| Kosmos Energy Ltd |
| Report on payments to government for the year 2020 |
| Introduction |
| Kosmos Energy Ltd. has prepared the following consolidated report in respect of payments made to governments for the year ended 31 December 2020 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) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules. |
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Payments to Governments (USD (1) | |||||||||
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|
Cote d'Ivoire |
Equatorial Guinea |
Ghana |
Mauritania | Sao Tome & Principe |
Senegal |
Suriname |
United States | |
| Production Entitlements (bbls) (2) | - | 583,000 | - | - | - | - | - | - | |
| Estimated Production Entitlements ($s) (2) | $ - | $ 24,130,000 | $ - | $ - | $ - | $ - | $ - | $ - | |
| Income Taxes (3) | $ - | $ 78,772,000 | $ 37,600,000 | $ - | $ - | $ - | $ - | $ 19,000 | |
| Royalties (bbls) (2) | - | 574,000 | 518,000 | - | - | - | - | 952,000 | |
| Estimated Royalties ($s) (2) | $ - | $ 23,758,000 | $ 21,440,000 | $ - | $ - | $ - | $ - | $ 36,826,000 | |
| Dividends | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | |
| Bonuses | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 125,000 | |
| License Fees (Surface Rentals, Permitting Fees, etc) | $ - | $ - | $ 26,000 | $ - | $ - | $ - | $ - | $ 2,125,000 | |
| Infrastructure Improvement | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | |
| Envt, Capacity Building & Social Projects (4) | $ 750,000 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | |
| Training (4) | $ 750,000 | $ 500,000 | $ - | $ - | $ 80,000 | $ - | $ - | $ - | |
| Taxes (Non-Income) (5) | $ 319,000 | $ 210,000 | $ 6,686,000 | $ 467,000 | $ 122,000 | $ 237,000 | $ 477,000 | $ 4,146,000 | |
| Other (6) | $ 13,000 | $ - | $ - | $ - | $ 400,000 | $ - | $ - | $ - | |
| Total | $ 1,832,000 | $ 127,370,000 | $ 65,752,000 | $ 467,000 | $ 602,000 | $ 237,000 | $ 477,000 | $ 43,241,000 | |
| FOOTNOTES The Payments to Government data are reflective of direct payments made to government entities by Kosmos Energy. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015). These regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013). Please see the footnotes below for further detail on the payments we made to our host country governments in 2020. (1) Our summary, project-level and receiving-entity level payments to government disclosures are also available on our website at www.kosmosenergy.com/transparency (2) Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in barrels of oil out of Kosmos Energy's working interest share of production. Production entitlements are paid to the Republic of Equatorial Guinea in barrels of oil based on their participating interest. The production entitlement amounts presented represent Kosmos Energy's participating share received by the Republic of Equatorial Guinea. The value of the royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $41.39 during 2020. United States amounts above are determined based on actual sales prices. (3) Exclusive of any income tax refunds received (4) Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable. In addition to the numbers above, Kosmos made payments to third party training providers and/or national oil company employees in accordance with training obligations per the PSCs totaling $466,000 in Equatorial Guinea and $2,000 in Sao Tome and Principe. (5) Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States. These values are exclusive of withholding taxes remitted on behalf of service providers. (6) Primarily relates to transactional transfer fees. |
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| Payments to Governments Receiving Entity- Level Disclosures (1) | ||||||||||||||
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|
Production Entitlements (bbls) (2) |
Estimated Production Entitlements ($s) (2) |
Income Taxes (3) |
Royalties (bbls) (2) |
Estimated Royalties ($s) (2) |
Dividends |
Bonuses | License Fees (Surface Rentals, Permitting Fees, etc) |
Infrastructure Improvement | Environment, Capacity Building & Social Projects (4) |
Training (4) |
Taxes (Non- Income) (5) |
Other (6) |
TOTAL |
| CDI Block CI-526 | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 63,800 | 2,600 | $ 366,400 |
| CDI Block CI-602 | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 63,800 | 2,600 | $ 366,400 |
| CDI Block CI-603 | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 63,800 | 2,600 | $ 366,400 |
| CDI Block CI-707 | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 63,800 | 2,600 | $ 366,400 |
| CDI Block CI-708 | - | - | - | - | - | - | - | - | - | 150,000 | 150,000 | 63,800 | 2,600 | $ 366,400 |
| Total Cote d'Ivoire | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ 750,000 | $ 750,000 | $ 319,000 | $ 13,000 | $ 1,832,000 |
| Ceiba Field | 182,000 | 7,533,000 | - | 210,000 | 8,692,000 | - | - | - | - | - | - | - | - | $ 16,225,000 |
| Okume Complex Field | 401,000 | 16,597,000 | - | 364,000 | 15,066,000 | - | - | - | - | - | - | - | - | $ 31,663,000 |
| Equatorial Guinea Block S | - | - | - | - | - | - | - | - | - | - | 100,000 | 52,500 | - | $ 152,500 |
| Equatorial Guinea Block W | - | - | - | - | - | - | - | - | - | - | 100,000 | 52,500 | - | $ 152,500 |
| Equatorial Guinea Block 21 | - | - | - | - | - | - | - | - | - | - | 100,000 | 52,500 | - | $ 152,500 |
| Equatorial Guinea Block 24 | - | - | - | - | - | - | - | - | - | - | 200,000 | 52,500 | - | $ 252,500 |
| Company Level - Kosmos Equatorial Guinea, Inc. | - | - | 78,771,000 | - | - | - | - | - | - | - | - | - | - | $ 78,771,000 |
| Company Level - Kosmos Energy Equatorial Guinea | - | - | 1,000 | - | - | - | - | - | - | - | - | - | - | $ 1,000 |
| Total Equatorial Guinea | 583,000 | $ 24,130,000 | $ 78,772,000 | 574,000 | $ 23,758,000 | $ - | $ - | $ - | $ - | $ - | $ 500,000 | $ 210,000 | $ - | $ 127,370,000 |
| Jubilee | - | - | - | 367,000 | 15,190,000 | - | - | - | - | - | - | - | - | $ 15,190,000 |
| TEN | - | - | - | 151,000 | 6,250,000 | - | - | - | - | - | - | - | - | $ 6,250,000 |
| West Cape Three Points | - | - | - | - | - | - | - | 13,000 | - | - | - | - | - | $ 13,000 |
| Deepwater Tano | - | - | - | - | - | - | - | 13,000 | - | - | - | - | - | $ 13,000 |
| Company Level | - | - | 37,600,000 | - | - | - | - | - | - | - | - | 6,686,000 | - | $ 44,286,000 |
| Total Ghana | - | $ - | $ 37,600,000 | 518,000 | $ 21,440,000 | $ - | $ - | $ 26,000 | $ - | $ - | $ - | $ 6,686,000 | $ - | $ 65,752,000 |
| Company Level | - | - | - | - | - | - | - | - | - | - | - | 467,000 | - | $ 467,000 |
| Total Mauritania | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 467,000 | $ - | $ 467,000 |
| Sao Tome Block 6 | - | - | - | - | - | - | - | - | - | - | - | - | 100,000 | $ 100,000 |
| Sao Tome Block 10 |
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|
|
|
|
|
|
|
|
|
|
| 100,000 | $ 100,000 |
| Sao Tome Block 11 | - | - | - | - | - | - | - | - | - | - | - | - | 100,000 | $ 100,000 |
| Sao Tome Block 12 | - | - | - | - | - | - | - | - | - | - | 80,000 | - | - | $ 80,000 |
| Sao Tome Block 13 |
|
|
|
|
|
|
|
|
|
|
|
| 100,000 | $ 100,000 |
| Company Level | - | - | - | - | - | - | - | - | - | - | - | 122,000 | - | $ 122,000 |
| Total Sao Tome and Principe | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ 80,000 | $ 122,000 | $ 400,000 | $ 602,000 |
| Company Level | - | - | - | - | - | - | - | - | - | - | - | 237,000 | - | $ 237,000 |
| Total Senegal | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 237,000 | $ - | $ 237,000 |
| Suriname Block 42 | - | - | - | - | - | - | - | - | - | - | - | - | - | $ - |
| Suriname Block 45 | - | - | - | - | - | - | - | - | - | - | - | - | - | $ - |
| Company Level | - | - | - | - | - | - | - | - | - | - | - | 477,000 | - | $ 477,000 |
| Total Suriname | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 477,000 | $ - | $ 477,000 |
| Mississippi Canyon | - | - | - | 448,000 | 19,018,000 | - | - | 1,072,000 | - | - | - | - | - | $ 20,090,000 |
| De Soto Canyon | - | - | - | - | - | - | - | 550,000 | - | - | - | - | - | $ 550,000 |
| Garden Banks | - | - | - | 21,000 | 660,000 | - | - | 66,000 | - | - | - | - | - | $ 726,000 |
| Green Canyon | - | - | - | 483,000 | 17,148,000 | - | - | 147,000 | - | - | - | - | - | $ 17,295,000 |
| Keathley Canyon | - | - | - | - | - | - | - | 219,000 | - | - | - | - | - | $ 219,000 |
| Walker Ridge | - | - | - | - | - | - | 125,000 | 63,000 | - | - | - | - | - | $ 188,000 |
| Company Level | - | - | 19,000 | - | - | - | - | 8,000 | - | - | - | 4,146,000 | - | $ 4,173,000 |
| Total United States of America | - | $ - | $ 19,000 | 952,000 | $ 36,826,000 | $ - | $ 125,000 | $ 2,125,000 | $ - | $ - | $ - | $ 4,146,000 | $ - | $ 43,241,000 |
| Total | 583,000 | $ 24,130,000 | $ 116,391,000 | 2,044,000 | $ 82,024,000 | $ - | $ 125,000 | $ 2,151,000 | $ - | $ 750,000 | $ 1,330,000 | $ 12,664,000 | $ 413,000 | $ 239,978,000 |
| Payments to Governments - Receiving Entity- Level Disclosures (1) | |||||||||||||||
|
|
Production Entitlements (bbls) (2) |
Estimated Production Entitlements ($s) (2) |
Income Taxes (3) |
Royalties (bbls) (2) |
Estimated Royalties ($s) (2) |
Dividends |
Bonuses | License Fees (Surface Rentals, Permitting Fees, etc) |
Infrastructure Improvement | Environment, Capacity Building & Social Projects (4) |
Training (4) |
Taxes (Non- Income) (5) |
Other (6) |
TOTAL | |
| Caisse Nationale De Prevoyance Sociale | - | - | - | - | - | - | - | - | - | - | - | 17,000 | - | $ 17,000 | |
| Direction Generale des Hydrocarbures | - | - | - | - | - | - | - | - | - | 750,000 | 750,000 | - | - | $ 1,500,000 | |
| Direction Generale Des Impotes | - | - | - | - | - | - | - | - | - | - | - | 302,000 | - | $ 302,000 | |
| Petroci Holding | - | - | - | - | - | - | - | - | - | - | - | - | 13,000 | $ 13,000 | |
| Total Cote d'Ivoire | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ 750,000 | $ 750,000 | $ 319,000 | $ 13,000 | $ 1,832,000 | |
| Ministry of Mines and Hydrocarbons | 583,000 | 24,130,000 | - | 574,000 | 23,758,000 | - | - | - | - | - | 300,000 | - | - | $ 48,188,000 | |
| Tresoreria General Del Estado | - | - | 78,772,000 | - | - | - | - | - | - | - | - | 108,000 | - | $ 78,880,000 | |
| Instituto Nacional de Seguridad Social de Guinea Ecuatorial | - | - | - | - | - | - | - | - | - | - | - | 89,500 | - | $ 89,500 | |
| Fondo de Formacion del Ministerio de Minas e | - | - | - | - | - | - | - | - | - | - | 200,000 | - | - | $ 200,000 | |
| Ministerio De Transportes | - | - | - | - | - | - | - | - | - | - | - | - | - | $ - | |
| Ministerio De Trabajo | - | - | - | - | - | - | - | - | - | - | - | 500 | - | $ 500 | |
| Ministerio De Hacienda Y Presupuestos | - | - | - | - | - | - | - | - | - | - | - | 12,000 | - | $ 12,000 | |
| Tresor Public De Guinee Equatoriale Depots | - | - | - | - | - | - | - | - | - | - | - | - | - | $ - | |
| Total Equatorial Guinea | 583,000 | $ 24,130,000 | $ 78,772,000 | 574,000 | $ 23,758,000 | $ - | $ - | $ - | $ - | $ - | $ 500,000 | $ 210,000 | $ - | $ 127,370,000 | |
| Government of Republic of Ghana | - | - | - | 518,000 | 21,440,000 | - | - | - | - | - | - | - | - | $ 21,440,000 | |
| Petroleum Commission of Ghana | - | - | - | - | - | - | - | 26,000 | - | - | - | 1,000 | - | $ 27,000 | |
| Social Security & Nat'l Insura | - | - | - | - | - | - | - | - | - | - | - | 212,000 | - | $ 212,000 | |
| Ghana Revenue Authority | - | - | 37,600,000 | - | - | - | - | - | - | - | - | 6,473,000 | - | $ 44,073,000 | |
| Total Ghana | - | $ - | $ 37,600,000 | 518,000 | $ 21,440,000 | $ - | $ - | $ 26,000 | $ - | $ - | $ - | $ 6,686,000 | $ - | $ 65,752,000 | |
| Caisse Nationale D'Assuramce Maladie | - | - | - | - | - | - | - | - | - | - | - | 92,000 | - | $ 92,000 | |
| Caisse Nationale De Securite Sociale | - | - | - | - | - | - | - | - | - | - | - | 2,000 | - | $ 2,000 | |
| Tresorier General | - | - | - | - | - | - | - | - | - | - | - | 373,000 | - | $ 373,000 | |
| Total Mauritania | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 467,000 | $ - | $ 467,000 | |
| Agencia Nacional Do Petroleo De Sao Tome E | - | - | - | - | - | - | - | - | - | - | 80,000 | - | 400,000 | $ 480,000 | |
| INSS - Instituto Nacional De Seguranca Social | - | - | - | - | - | - | - | - | - | - | - | 32,000 | - | $ 32,000 | |
| Tesouro Publico | - | - | - | - | - | - | - | - | - | - | - | 90,000 | - | $ 90,000 | |
| Total Sao Tome & Principe | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ 80,000 | $ 122,000 | $ 400,000 | $ 602,000 | |
| Chef du Bureau de Recouvrement | - | - | - | - | - | - | - | - | - | - | - | $ 237,000 | $ - | $ 237,000 | |
| Total Senegal | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 237,000 | $ - | $ 237,000 | |
| Ontvanger der Direkte Belastingen | - | - | - | - | - | - | - | - | - | - | - | 477,000 | - | $ 477,000 | |
| Total Suriname | - | $ - | $ - | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 477,000 | $ - | $ 477,000 | |
| ONRR | - | - | - | 952,000 | 36,826,000 | - | 125,000 | 2,125,000 | - | - | - | - | - | $ 39,076,000 | |
| Various | - | - | 19,000 | - | - | - | - | - | - | - | - | 4,146,000 | - | $ 4,165,000 | |
| Total United States of America | - | $ - | $ 19,000 | 952,000 | $ 36,826,000 | $ - | $ 125,000 | $ 2,125,000 | $ - | $ - | $ - | $ 4,146,000 | $ - | $ 43,241,000 | |
| Total | 583,000 | $ 24,130,000 | $ 116,391,000 | 2,044,000 | $ 82,024,000 | $ - | $ 125,000 | $ 2,151,000 | $ - | $ 750,000 | $ 1,330,000 | $ 12,664,000 | $ 413,000 | $ 239,978,000 | |
| FOOTNOTES The Payments to Government data are reflective of direct payments made to government entities by Kosmos Energy. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015). These regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013). Please see the footnotes below for further detail on the payments we made to our host country governments in 2020. (1) Our summary, project-level and receiving-entity level payments to government disclosures are also available on our website at www.kosmosenergy.com/transparency (2) Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in barrels of oil out of Kosmos Energy's working interest share of production. Production entitlements are paid to the Republic of Equatorial Guinea in barrels of oil based on their participating interest. The production entitlement amounts presented represent Kosmos Energy's participating share received by the Republic of Equatorial Guinea. The value of the royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $41.39 during 2020. United States amounts above are determined based on actual sales prices. (3) Exclusive of any income tax refunds received (4) Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable. In addition to the numbers above, Kosmos made payments to third party training providers and/or national oil company employees in accordance with training obligations per the PSCs totaling $466,000 in Equatorial Guinea and $2,000 in Sao Tome and Principe. (5) Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States. These values are exclusive of withholding taxes remitted on behalf of service providers. (6) Primarily relates to transactional transfer fees. |
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