
governments for the year ended 31 December 2019 and in compliance
with The Reports on Payments to Governments Regulations 2014 (SI
2014/3209).
The following schedules detail the payments made by, or to,
Petrofac Limited and its subsidiary undertakings to, or from, the
governments of Malaysia, Mexico and Thailand in relation to
operating oil and gas fields to which the business had an interest
during the reporting period:
Year ended 31 December 2019
Malaysia
------------ ----------- ----------- ----------- -----------
Project Report
Taxes Royalties(2) Fees Total
------------ ------------------------ ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
------------ ----------- ----------- ----------- -----------
PM304 - 145 10,155 424 10,579
2019 Total - 145 10,155 424 10,579
Government Report
Taxes Royalties(2) Fees Total
------------ ------------------------ ----------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
------------ ----------- ----------- ----------- -----------
PETRONAS - 145 10,155 424 10,579
2019 Total - 145 10,155 424 10,579
Mexico
--------- ------- -------- -------- --------
Project Report
Taxes Royalties Fees Total
--------- ----------------- -------- --------
Volume Value
'000
US$'000 bbls US$'000 US$'000 US$'000
--------- ------- -------- -------- --------
Petrofac Mexico - 434 18,907 - 18,907
---------- ------- -------- -------- --------
2019 Total - 434 18,907 - 18,907
Government Report
Taxes Royalties Fees Total
--------- ----------------- -------- --------
Volume Value
'000
US$'000 bbls US$'000 US$'000 US$'000
--------- ------- -------- -------- --------
National Hydrocarbons
Commission - 434 18,907 - 18,907
---------- ------- -------- -------- --------
2019 Total - 434 18,907 - 18,907
Thailand
----------- ------- -------- -------- -----------
Project Report
Taxes(3) Royalties Fees Total
----------- ----------------- -------- -----------
Volume Value
'000
US$'000(1) bbls US$'000 US$'000 US$'000(1)
----------- ------- -------- -------- -----------
Jasmine 1,064 - - - 1,064
----------- ------- -------- -------- -----------
2019 Total 1,064 - - - 1,064
Government Report
Taxes(3) Royalties Fees Total
----------- ----------------- -------- -----------
Volume Value
'000
US$'000(1) bbls US$'000 US$'000 US$'000(1)
----------- ------- -------- -------- -----------
The Revenue Department
of Thailand 1,064 - - - 1,064
----------- ------- -------- -------- -----------
2019 Total 1,064 - - - 1,064
Notes:
1. Payments made or received 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 the
payment.
3. Taxes withheld from income earned by the Petrofac Group have
been included within the amounts listed as "Taxes" in the tables
shown above, despite the fact that the amounts withheld were not
directly paid to the government by the Petrofac Group. This
approach represents a more complete view of the taxes borne by
Petrofac in Thailand.
4. In line with the UK Regulations, where a payment or a series
or related payments have not exceeded GBP86,000, they have not been
disclosed.
5. No other businesses within the Petrofac Group are impacted by
this legislation and its reporting requirements.
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
LEI 2138004624W8CKCSJ177
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the
energy industry, with a diverse client portfolio including many of
the world's leading energy companies. Petrofac designs, builds,
manages and maintains oil, gas, refining, petrochemicals and
renewable energy infrastructure. Our purpose is to enable our
clients to meet the world's evolving energy needs. Our six values -
safe; ethical; innovative; responsive; quality & cost
conscious; driven to deliver - are at the heart of everything we
do.
Petrofac's core markets are in the Middle East and North Africa
(MENA) region and the UK North Sea, where we have built a long and
successful track record of safe, reliable and innovative execution,
underpinned by a cost effective and local delivery model with a
strong focus on in-country value. We operate in several other
significant markets, including India, South East Asia and the
United States. We have 11,500 employees based across 31 offices
globally.
Petrofac is quoted on the London Stock Exchange (symbol:
PFC).
For additional information, please refer to the Petrofac website
at www.petrofac.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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