TIDMBP.
RNS Number : 5121D
BP PLC
22 June 2023
BP p.l.c.
Report on payments to governments
Year ended 31 December 2022
Contents
Introduction 3
Basis of preparation 3
Payments overview 6
Payments by country 7
Other resources 29
I ntroduction
BP p.l.c. has prepared the following consolidated report
('Report') on payments to governments in accordance with the
Reports on Payments to Governments Regulations 2014 (2014/3209), as
amended by the Reports on Payments to Governments (Amendment)
Regulations 2015 (2015/1928), (the 'Regulations'). The Report also
addresses BP p.l.c.'s reporting obligations under DTR 4.3A of the
Financial Conduct Authority Disclosure Guidance and Transparency
Rules. The 'Basis of Preparation' section below contains
information about the content of the Report, the types of payments
included and the principles that have been applied in preparing the
Report.
bp's socioeconomic contribution
bp makes a broader socioeconomic contribution to countries in
which we operate in addition to the payments that are required to
be reported under the Regulations. We make payments to governments
in connection with parts of our business other than extractive
activities - for example in relation to the transportation,
trading, manufacture and marketing of oil and gas. As well as
government payments, bp contributes to the economies of the
countries in which we operate by providing jobs for employees and
contractors, purchasing materials from local suppliers and
undertaking social investment activities. See the Other resources
section at the end of the Report for more information on our
socioeconomic contribution and our position on tax and financial
transparency.
bp's position on revenue transparency
bp supports transparency in the flow of revenue from oil and gas
activities to governments. This helps citizens hold public
authorities to account for the way they use funds received through
taxes and other agreements
B asis of preparation
Under the Regulations, the directors of BP p.l.c. are required
to prepare a consolidated report on payments made to governments
for each financial year in relation to relevant activities of both
BP p.l.c. and any of its subsidiary undertakings included in the
consolidated group accounts. The term 'bp' is used interchangeably
within this Report to indicate BP p.l.c. or any subsidiary
undertaking within the scope of the Report.
Activities within the scope of the Report
Payments made to governments that relate to bp's activities
involving the exploration, prospection, discovery, development, and
extraction of minerals, oil, natural gas deposits or other
materials ('extractive activities') are included in this
Report.
Payments made to governments that relate to trading, export
(pipelines), refining and processing, renewables projects and other
activities that are not within the scope of extractive activities
as defined by the Regulations are not included in this Report.
Where a payment relates to activities that are reportable under
the Regulations as well as to activities which are not reportable,
bp reports the payment in its entirety if it is not possible to
disaggregate it.
Government
Under the Regulations, a 'government' is defined as any
national, regional or local authority of a country, and includes a
department, agency or undertaking that is a subsidiary undertaking
controlled by such an authority. In some countries, certain local
indigenous organizations fall within this definition of government.
Where this is the case, payments made to such organizations have
been included in this Report. Where a state-owned enterprise
undertakes activities outside of its home jurisdiction, then it is
not considered to be a government.
Cash basis
Payments are reported on a cash basis, meaning that they are
reported in the period in which they are paid, as opposed to being
reported on an accruals basis (which would mean that they were
reported in the period for which the liabilities arise). Refunds
are also reported in the period they are received by bp and are
shown as negative amounts in the Report. Where payments in kind are
made to a government they are valued and footnotes are included to
help explain the valuation method and any related volumes.
Reporting principles
The Regulations require payments to be reported where they are
made to governments by BP p.l.c. and its subsidiary undertakings in
respect of extractive activities. In preparing a report, the
Regulations also require the disclosure of payments to reflect the
substance of each payment and the relevant activity or project
concerned. In light of these requirements, bp has assessed its
reporting obligations to be as follows:
-- Where bp has made a payment to a government, such payment is
reported in full, whether made in bp's sole capacity or in bp's
capacity as the operator of a joint venture. Payments made to
governments in connection with joint ventures are included in the
Report if, and to the extent that, bp makes the relevant payment.
Typically, such circumstances will arise where bp is the operator
of the joint venture.
-- Payments made by an incorporated joint venture which is not a
subsidiary of bp are not included within this Report.
-- In some instances, bp is a partner in unincorporated joint
ventures where the role of operator is performed through a
non-typical operatorship model, whereby multiple entities
contribute to an unincorporated body which has the role of
operator. In relation to such joint ventures, payments actually
made by bp to the government are reported and payments for which bp
has direct responsibility to the government, but which are paid on
its behalf, are also reported.
-- bp's equity-accounted investments for the financial year
ended 31 December 2022 such as Pan American Energy Group and Aker
bp are not bp subsidiaries and therefore in accordance with the
Regulations, payments made by such entities are not included in
this Report.
Project definition
The Regulations require payments to be reported by project (as a
sub category within a country). They define a 'project' as the
operational activities which are governed by a single contract,
licence, lease, concession or similar legal agreement, and form the
basis for payment liabilities with a government. If these
agreements are substantially interconnected, then they can be
treated as a single project. Under the Regulations, 'substantially
interconnected' means forming a set of operationally and
geographically integrated contracts, licences, leases or
concessions or related agreements with substantially similar terms
that are signed with a government, giving rise to payment
liabilities. These agreements may themselves be governed by a
single contract, joint venture, production-sharing agreement, or
other overarching legal agreement. Factors used to determine
whether contracts or licences are operationally and geographically
integrated may include their common management framework, proximity
and use of common infrastructure. The number of projects will
depend on the contractual arrangements within a country and not
necessarily on the scale of activities. Moreover, a project will
only appear in this Report where relevant payments occurred during
the year in relation to that project.
The Regulations acknowledge that for some payments it may not be
possible to attribute a payment to a single project and therefore
such payments may be reported at the country level. Corporate
income taxes, which are typically not levied at a project level,
are an example of this.
Materiality threshold
The Regulations require that payments made as a single payment
exceeding GBP86,000 or as part of a series of related payments
within a financial year exceeding GBP86,000 be included in this
Report.
Reporting currency
All payments have been reported in US dollars. Payments made in
currencies other than US dollars are typically translated at the
exchange rate at the date of payment.
Payment types
The Regulations define a 'Payment' as an amount paid whether in
money or in kind, for relevant activities where the payment is of
any one of the types listed below:
Production entitlements
Under production sharing agreements (PSAs) the production is
shared between the host government and the other parties to the
PSA. The host government typically receives its share or
entitlement in kind rather than being paid in cash. In this Report
such production entitlement volumes to the government are reported
on a lifting basis, i.e. when the government takes possession of
its share of production. A market value is applied, usually using
the valuation method from the relevant PSA. For joint ventures in
which bp is the operator, government production entitlements are
reported in their entirety, in accordance with the notes above.
Where the national oil company (NOC) is also a partner in the joint
venture, their production entitlement is reported in addition to
the government share of production. The NOC's entitlement as a
partner will include both their share of production as investor's
return as well as their entitlement for the reimbursement of their
costs.
Taxes
The Report includes taxes levied on income, production or
profits and taxes withheld from dividends, royalties and interest
received by bp. In addition, taxes paid on behalf of bp by the NOC
out of production entitlements are reported. Taxes levied on
consumption, personnel, sales, procurement (contractor's
withholding taxes), property and environmental taxes, , customs and
excise are not reportable under the Regulations.
Royalties
These may be paid in cash or in kind (valued in the same way as
production entitlements).
Fees
In preparing this Report, bp has included licence fees, rental
fees, entry fees and all other payments that are paid in
consideration for new and existing licences and/or concessions.
Fees paid to governments for administrative services are
excluded.
Bonuses
Signature, discovery and production bonuses and other bonuses
payable under licences or concession agreements are included in the
Report.
Infrastructure improvements
Such payments include a road or a building provided by bp that
forms part of the fundamental facilities and systems serving a
community or area. These payments are included in the Report
whether or not bp is contractually obliged to fund them, and are
reported when the relevant assets are handed over to the government
or the local community.
Dividends
These are dividends that are paid in lieu of production
entitlements or royalties. Dividends paid by bp to a government as
an ordinary shareholder are excluded. For the year ended 31
December 2022, there were no reportable dividend payments to a
government.
Other considerations
The payments shown in this Report are rounded to the nearest
$0.1 million. Due to rounding, some totals in the following tables
may not agree exactly with the sum of their component parts.
Amounts are shown to the nearest dollar in the data submitted and
available on the UK Companies House website.
P ayments overview
The table below shows the relevant payments to governments made
by bp in the year ended 31 December 2022, by country and payment
type.
Of the seven payment types required by the UK regulations, bp
did not pay any relevant dividends and therefore the category is
not shown.
$ million
Production Infrastructure
Country entitlements Taxes Royalties Fees Bonuses improvements Total
====================== ============= ========= ========== ====== ======== =============== =========
Algeria 181.1 0.2 181.2
====================== ============= ========= ========== ====== ======== =============== =========
Angola 1,435.7 459.9 0.2 0.4 1,896.2
====================== ============= ========= ========== ====== ======== =============== =========
Argentina 0.4 0.4
====================== ============= ========= ========== ====== ======== =============== =========
Australia 434.0 220.0 654.0
====================== ============= ========= ========== ====== ======== =============== =========
Azerbaijan 19,311.5 1,009.1 2.6 450.0 20,773.2
====================== ============= ========= ========== ====== ======== =============== =========
Brazil 73.9. 73.9
====================== ============= ========= ========== ====== ======== =============== =========
Canada 46.0 46.0
====================== ============= ========= ========== ====== ======== =============== =========
Egypt 176.6 2.8 10.0 189.4
====================== ============= ========= ========== ====== ======== =============== =========
India 7.6 7.6
====================== ============= ========= ========== ====== ======== =============== =========
Indonesia 458.8 341.3 28.2 828.3
====================== ============= ========= ========== ====== ======== =============== =========
Iraq 112.8 112.8
====================== ============= ========= ========== ====== ======== =============== =========
Mauritania 22.9 1.0 0.6 24.5
====================== ============= ========= ========== ====== ======== =============== =========
Mexico 3.7 5.2 8.9
====================== ============= ========= ========== ====== ======== =============== =========
Oman 1,856.3 339.0 0.5 2,195.8
====================== ============= ========= ========== ====== ======== =============== =========
Russia 0.6 0.6
====================== ============= ========= ========== ====== ======== =============== =========
São Tomé
and Príncipe 0.5 1.0 1.5
====================== ============= ========= ========== ====== ======== =============== =========
Senegal 0.7 0.6 1.2
====================== ============= ========= ========== ====== ======== =============== =========
Trinidad and Tobago 951.5 1.9 953.4
====================== ============= ========= ========== ====== ======== =============== =========
United Arab Emirates 5,798.6 5.8 5,804.5
====================== ============= ========= ========== ====== ======== =============== =========
United Kingdom 1,271.3 6.9 1,278.2
====================== ============= ========= ========== ====== ======== =============== =========
United States 431.6 1,152.7 10.4 22.2 1,616.9
====================== ============= ========= ========== ====== ======== =============== =========
Total 23,069.9 11,511.6 1,372.7 180.3 511.4 2.6 36,648.6
====================== ============= ========= ========== ====== ======== =============== =========
P ayments by country
Algeria
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============== ========== ========== ===== ======== =============== ======
Ministère des
Finances - Direction
Générale
des Impôts (a) 181.1 181.1
======================================= ========== ========== ===== ======== =============== ======
Sonatrach 0.2 0.2
======================================= ========== ========== ===== ======== =============== ======
Total 181.1 0.2 181.2
======================================= ========== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========== ============== ========== ========== ===== ======== =============== ======
In Amenas (b) 116.8 0.2 116.9
=========================== ========== ========== ===== ======== =============== ======
In Salah (c) 64.3 64.3
=========================== ========== ========== ===== ======== =============== ======
Total 181.1 0.2 181.2
=========================== ========== ========== ===== ======== =============== ======
Includes $149.8 million of taxes settled by Sonatrach on bp's behalf
(a) out of entitlement, pursuant to the relevant agreements.
(b) Includes $85.5 million of taxes settled by Sonatrach on bp's behalf
out of production entitlement, pursuant to the relevant agreements.
(c) Pursuant to the relevant agreements, Sonatrach paid these taxes
on bp's behalf out of revenue entitlements.
Angola
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
========================= ============= ======= ========== ===== ======== =============== =========
Administração
Geral Tributaria 3.5 3.5
========================= ============= ======= ========== ===== ======== =============== =========
ANPG - Concessionaire (a) 731.5 731.5
========================= ============= ======= ========== ===== ======== =============== =========
Ministry of Finance 451.7 0.2 451.8
========================= ============= ======= ========== ===== ======== =============== =========
Ministry of Petroleum 4.7 4.7
========================= ============= ======= ========== ===== ======== =============== =========
Rise Angola 0.4 0.4
========================= ============= ======= ========== ===== ======== =============== =========
Sonangol P&P (b) 704.2 704.2
========================= ============= ======= ========== ===== ======== =============== =========
Total 1,435.7 459.9 0.2 0.4 1,896.2
========================= ============= ======= ========== ===== ======== =============== =========
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============= ======= ========== ===== ======== =============== =========
Block 15 82.1 82.1
========== ============= ======= ========== ===== ======== =============== =========
Block 17 178.7 178.7
========== ============= ======= ========== ===== ======== =============== =========
Block 18 (c) 761.2 145.9 0.2 0.4 907.7
========== ============= ======= ========== ===== ======== =============== =========
Block 31 (d) 674.5 53.1 727.7
========== ============= ======= ========== ===== ======== =============== =========
Total 1,435.7 459.9 0.2 0.4 1,896.2
========== ============= ======= ========== ===== ======== =============== =========
Payments in kind for 6.8 million bbl of crude oil valued per the
(a) production sharing agreement.
(b) Payments in kind for 6.7 million bbl of crude oil valued per the
production sharing agreement.
(c) Payments in kind for 7.0million bbl of crude oil valued per the
production sharing agreement.
(d) Payments in kind for 6.5 million bbl of crude oil valued per the
production sharing agreement.
Argentina
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ====== ========== ===== ======== =============== ======
Administracion Federal
de
------------------------ -------------- ------ ---------- ----- -------- --------------- ------
Ingresos Publicos 0.4 0.4
======================================== ====== ========== ===== ======== =============== ======
Total 0.4 0.4
======================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
Payments not attributable
to projects 0.4 0.4
=========================================== ====== ========== ===== ======== =============== ======
Total 0.4 0.4
=========================================== ====== ========== ===== ======== =============== ======
Australia
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ====== ========== ===== ======== =============== ======
Australian Taxation
Office 434.0 434.0
======================================== ====== ========== ===== ======== =============== ======
Department of Mines,
Industry
------------------------ -------------- ------ ---------- ----- -------- --------------- ------
Regulation and Safety 220.0 220.0
======================================== ====== ========== ===== ======== =============== ======
Total 434.0 220.0 654.0
======================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
================== ============== ====== ========== ===== ======== =============== ======
North West Shelf 434.0 220.0 654.0
================================== ====== ========== ===== ======== =============== ======
Total 434.0 220.0 654.0
================================== ====== ========== ===== ======== =============== ======
Azerbaijan
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
===================== ============= ============ ========== ===== ======== =============== =========
Azerbaijan (ACG)
Ltd. (SOCAR
subsidiary) (a) 1,332.4 1,332.4
===================== ============= ============ ========== ===== ======== =============== =========
Azerbaijan (Shah
Deniz) Ltd.
(SOCAR subsidiary) (b) 2,072.2 2,072.2
===================== ============= ============ ========== ===== ======== =============== =========
Ministry of Taxes (h) 1,009.1 1,009.1
===================== ============= ============ ========== ===== ======== =============== =========
SGC Upstream LLC (c) 995.1 995.1
===================== ============= ============ ========== ===== ======== =============== =========
State Oil Company
of Azerbaijan
Republic (SOCAR) (d) 260.0 260.0
===================== ============= ============ ========== ===== ======== =============== =========
State Oil Fund of
Azerbaijan (e) 14,651.8 2.6 450.0 15,104.4
Total 19,311.5 1,009.1 2.6 450.0 20,773.2
===================== ============= ============ ========== ===== ======== =============== =========
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============= ========== ========== ===== ======== =============== =========
Azeri-Chirag-Deepwater
Gunashli - PSA (f) 11,602.8 219.4 450.0 12,272.2
======================== ============= ========== ========== ===== ======== =============== =========
Shafag-Asiman - PSA 2.1 2.1
======================== ============= ========== ========== ===== ======== =============== =========
Shah Deniz - PSA (g) 7,708.7 (i) 789.7 8,498.4
======================== ============= ========== ========== ===== ======== =============== =========
Shallow Water Absheron
Peninsula (SWAP)
PSA 0.5 0.5
========================= ============= ========== ========== ===== ======== =============== =========
Total 19,311.5 1,009.1 2.6 450.0 20,773.2
======================== ============= ========== ========== ===== ======== =============== =========
(a) Payments in kind for 13.2 million bbls of crude oil valued at netback
value per the production sharing agreement
(b) Includes payments in kind of $331.1 million for 3.5 million bbls
of crude oil valued at netback value per the production sharing
agreement and the remaining production entitlement was paid in cash.
(c) Includes payments in kind of $167.9 million for 1.8 million bbls
of crude oil valued at netback value per the production sharing
agreement and the remaining production entitlement was paid in cash.
(d) Payments in kind for 2.6 billion cubic meters of associated residue
natural gas valued on the basis of gas prices realized in a similar
Azerbaijani project.
(e) Includes payments in kind of $10,822.9 million for 108.2 million
bbls of crude oil valued at netback value per the production sharing
agreement and the remaining production entitlement was paid in cash.
(f) Includes payments in kind of $11,342.8 million for 112.9 million
bbls of crude oil valued at netback value per the production sharing
agreement and payments in kind of $260.0 million for 2.6 billion
cubic meters of associated residue natural gas valued on the basis
of gas prices realized in a similar Azerbaijani project.
(g) Includes payments in kind of $1,311.5 million for 13.7 million bbls
of crude oil valued at netback value per the production sharing
agreement and the remaining production entitlement was paid in cash.
(h) Includes $789.7 million of taxes settled by SOCAR on bp's behalf
out of entitlement, pursuant to the relevant agreements.
(i) Pursuant to the relevant agreements, SOCAR paid these taxes on bp's
behalf out of revenue entitlements.
Brazil
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
================================= ============== ======= =========== ===== ======== =============== ======
Agencia Nacional
do Petroleo, Gas
Natural e Biocombustíveis 0.7 0.7
======================================================================= ===== ======== =============== ======
Petrobras 73.2 73.2
======================================================================= ===== ======== =============== ======
Total 73.9 73.9
======================================================================= ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============== ======= =========== ===== ======== =============== ======
CM-477 0.2 0.2
================================================ ===== ======== =============== ======
CM-755 0.3 0.3
================================================ ===== ======== =============== ======
CM-793 0.3 0.3
================================================ ===== ======== =============== ======
FOZ-127 8.0 8.0
================================================ ===== ======== =============== ======
FOZ-57 16.5 16.5
================================================ ===== ======== =============== ======
FOZ-59 35.8 35.8
================================================ ===== ======== =============== ======
FOZ-88 12.6 12.6
================================================ ===== ======== =============== ======
S-M-1500 0.1 0.1
================================================ ===== ======== =============== ======
Total 73.9 73.9
================================================ ===== ======== =============== ======
Canada
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Canada Newfoundland
Offshore 1.9 1.9
============================================================= ===== ======== =============== ======
Canada Revenue Agency 42.7 42.7
============================================================= ===== ======== =============== ======
Government of Alberta 0.4 0.4
============================================================= ===== ======== =============== ======
Natural Resources
Canada 1.1 1.1
============================================================= ===== ======== =============== ======
Total 46.0 46.0
============================================================= ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========================== ============== ======= =========== ===== ======== =============== ======
Newfoundland Exploration 2.9 2.9
================================================================ ===== ======== =============== ======
Nova Scotia Exploration 42.7 42.7
================================================================ ===== ======== =============== ======
Terre De Grace 0.4 0.4
================================================================ ===== ======== =============== ======
Total 46.0 46.0
================================================================ ===== ======== =============== ======
Egypt
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ========== ========== ===== ======== =============== ======
Egyptian General
Petroleum 2.6 10.0 12.6
======================================== ========== ========== ===== ======== =============== ======
Egyptian Natural
Gas Holding
Company (EGAS) 0.3 0.3
======================================== ========== ========== ===== ======== =============== ======
Egyptian Tax Authority (a) 176.6 176.6
======================================== ========== ========== ===== ======== =============== ======
Total 176.6 2.8 10.0 189.4
======================================== ========== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
================== ============== ========= ========== ===== ======== =============== ======
Baltim (a) 48.3 48.3
================================== ========= ========== ===== ======== =============== ======
El Qaraa (a) 21.8 21.8
================================== ========= ========== ===== ======== =============== ======
North Damietta (a) 15.7 15.7
================================== ========= ========== ===== ======== =============== ======
North El Salum &
North El Tabya 0.3 0.3
================================== ========= ========== ===== ======== =============== ======
Ras El Bar (a) 33.5 33.5
================================== ========= ========== ===== ======== =============== ======
Temsah (a) 12.7 12.7
================================== ========= ========== ===== ======== =============== ======
West Nile Delta 2.6 10.0 12.6
================================== ========= ========== ===== ======== =============== ======
Zohr (a) 44.5 44.5
================================== ========= ========== ===== ======== =============== ======
Total 176.6 2.8 10.0 189.4
================================== ========= ========== ===== ======== =============== ======
(a) Pursuant to the relevant agreements, Egypt General Petroleum Corporation
paid these taxes on bp's behalf out of production entitlement
India
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============= ====== ========== ===== ======== =============== ======
Ministry of Petroleum
and
Natural Gas 7.6 7.6
======================= ============= ====== ========== ===== ======== =============== ======
Total 7.6 7.6
======================= ============= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=================== ============= ====== ========== ===== ======== =============== ======
KG D6 KG-DWN-98/3 7.6 7.6
=================== ============= ====== ========== ===== ======== =============== ======
Total 7.6 7.6
=================== ============= ====== ========== ===== ======== =============== ======
Indonesia
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
===================== ============= ====== ========== ===== ======== =============== ======
Direktorat Jenderal
Minyak dan
Gas 28.2 28.2
===================== ============= ====== ========== ===== ======== =============== ======
Ministry of Finance (a) 458.8 341.3 800.1
===================== ============= ====== ========== ===== ======== =============== ======
Total 458.8 341.3 828.3
===================== ============= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============= ====== ========== ===== ======== =============== ======
Tangguh (a) 458.8 341.3 28.2 828.3
========== ============= ====== ========== ===== ======== =============== ======
Total 458.8 341.3 28.2 828.3
========== ============= ====== ========== ===== ======== =============== ======
(a) Includes payments in kind of $87.1 million for 1.1million bbls of
condensates valued per the production sharing agreement and the
remaining production entitlement for LNG was paid in cash.
Iraq
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
==================== ============== ====== ========== ===== ======== =============== ======
General Commission
for Taxes 112.8 112.8
==================================== ====== ========== ===== ======== =============== ======
Total 112.8 112.8
==================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============== ====== ========== ===== ======== =============== ======
Rumaila 112.8 112.8
========================== ====== ========== ===== ======== =============== ======
Total 112.8 112.8
========================== ====== ========== ===== ======== =============== ======
Mauritania
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ======= =========== ===== ======== =============== ======
Ministry of Petroleum,
Energy and
Mines 22.9 1.0 0.6 24.5
============================================================== ===== ======== =============== ======
Total 22.9 1.0 0.6 24.5
============================================================== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== ======= =========== ===== ======== =============== ======
BirAllah 0.1 1.0 1.1
================================================================= ===== ======== =============== ======
Block C12 22.1 22.1
================================================================= ===== ======== =============== ======
Block C8 0.7 0.7
================================================================= ===== ======== =============== ======
Payments not attributable
to projects 0.6 0.6
================================================================= ===== ======== =============== ======
Total 22.9 1.0 0.6 24.5
================================================================= ===== ======== =============== ======
Mexico
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
================================ ============== ====== ========== ===== ======== =============== ======
Fondo Mexicano del
Petróleo 5.2 5.2
Sistema de administración
Tributaria 3.7 3.7
================================================ ====== ========== ===== ======== =============== ======
Total 3.7 5.2 8.9
================================================ ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
===================== ============== ====== ========== ===== ======== =============== ======
Cuencas del Sureste
34 R3 0.9 0.7 1.6
===================================== ====== ========== ===== ======== =============== ======
Cuenca Salina 1 R1 2.9 4.5 7.4
===================================== ====== ========== ===== ======== =============== ======
Total 3.7 5.2 8.9
===================================== ====== ========== ===== ======== =============== ======
Oman
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
========================= ============= ====== ========== ===== ======== =============== ========
Makarim Gas Development (a) 938.8 938.8
========================= ============= ====== ========== ===== ======== =============== ========
Ministry of Energy
and
Minerals (b) 917.5 0.5 918.0
========================= ============= ====== ========== ===== ======== =============== ========
Ministry of Finance 3390 339.0
========================= ============= ====== ========== ===== ======== =============== ========
Total 1,856.3 339.0 0.5 2,195.8
========================= ============= ====== ========== ===== ======== =============== ========
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============= ====== ========== ===== ======== =============== ========
(a)(b)
Khazzan 1,856.3 339.0 0.5 2,195.8
========== ============= ====== ========== ===== ======== =============== ========
Total 1,856.3 339.0 0.5 2,195.8
========== ============= ====== ========== ===== ======== =============== ========
(a) Comprises payments in kind of $447.8 million for 4.6 million bbls
of condensates valued at market prices, $489.1 million for 143.6
million mmBtu of gas valued per the Gas Sales Agreement and $1.9
million was paid in cash.
(b) Comprises payments in kind of $573.9 million for 6.3 million bbls
of condensates valued at market prices, $340.9 million for 100.0
million mmBtu of gas valued per the Gas Sales Agreement and $2.7
million was paid in cash.
Russia
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
===================== ============== ====== ========== ===== ======== =============== ======
Ministry of Finance 0.6 0.6
===================================== ====== ========== ===== ======== =============== ======
Total 0.6 0.6
===================================== ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== ====== ========== ===== ======== =============== ======
Payments not attributable
to projects 0.6 0.6
=========================================== ====== ========== ===== ======== =============== ======
Total 0.6 0.6
=========================================== ====== ========== ===== ======== =============== ======
São Tomé and Príncipe
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Agência Nacional
do Petróleo 0.5 1.0 1.5
============================================================= ===== ======== =============== ======
Total 0.5 1.0 1.5
============================================================= ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
========== ============== ======= =========== ===== ======== =============== ======
Block 10 0.2 0.5 0.8
================================================ ===== ======== =============== ======
Block 13 0.2 0.5 0.8
Total 0.5 1.0 1.5
================================================ ===== ======== =============== ======
Senegal
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============== ======= =========== ===== ======== =============== ======
Ministry of Health 0.6 0.6
============================================================= ===== ======== =============== ======
Société
des pétroles
du Sénégal 0.7 0.7
============================================================= ===== ======== =============== ======
Total 0.7 0.6 1.2
============================================================= ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ======= =========== ===== ======== =============== ======
Block Cayar Profond 0.3 0.3
============================================================== ===== ======== =============== ======
Block St Louis Profond 0.3 0.3
Greater Tortue Ahmeyim 0.6 0.6
Total 0.7 0.6 1.2
============================================================== ===== ======== =============== ======
Trinidad and Tobago
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
========================= ============== ====== ========== ===== ======== =============== ======
Board of Inland Revenue 503.8 503.8
========================================= ====== ========== ===== ======== =============== ======
Ministry of Energy
and
Energy Industries 447.7 1.9 449.6
========================================= ====== ========== ===== ======== =============== ======
Total 951.5 1.9 953.4
========================================= ====== ========== ===== ======== =============== ======
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
============= ============== ====== ========== ===== ======== =============== ======
Block 5B 1.8 1.8
============================= ====== ========== ===== ======== =============== ======
BPTT Blocks 951.5 0.1 951.7
============================= ====== ========== ===== ======== =============== ======
Total 951.5 1.9 953.4
============================= ====== ========== ===== ======== =============== ======
United Arab Emirates
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================= ============== ======== ========== ===== ======== =============== ========
Abu Dhabi National
Oil Company
Company 5.8 5.8
======================================= ======== ========== ===== ======== =============== ========
Department of Finance
Abu Dhabi 5,798.6 5,798.6
======================================= ======== ========== ===== ======== =============== ========
Total 5,798.6 5.8 5,804.5
======================================= ======== ========== ===== ======== =============== ========
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== ======== ========== ===== ======== =============== ========
ADCO Concession (Onshore) 5,798.6 5.8 5,804.5
=========================================== ======== ========== ===== ======== =============== ========
Total 5,798.6 5.8 5,804.5
=========================================== ======== ========== ===== ======== =============== ========
United Kingdom
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
======================== ============== ========= ========== ===== ======== =============== ========
(a)(b)
HM Revenue and Customs 1,271.3 1,271.3
======================================== ========= ========== ===== ======== =============== ========
Oil and Gas Authority 6.9 6.9
======================================== ========= ========== ===== ======== =============== ========
Total 1,271.3 6.9 1278.2
======================================== ========= ========== ===== ======== =============== ========
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== =========== ========== ===== ======== =============== ========
Andrew 0.4 0.4
=========================================== =========== ========== ===== ======== =============== ========
Clair 0.4 0.4
=========================================== =========== ========== ===== ======== =============== ========
Decommissioning (a) (11.4) (11.4)
=========================================== =========== ========== ===== ======== =============== ========
ETAP 0.8 0.8
=========================================== =========== ========== ===== ======== =============== ========
Exploration 1.6 1.6
=========================================== =========== ========== ===== ======== =============== ========
Foinaven 1.4 1.4
=========================================== =========== ========== ===== ======== =============== ========
Murlach 0.2 0.2
=========================================== =========== ========== ===== ======== =============== ========
Non-Operated (a) (7.2) 0.1 (7.1)
=========================================== =========== ========== ===== ======== =============== ========
Payments not attributable
(a)(b)
to projects 1,289.9 1,289.9
=========================================== =========== ========== ===== ======== =============== ========
Schiehallion 1.9 1.9
=========================================== =========== ========== ===== ======== =============== ========
Total 1,271.3 6.9 1,278.2
=========================================== =========== ========== ===== ======== =============== ========
(a) Net refunds result from the carry back of tax losses, resulting
in a refund of taxes paid in prior years.
(b) Settlement of tax which include interest over/under payments
United States
$ million
Production Infrastructure
Governments entitlements Taxes Royalties Fees Bonuses improvements Total
Federal Government 160.0 160.0
===================================== ========= ============ ======= ======== =============== ========
Office of Natural
Resources
Revenue 1.1 1.1
===================================== ========= ============ ======= ======== =============== ========
Office of Natural
Resources
Revenue/Department
of the
Interior 947.7 9.7 22.2 979.6
===================================== ========= ============ ======= ======== =============== ========
State of Alaska 0.3 0.3
===================================== ========= ============ ======= ======== =============== ========
State of Colorado 0.3 0.3
===================================== ========= ============ ======= ======== =============== ========
(a)
State of Louisiana 65.2 15.7 80.8
===================================== ========= ============ ======= ======== =============== ========
(a)
State of New Mexico 0.3 0.5 0.8
===================================== ========= ============ ======= ======== =============== ========
(a)
State of Oklahoma 1.2 1.2
===================================== ========= ============ ======= ======== =============== ========
(a)
State of Texas 205.4 186.5 0.7 392.6
===================================== ========= ============ ======= ======== =============== ========
Total 431.6 1,152.7 10.4 22.2 1,616.9
------------------------------------- --------- ------------ ------- -------- --------------- --------
Production Infrastructure
Projects entitlements Taxes Royalties Fees Bonuses improvements Total
=========================== ============== ====== ========== ===== ======== =============== ========
Alaska 0.3 0.3
=========================================== ====== ========== ===== ======== =============== ========
Colorado 0.3 0.3
=========================================== ====== ========== ===== ======== =============== ========
Gulf of Mexico -
Central 909.2 9.5 22.2 940.9
=========================================== ====== ========== ===== ======== =============== ========
Gulf of Mexico -
Western 38.5 0.2 38.7
=========================================== ====== ========== ===== ======== =============== ========
Louisiana 65.2 15.7 80.8
=========================================== ====== ========== ===== ======== =============== ========
New Mexico 0.3 0.5 0.8
=========================================== ====== ========== ===== ======== =============== ========
Onshore Fed 1.1 1.1
=========================================== ====== ========== ===== ======== =============== ========
Oklahoma 1.2 1.2
=========================================== ====== ========== ===== ======== =============== ========
Texas 205.4 186.5 0.7 392.6
=========================================== ====== ========== ===== ======== =============== ========
Payments not attributable
to projects 160.0 160.0
=========================================== ====== ========== ===== ======== =============== ========
Total 431.6 1,152.7 10.4 22.2 1,616.9
=========================================== ====== ========== ===== ======== =============== ========
(a) Payments to states where bp has no extractive activities relate
to Escheatment of Royalties.
O ther resources
bp payments to governments 2022
Detailed data filed with UK Registrar
extractives.companieshouse.gov.uk
bp annual and sustainability reporting
bp Annual Report and Form 20-F 2022
bp.com/annualreport
bp sustainability report 2022
bp.com/sustainability
bp tax report 2022
bp.com/tax
bp economic impact reports
bp US Economic Impact Report
bp.com/economicimpact-us
bp's Impact on the UK Economy
bp.com/economicimpact-uk
Contacts
P r e s s Off i ce L o n don Ho us ton
D a vi d N i ch ol as Br et t Cl an ton
+ 4 4 ( 0 ) 20 7 4 96 4 + 1 2 81 366 8 3 46
7 08
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(END) Dow Jones Newswires
June 22, 2023 03:00 ET (07:00 GMT)
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