Petrofac Limited: Report on Payments to Governments for the year ended 31 December 2020 (1212841)
June 28 2021 - 9:59AM
UK Regulatory
Petrofac Limited ( PFC)
Petrofac Limited: Report on Payments to Governments for the year ended 31 December 2020
28-Jun-2021 / 14:58 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press Release
Petrofac Limited
(the Company)
Reports on Payments to Governments for the year ended 31 December 2020.
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 2020
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 2020
Malaysia
Project Report
Taxes Royalties2 Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'0001 USUSD'0001 USUSD'0001
PM304 1 104 4,516 239 4,756
2020 Total 1 104 4,516 239 4,756
Government Report
Taxes Royalties2 Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'0001 USUSD'0001 USUSD'0001
Inland Revenue Board 1 - - - 1
PETRONAS - 104 4,516 239 4,755
2020 Total 1 104 4,516 239 4,756
Mexico
Project Report
Taxes Royalties Fees Total
Volume Value
USUSD'000 '000 bbls USUSD'000 USUSD'000 USUSD'000
Petrofac Mexico - 438 12,428 - 12,428
2020 Total - 438 12,428 - 12,428
Government Report
Taxes Royalties Fees Total
Volume Value
USUSD'000 '000 bbls USUSD'000 USUSD'000 USUSD'000
National Hydrocarbons Commission - 438 12,428 - 12,428
2020 Total - 438 12,428 - 12,428
Thailand
Project Report
Taxes3 Royalties Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'000 USUSD'000 USUSD'0001
Jasmine 773 - - - 773
2020 Total 773 - - - 773
Government Report
Taxes3 Royalties Fees Total
Volume Value
USUSD'0001 '000 bbls USUSD'000 USUSD'000 USUSD'0001
The Revenue Department of Thailand 773 - - - 773
2020 Total 773 - - - 773
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, even though 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
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 9,400 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
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ISIN: GB00B0H2K534
Category Code: PGR
TIDM: PFC
LEI Code: 2138004624W8CKCSJ177
OAM Categories: 1.3. Payments to governments
Sequence No.: 114077
EQS News ID: 1212841
End of Announcement EQS News Service
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