DJ Petrofac Limited: Report on payments to governments
Petrofac Limited ( PFC) Petrofac Limited: Report on payments to governments 29-Jun-2022 / 09:54 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------------------------------------------------------- Press Release
Petrofac Limited
(the Company)
Reports on Payments to Governments for the year ended 31 December 2021.
Petrofac today provides information in accorance with DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules in respect of payments made by the Company to governments for the year ended 31 December 2021 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209) as enacted in the UK in December 2014 and as amended in December 2015. The following schedules detail the payments made by, or to, Petrofac Limited and its subsidiary undertakings to, or from, the governments of Malaysia and Thailand arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) during the reporting period:
Year ended 31 December 2021
Malaysia
Project Report
Taxes Royalties2 Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'0001 USUSD'0001 USUSD'0001
PM304 - 70 5,397 218 5,615
2021 Total - 70 5,397 218 5,615
Government Report
Taxes Royalties2 Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'0001 USUSD'0001 USUSD'0001
Inland Revenue Board - - - - -
PETRONAS - 70 5,397 218 5,615
2021 Total - 70 5,397 218 5,615
Thailand
Project Report
Taxes3 Royalties Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'000 USUSD'000 USUSD'0001
Jasmine 1,270 - - - 1,270
2021 Total 1,270 - - - 1,270
Government Report
Taxes3 Royalties Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'000 USUSD'000 USUSD'0001
The Revenue Department of Thailand 1,270 - - - 1,270
2021 Total 1,270 - - - 1,270
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 marketrates 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 thegovernment by the Petrofac Group. This approach represents a more complete view of the taxes borne by Petrofac inThailand. 4. In line with the UK Regulations, where a payment or a series or related payments have not exceededGBP84,000, they have not been disclosed. 5. No other businesses within the Petrofac Group are impacted by this legislation and its reportingrequirements.
For further information contact:
Petrofac Limited
+44 (0) 20 7811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
Tulchan Communications Group
+44 (0) 20 7353 4200
petrofac@tulchangroup.com
Martin Robinson
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 four values - driven, agile, respectful and open - 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 8,200 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.
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00B0H2K534 Category Code: PGR TIDM: PFC LEI Code: 2138004624W8CKCSJ177 OAM Categories: 1.3. Payments to governments Sequence No.: 171447 EQS News ID: 1386503 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1386503&application_name=news
(END) Dow Jones Newswires
June 29, 2022 04:54 ET (08:54 GMT)
