RNS Number : 4713C
Kosmos Energy Limited
13 June 2023
 

Kosmos Energy Ltd

Report on payments to government for the year 2022

 

Introduction

Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2022 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 Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015) (the Regulations).

 

Payments to Governments (USD) 1


Equatorial Guinea

Ghana

Mauritania

São Tomé
and Príncipe

Senegal

United States

Income Taxes 2

$    35,990,000

$   203,344,000

$                       -

$                       -

$                       -

$      8,555,000

Royalties (BOE) 3

527,000

696,000

-

-

-

1,003,000

Royalties ($s) 4

$    53,396,000

$     70,519,000

$                       -

$                       -

$                       -

$    88,102,000

Dividends

$                       -

$                       -

$                       -

$                       -

$                       -

$                       -

Bonuses 5

$                       -

$                       -

$                       -

$                       -

$                       -

$         798,000

License Fees 6

$             35,000

$            26,000

$                       -

$                       -

$                       -

$      2,030,000

Infrastructure Improvement

$                       -

$                       -

$                       -

$                       -

$                       -

$                       -

Total

$    89,421,000

$   273,889,000

$                       -

$                        -

$                       -

$    99,485,000

 

FOOTNOTES

1   Government includes any national, regional, or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.

2   Income taxes - Inclusive of tax refunds received. This is based on taxes assessed on income.

3   Royalties - 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 and as reported by the third-party operator. United States royalties are payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore-------- federal leases.

4   Royalties - The value of royalties for Equatorial Guinea and Ghana are estimated based on the annual average of daily Brent prices of $101.32 during 2022. United States royalties are actual payments to the United States ONRR.

5   Bonuses - Payments made to the federal government when acquiring offshore leases.

6   License Fees - Payments made primarily to the federal government for annual rentals and applications for permits.



 

Introduction - Supplemental Information

In addition to the above Payments to Governments, Kosmos Energy Ltd. has prepared the following supplemental information for the year ended 31 December 2022.

 

 

Payments to Governments (USD) - Supplemental Information


Equatorial Guinea

Ghana

Mauritania

São Tomé
and Príncipe

Senegal

United States

Supplementary Disclosures


Production Entitlements (bbls) 1

655,000

-

-

-

-

-

Estimated Production Entitlements ($s) 1

$ 66,365,000

$                   -

$                   -

$                   -

$                   -

$                   -

Envt, Capacity Building & Social Projects 3

$           9,000

$                   -

$      275,000

$                   -

$        26,000

$                   -

Training 3

$       695,000

$  -                 -

$                   -

$                   -

$                   -

$                   -

Taxes (Non-Income) 2 4

$       209,000

$   8,124,000

$      536,000

$        39,000

$      592,000

$   5,925,000

 

FOOTNOTES

1   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 production entitlements disclosed above are based on the annual average of daily Brent prices of $101.32 during 2022.  These figures exclude 15.594 Bscf of associated Jubilee and TEN sold to GNPC during the year.

2   Inclusive of any tax refunds received.

3   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 national oil company employees in accordance with training obligations per the PSCs totaling $8,600 in São Tomé and Príncipe.

4   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 or similar taxes remitted on behalf of service providers.



 

Payments to Governments  - Receiving Entity-Level Disclosures 1


Production Entitlements (bbls) 2

Estimated Production Entitlements

($s) 2

Income Taxes 3

Royalties (BOE) 2

Royalties ($s) 2

Dividends

Ministry of Mines and Hydrocarbons

                  655,000

           66,365,000

                                 -  

                  527,000

           53,396,000

                                 -  

Tresoreria General Del Estado       

                                 -  

                                 -  

           35,990,000

                                 -  

                                 -  

                                 -  

Instituto Nacional de Seguridad Social de Guinea Ecuatorial

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Fondo de Formacion del Ministerio de Minas e

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Excmo Ayuntamiento de Malabo

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Tresor Public De Guinee Equatoriale Depots  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Various

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

     Total Equatorial Guinea

                  655,000

 $       66,365,000

 $       35,990,000

                  527,000

 $       53,396,000

 $                             -  

Government of Republic of Ghana

                                 -  

                                 -  

                                 -  

                  696,000

           70,519,000

                                 -  

Petroleum Commission of Ghana

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Registrar General Department







Social Security & Nat'l Insura

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Ghana Revenue Authority

                                 -  

                                 -  

        203,344,000

                                 -  

                                 -  

                                 -  

Electricity Company of Ghana

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

     Total Ghana

                  -

 $                             -  

 $    203,344,000

                  696,000

 $       70,519,000

 $                             -  

Caisse Nationale D'Assuramce Maladie

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Caisse Nationale De Securite Sociale

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Tresorier General    

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Commissariat à la Sécurité Alimentaire

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Various

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

     Total Mauritania

                  -

 $                             -  

 $                             -  

                  -

 $                             -  

 $                             -  

INSS - Instituto Nacional De Seguranca Social

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Tesouro Publico  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Direcao Geral Das Alfandegas

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

     Total São Tomé and Príncipe

                  -

 $                             -  

 $                             -  

                  -

 $                             -  

 $                             -  

Chef du Bureau de Recouvrement  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Senegal Retirement

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Senegal Social Security

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

Parc National des Oiseaux du Djoudj

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

                                 -  

     Total Senegal

                  -

 $                             -  

 $                             -  

                  -

 $                             -  

 $                             -  

ONRR

                                 -  

                                 -  

                                 -  

              1,003,000

           88,102,000

                                 -  

Internal Revenue Service

                                 -  

                                 -  

              8,395,000

                                 -  

                                 -  

                                 -  

Various

                                 -  

                                 -  

                  160,000

                                 -  

                                 -  

                                 -  

     Total United States of America

                  -

 $                             -  

 $              8,555,000

              1,003,000

 $           88,102,000

 $                             -  

Total

                  655,000

 $          66,365,000

 $         247,889,000

              2,226,000

 $        212,017,000

 $                             -

 

FOOTNOTES

Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2022 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 Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as- amended in December 2015) (the Regulations).  Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations.  Please see the footnotes below for further detail on the payments we made to our host country governments in 2022.

 

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   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.  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 and as reported by the third-party operator.  These figures exclude 15.594 Bscf of associated Jubilee and TEN sold to GNPC during the year.  The value of the international royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $101.32 during 2022.  United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.

3   Inclusive of tax refunds received. This is based on taxes assessed on income.

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 national oil company employees in accordance with training obligations per the PSCs totaling $8,600 in São Tomé and Príncipe.

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 or similar taxes remitted on behalf of service providers.



 

Payments to Governments  - Receiving Entity-Level Disclosures 1


Bonuses

License Fees

Infrastructure Improvement

Environment, Capacity Building & Social

Projects 4

Training 4

Taxes
(Non-Income) 5

TOTAL

Ministry of Mines and Hydrocarbons

 -  

 -  

 -  

 2,000

 281,000

 -  

 $     120,044,000

Tresoreria General Del Estado       

 -  

 35,000

 -  

 -  

 -  

 135,000

 $       36,160,000

Instituto Nacional de Seguridad Social de Guinea Ecuatorial

 -  

 -  

 -  

 -  

 -  

 61,000

 $               61,000

Fondo de Formacion del Ministerio de Minas e

 -  

 -  

 -  

 -  

 414,000

 -  

 $             414,000

Excmo Ayuntamiento de Malabo

 -  

 -  

 -  

 -  

 -  

 13,000

 $               13,000

Tresor Public De Guinee Equatoriale Depots  

 -  

 -  

 -  

 -  

 -  

 -  

 $                          -  

Various

 -  

 -  

 -  

 7,000

 -  

 -  

 $                 7,000

     Total Equatorial Guinea

 $                          -  

 $              35,000

 $                          -  

 $                 9,000

 $             695,000

 $             209,000

 $     156,699,000

Government of Republic of Ghana

 -  

 -  

 -  

 -  

 -  

 -  

 $       70,519,000

Petroleum Commission of Ghana

 -  

 19,000

 -  

 -  

 -  

 -  

 $               19,000

Registrar General Department


 7,000

 -  

 -  

 -  

 -  

 $                 7,000

Social Security & Nat'l Insura

 -  

 -  

 -  

 -  

 -  

 149,000

 $             149,000

Ghana Revenue Authority

 -  

 -  

 -  

 -  

 -  

 7,934,000

 $     211,278,000

Electricity Company of Ghana

 -  

 -  

 -  

 -  

 -  

 41,000

 $               41,000

     Total Ghana

 $                          -  

 $              26,000

 $                          -  

 $                          -  

 $                          -  

 $         8,124,000

 $     282,013,000

Caisse Nationale D'Assuramce Maladie

 -  

 -  

 -  

 -  

 -  

 72,000

 $               72,000

Caisse Nationale De Securite Sociale

 -  

 -  

 -  

 -  

 -  

 7,000

 $                 7,000

Tresorier General    

 -  

 -  

 -  

 -  

 -  

 457,000

 $            457,000

Commissariat à la Sécurité Alimentaire

 -  

 -  

 -  

 269,000

 -  

 -  

 $            269,000

Various

 -  

 -  

 -  

 6,000

 -  

 -  

 $                 6,000

     Total Mauritania

 $                          -  

 $                          -  

 $                          -  

 $275,000

 $                          -  

 $            536,000

 $            811,000

INSS - Instituto Nacional De Seguranca Social

 -  

 -  

 -  

 -  

 -  

 11,000

 $               11,000

Tesouro Publico  

 -  

 -  

 -  

 -  

 -  

 28,000

 $               28,000

Direcao Geral Das Alfandegas

 -  

 -  

 -  

 -  

 -  

 -  

 $                          -  

     Total São Tomé and Príncipe

 $                          -  

 $                          -  

 $                          -  

 $                          -  

 $                          -  

 $              39,000

$              39,000

Chef du Bureau de Recouvrement  

 -  

 -  

 -  

 -  

 -  

 $580,000

 $            580,000

Senegal Retirement

 -  

 -  

 -  

 -  

 -  

 $12,000

 $              12,000

Senegal Social Security

 -  

 -  

 -  

 -  

 -  

 $-  

 $                         -  

Parc National des Oiseaux du Djoudj

 -  

 -  

 -  

 26,000

 -  

 $-  

 $              26,000

     Total Senegal

 $                          -  

 $                          -  

 $                          -  

 $              26,000

 $                          -  

 $            592,000

$            618,000

ONRR

 798,000

 2,030,000

 -  

 -  

 -  

 -  

 $       90,930,000

Internal Revenue Service

 -  

 -  

 -  

 -  

 -  

 -  

 $          8,395,000

Various

 -  

 -  

 -  

 -  

 -  

 5,925,000

 $          6,085,000

     Total United States of America

 $             798,000

 $          2,030,000

$                          -  

$                          -  

$                          -  

$          5,925,000

 $     105,410,000

Total

 $             798,000

$          2,091,000

$                          -  

$             310,000

 $             695,000

 $        15,425,000

 $     545,590,000

 

FOOTNOTES

Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2022 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 Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as- amended in December 2015) (the Regulations).  Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations.  Please see the footnotes below for further detail on the payments we made to our host country governments in 2022.

 

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   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.  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 and as reported by the third-party operator.  These figures exclude 15.594 Bscf of associated Jubilee and TEN sold to GNPC during the year.  The value of the international royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $101.32 during 2022.  United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.

3   Inclusive of tax refunds received. This is based on taxes assessed on income.

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 national oil company employees in accordance with training obligations per the PSCs totaling $8,600 in São Tomé and Príncipe.

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 or similar taxes remitted on behalf of service providers.



 

Payments to Governments - Project-Level Disclosures 1


Production Entitlements (bbls) 2

Estimated Production Entitlements

($s) 2

Income Taxes 3

Royalties (BOE) 2

Royalties ($s) 2

Dividends

Ceiba Field

                    230,000

            23,304,000

                                    -  

                    176,000

            17,832,000

                                    -  

Okume Complex Field

                    425,000

            43,061,000

                                    -  

                    351,000

            35,564,000

                                    -  

Equatorial Guinea Block S

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Equatorial Guinea Block W

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Equatorial Guinea Block 21

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Equatorial Guinea Block 24

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Company Level - Kosmos Equatorial Guinea, Inc.

                                    -  

                                    -  

            35,980,000

                                    -  

                                    -  

                                    -  

Company Level - Kosmos Energy Equatorial Guinea

                                    -  

                                    -  

                       10,000

                                    -  

                                    -  

                                    -  

     Total Equatorial Guinea

                    655,000

 $             66,365,000

 $            35,990,000

                    527,000

 $             53,396,000

 $                                -  

Jubilee

                                    -  

                                    -  

                                    -  

                    601,000

            60,894,000

                                    -  

TEN

                                    -  

                                    -  

                                    -  

                       95,000

               9,625,000

                                    -  

West Cape Three Points

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Deepwater Tano

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Company Level

                                    -  

                                    -  

         203,344,000

                                    -  

                                    -  

                                    -  

     Total Ghana

                               -  

 $                                -  

 $           203,344,000

                    696,000

 $             70,519,000

 $                                -  

Company Level

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

     Total Mauritania

                               -  

 $                                -  

 $                                -  

                                 -  

 $                                -  

 $                                -  

Company Level

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

     Total Sao Tome and Principe

                               -  

 $                                -  

 $                                -  

                                 -  

 $                                -  

 $                                -  

Company Level

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

     Total Senegal

                               -  

 $                                -  

 $                                -  

                                 -  

 $                                -  

 $                                -  

Mississippi Canyon

                                    -  

                                    -  

                                    -  

                    546,000

            49,539,000

                                    -  

De Soto Canyon

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Garden Banks

                                    -  

                                    -  

                                    -  

                       16,000

               1,416,000

                                    -  

Green Canyon

                                    -  

                                    -  

                                    -  

                    441,000

            37,147,000

                                    -  

Keathley Canyon

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Walker Ridge

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

                                    -  

Company Level

                                    -  

                                    -  

               8,555,000

                                    -  

                                    -  

                                    -  

     Total United States of America

                               -  

 $                                -  

 $               8,555,000

               1,003,000

 $             88,102,000

 $                                -  

Total

                    655,000

 $             66,365,000

 $           247,889,000

               2,226,000

 $           212,017,000

 $                                -  

 

FOOTNOTES

Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2022 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 Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015) (the Regulations).  Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations.  Please see the footnotes below for further detail on the payments we made to our host country governments in 2022.

 

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   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.  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 and as reported by the third-party operator.  These figures exclude 15.594 Bscf of associated Jubilee and TEN sold to GNPC during the year.  The value of the international royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $101.32 during 2022.  United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.

3   Inclusive of tax refunds received. This is based on taxes assessed on income.

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 national oil company employees in accordance with training obligations per the PSCs totaling $8,600 in São Tomé and Príncipe.

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 or similar taxes remitted on behalf of service providers.



 

Payments to Governments - Project-Level Disclosures 1


Bonuses

License Fees

Infrastructure Improvement

Environment, Capacity Building & Social

Projects 4

Training 4

Taxes
(Non-Income) 5

TOTAL

Ceiba Field

 -  

 2,000  

 -  

 -  

 -  

 -  

 $       41,138,000

Okume Complex Field

 -  

2,000

 -  

 -  

 -  

 -  

$       78,627,000

Equatorial Guinea Block S

 -  

31,000

 -  

 -  

104,000

52,250

$            187,250

Equatorial Guinea Block W

 -  

 -  

 -  

 -  

 244,000

52,250

$            296,250

Equatorial Guinea Block 21

 -  

 -  

 -  

 -  

243,000

52,250

$            295,250

Equatorial Guinea Block 24

 -  

 -  

 -  

 -  

104,000

52,250

$            156,250

Company Level - Kosmos Equatorial Guinea, Inc.

 -  

 -  

 -  

 -  

 -  

 -  

$       35,980,000

Company Level - Kosmos Energy Equatorial Guinea

 -  

 -  

 -  

 9,000  

 -  

 -  

$               19,000

     Total Equatorial Guinea

 $                          -  

 $              35,000

 $                          -  

 $                 9,000

 $             695,000

 $             209,000

 $     156,699,000

Jubilee

 -  

 -  

 -  

 -  

 -  

 -  

$       60,894,000

TEN

 -  

 -  

 -  

 -  

 -  

 -  

$         9,625,000

West Cape Three Points


 13,000

 -  

 -  

 -  

 -  

$               13,000

Deepwater Tano

 -  

13,000

 -  

 -  

 -  

 -  

$               13,000

Company Level

 -  

 -  

 -  

 -  

 -  

8,124,000

$     211,468,000

     Total Ghana

 $                          -  

 $              26,000

 $                          -  

 $                          -  

 $                          -  

 $         8,124,000

 $     282,013,000

Company Level

 -  

 -  

 -  

 275,000  

 -  

536,000

$            811,000

     Total Mauritania

 $                          -  

 $                          -  

 $                          -  

 $275,000

 $                          -  

 $            536,000

 $            811,000

Company Level

 -  

 -  

 -  

 -  

 -  

39,000

$              39,000

     Total São Tomé and Príncipe

 $                          -  

 $                          -  

 $                          -  

 $                          -  

 $                          -  

 $              39,000

$              39,000

Company Level

 -  

 -  

 -  

26,000  

 -  

592,000

$            618,000

     Total Senegal

 $                          -  

 $                          -  

 $                          -  

 $              26,000

 $                          -  

 $            592,000

$            618,000

Mississippi Canyon

 -  

944,000

 -  

 -  

 -  

 -  

$       50,483,000

De Soto Canyon

 -  

375,000

 -  

 -  

 -  

 -  

$            375,000

Garden Banks

 -  

13,000

 -  

 -  

 -  

 -  

$         1,429,000

Green Canyon

 798,000  

50,000

 -  

 -  

 -  

 -  

$       37,995,000

Keathley Canyon

 -  

195,000

 -  

 -  

 -  

 -  

$             195,000

Walker Ridge

 -  

 253,000  

 -  

 -  

 -  

 -  

$             253,000

Company Level

 -  

200,000

 -  

 -  

 -  

 5,925,000

$       14,680,000

     Total United States of America

 $             798,000

 $          2,030,000

$                          -  

$                          -  

$                          -  

$          5,925,000

 $     105,410,000

Total

 $             798,000

$          2,091,000

$                          -  

$             310,000

 $             695,000

 $        15,425,000

 $     545,590,000

 

FOOTNOTES

Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2022 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 Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as- amended in December 2015) (the Regulations).  Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations.  Please see the footnotes below for further detail on the payments we made to our host country governments in 2022.

 

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   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.  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 and as reported by the third-party operator.  These figures exclude 15.594 Bscf of associated Jubilee and TEN sold to GNPC during the year.  The value of the international royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $101.32 during 2022.  United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.

3   Inclusive of tax refunds received. This is based on taxes assessed on income.

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 national oil company employees in accordance with training obligations per the PSCs totaling $8,600 in São Tomé and Príncipe.

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 or similar taxes remitted on behalf of service providers.

 

 

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