Petrofac Limited Report on Payments to Governments (8116D)
28 Giugno 2019 - 10:56AM
UK Regulatory
TIDMPFC
RNS Number : 8116D
Petrofac Limited
28 June 2019
Press Release
28 June 2019
Petrofac Limited
(the Company)
Reports on Payments to Governments for the year ended 31
December 2018.
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 2018 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, Thailand and Tunisia in relation
to operating oil and gas fields to which the business had an
interest during the reporting period:
Year ended 31 December 2018
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 - 144 10,757 520 11,277
2018 Total - 144 10,757 520 11,277
Government Report
Taxes Royalties(2) Fees Total
------------ --- ------------- --------------- ----------- --- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000(1) US$'000(1)
------------ ------------- ------------- ----------- -----------
PETRONAS - 144 10,757 520 11,277
2018 Total - 144 10,757 520 11,277
Mexico
--------- ------- -------- -------- --------
Project Report
Taxes Royalties Fees Total
--------- ----------------- -------- --------
Volume Value
'000
US$'000 bbls US$'000 US$'000 US$'000
--------- ------- -------- -------- --------
Petrofac Mexico - 312 15,557 - 15,557
---------- ------- -------- -------- --------
2018 Total - 312 15,557 - 15,557
Government Report
Taxes Royalties Fees Total
--------- ----------------- -------- --------
Volume Value
'000
US$'000 bbls US$'000 US$'000 US$'000
--------- ------- -------- -------- --------
National Hydrocarbons
Commission - 312 15,557 - 15,557
---------- ------- -------- -------- --------
2018 Total - 312 15,557 - 15,557
Thailand
----------- ------- -------- -------- -----------
Project Report
Taxes(3) Royalties Fees Total
----------- ----------------- -------- -----------
Volume Value
'000
US$'000(1) bbls US$'000 US$'000 US$'000(1)
----------- ------- -------- -------- -----------
Jasmine 844 - - - 844
----------- ------- -------- -------- -----------
2018 Total 844 - - - 844
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 844 - - - 844
----------- ------- -------- -------- -----------
2018 Total 844 - - - 844
Tunisia
------------------ ---------- ----------- -------- -----------
Project Report
Taxes Royalties Fees Total
------------------ ----------------------- -------- -----------
Volume Value
US$'000(1) '000 bbls US$'000(1) US$'000 US$'000(1)
------------------ ---------- ----------- -------- -----------
Chergui 2,528 - 274 - 2,802
2018 Total 2,528 - 274 - 2,802
Government Report
Total
Taxes Royalties Fees Payments
------------------ ----------------------- -------- -----------
Volume Value
US$'000(1) '000 bbls US$'000 US$'000 US$'000(1)
------------------ ---------- ----------- -------- -----------
Direction des
Grandes Entreprises 2,528 - 274 - 2,802
------------------ ---------- ----------- -------- -----------
2018 Total 2,528 - 274 - 2,802
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 Low, Head of Investor Relations
jonathan.low@petrofac.com
Aaron Clark, Investor Relations & Communications Manager
aaron.clark@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 oil
and gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil and gas companies. Petrofac is quoted
on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and 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 and gas assets.
With around 11,500 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 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
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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