Tullow Oil pays over $300 million to government

Tullow Oil Ghana paid more than $300 million, including production entitlements in barrels of oil, to government in 2013. The payments were production entitlements of 812,000 barrels of oil, income tax of $106.9 million, licence fees of $64,000, and infrastructure improvement payments of $5.95 million.

The rest are value added tax of $2.32 million, withholding tax of $61.01 million, pay as you earn of $14.73 million, carried interest of $18.57 million, customs duties of   $4.68 million.

The figures were contained in a report made available to by the external communications of Tullow Ghana.

The report said in 2013, almost half of the $1.2 billion that Tullow Ghana and its partners spent on supplies went to Ghanaian suppliers or international companies registered in Ghana. It said $128 million was spent with Ghanaian suppliers on behalf of the Jubilee and TEN partnerships, up from $69.2 million in 2012; $430 million was spent with international companies registered in Ghana, while $678.8 million was spent with international companies on work relating to the Jubilee Field and TEN project.

The report said that Tullow and its partners in line with commitment to capacity building in Ghana in 2013 invested $600,000 in 2013 and had committed $5 million in total to the government-led Enterprise Development Centre in Takoradi. According to the Report, the centre supports small and medium-sized Ghanaian enterprises to better position them to take advantage of business opportunities within the Oil and Gas industry. The report said that in 2013, the Jubilee Partners invested over $5 million in the Jubilee Technical Training Centre, as part of their ongoing investment in the project.