Payments Data

UK EITI annual payment data reconciliation 

A core part of EITI requires oil, gas and mining companies to disclose voluntarily their payments to government agencies and for the reconciliation of these payments with government receipts from these companies. This ‘reconciliation process’ takes place on an annual basis and is conducted by an independent administrator (in the UK’s case, BDO LLP), overseen by the UK EITI Multi-Stakeholder Group (MSG).

The UK has now conducted this reconciliation exercise eight times, meaning that we have now placed on public record eight years’ worth of verified data on the financial flows between industry and government, covering 2014–2021. Our aim in publishing this data is to explain the contribution that the extractive sectors are making to the economic and social development of the country and to increase public understanding of the social and economic impacts of the sector and enrich public debate on the governance and stewardship of the UK's oil, gas and mineral resources.

The results of the reconciliation process on 2021 payments data, which took place in 2022, can be found below. The results from previous years can be found in our Publications & Reports page, using the ‘UK EITI Reports’ and 'Payments Data' filters.

Other sources of extractives payments data

Separate to the UK EITI payment reconciliation exercise and complementing the information in this report, a number of companies have reported their 2021 payments to governments around the world, including to UK government entities, under the Reports on Payments to Governments Regulations 2014 and the Disclosure Requirements and Transparency Rules and Prospectus Rules (before 21 July 2019) and the Prospectus Regulation Rules, which implement the EU Accounting and Transparency Directives.

Since 2014, large and publicly listed extractives companies in the UK have been required to disclose payments they make to governments on a country-by-country and project-by-project basis. This information is filed with the Companies House extractive service (UK-incorporated companies) and the Financial Conduct Authority’s National Storage Mechanism (London Stock Exchange Main Market-listed companies).

There can be differences in the amounts reported under UK EITI and under the UK Regulations. These differences can relate to interpretation of the scope of payment categories, reporting currency and timing.

The Natural Resource Governance Institute maintains a database of Payments to Governments reports submitted by companies under UK, EU/EEA and equivalent Canadian legislation. Resource Projects provides a platform to collect, display, download and search extractive project information using open data. It aims to harvest data on project-by-project payments to governments—based on mandatory disclosure legislation—and link it to associated information about the project from a variety of sources.

The databases are as follows:

Introduction

The extractives sectors continue to make sizeable payments to the UK Government. In order to improve public understanding of these payments, UK EITI analyses these payments against each relevant tax and licence. The data is subject to a reconciliation exercise during which companies are requested to disclose their payments/repayments to HM Revenue & Customs (HMRC), The Crown Estate (TCE) or Crown Estate Scotland (CES) wherever these payments exceed a given threshold (£86,000). Additionally, the companies included in the reconciliation that made payments above £1 million to the Oil & Gas Authority (OGA)[1], are also asked to make such disclosures, even if the company did not make any other payment/repayment above the £86,000 threshold. Government agencies were also asked to disclose their receipts from oil, gas, mining, and quarrying groups. The independent administrator reconciled the declarations made by the companies with the data recorded by the government. The UK EITI website contains information on the oil and gas and mining and quarrying tax and licensing regimes.

This is UK EITI’s eighth payments report, which provides detailed information on the reconciliation of payment streams between companies operating in the UK extractive sector and the relevant government agencies in 2021. This data was published on the UK EITI website on 8 July 2022.

The reconciliation process consisted of the following steps:

  • analysis of the reconciliation scope prepared by the Multi-Stakeholder Group (MSG);
  • collection of payment data from government agencies and extractive companies which provide the basis for the reconciliation exercise;
  • comparison of amounts reported by government agencies and extractive companies to determine if there were discrepancies between the two sources of information; and
  • contact with government agencies and extractive companies to resolve the discrepancies.

A total of 42 oil and gas companies and 15 mining and quarrying companies participated in the reconciliation exercise and formed the basis of the report compilation, with continued high industry participation. This represents 98.66% of potential in-scope payments. This is considered to be a comprehensive picture given that most companies that were approached provided their data. The MSG is grateful to all those companies that participated in the process this year. This report incorporates information collected up to 30 June 2022. Any information collected after that date has not been included in the report.

Reconciliation Scope

For the year 2021 the following payment streams (unchanged over the last two years) have been included:

  • Oil and Gas (O&G) sector: combined total for Ring-Fence Corporation Tax (RFCT) and Supplementary Charge (SC), Petroleum Revenue Tax (PRT) and Advance Petroleum Revenue Tax (APRT), Petroleum Licence Fees, the OGA Levy and payments to TCE and CES in respect of pipelines operated by companies that operate in UK extractive activities. The MSG agreed that companies which paid over £1 million to OGA should also be included in the reconciliation.
  • Mining and Quarrying (M&Q) sector: Corporation Tax (CT), extractive-related payments to TCE and CES, and monetary payments to local planning authorities as part of planning obligations.

In line with the Reports on Payments to Government Regulations 2014, the materiality threshold applied to each revenue stream at group level remained unchanged at £86,000. The government agencies that were required to report for the 2021 UK EITI reconciliation exercise were HMRC, the OGA, TCE and CES.

Extractive Industries Payments to/Repayments from UK Government

The two tables below summarise the reconciled extractive industries payments to and refunds from UK government agencies in 2021. Apart from one case[2],  all other material differences have been reconciled.

Table 1: Detailed Extractive Industries Payments to/Repayments from UK Government in 2021 [3]

This table provides an overview of the payments and refunds reported by extractive companies and government agencies in 2021, which provides a net total £1 billion, made up of tax flows of over £1.37 billion offset by repayments of £369.76 million. Most of these transactions cover RFCT-SC and CT payments to HMRC and licence fee payments to OGA. A total of £13.48 million was reported by out-of-scope and non-participating companies and this is subtracted from the overall total, resulting in an amount of £989.88 million reported by government and almost the same cumulative figure reported by UK in-scope companies. The final reconciliation shows an unreconciled discrepancy of £78,294, which represents just 0.008% of the overall total of payments made in 2021. 

Payment stream:Petroleum Licence FeesOGA LevyPRTRFCT & SCMainstream CTPayments to TCEPayments to TCEPayments to CESPayments to CESTotal payments (£ million)
Type of payee:O&GO&GO&GO&GM&QO&GM&QO&GM&QAll
Recipient:OGAOGAHMRCHMRCHMRCTCETCECESCESAll
Total reported by government agencies53.3326.89-369.761.200.6663.492.9824.191.440.131,003.36
Total reported by government agencies for out-of-scope and non-participating extractive Companies (a)4.471.390.000.636.530.060.200.070.1313.48
Total reported by government agencies for in-scope extractive companies48.8725.50-369.761,200.0356.962.9123.991.370.00989.88
Total reported by in-scope extractive companies48.8725.50-369.761,200.0356.962.9123.911.370.00989.80
Net unreconciled difference (b)0.000.000.000.000.000.000.080.000.000.08

(a) Includes 1) extractive companies out of the reconciliation scope because their payments / refunds were below the agreed materiality thresholds, 2) those with material payments that declined to participate in the reconciliation process and 3) non-material payments / refunds for companies that were in scope.

(b) Apart from the single case mentioned above, all net unreconciled differences were below the materiality deviation agreed by the MSG.

 

Table 2: Extractive Industries Payments to/Repayments from UK Government in 2021

This table shows a breakdown of payments and refunds of the data in Table 1 (above) by sector (oil and gas, mining and quarrying) and government agency (OGA, HMRC, TCE and CES) for all the companies that participated in the UK EITI for 2021.

Type of payee:O&GM&QAllAllAllAllAll 
Recipient:AllAllOGAHMRCTCECESAll (£ million)
Total reported by government agencies915.5587.8180.22894.3927.171.571,003.36
Total reported by government agencies for out-of-scope and nonparticipating extractive companies (a)6.626.865.857.160.260.2013.48
Total reported by government agencies for in-scope extractive companies908.9380.9574.37887.2426.911.37989.88
Total reported by in-scope extractive companies908.9380.8774.37887.2326.831.37989.80
Net unreconciled difference (b)0.000.080.000.000.080.000.08

(a) Includes 1) extractive companies out of the reconciliation scope because their payments / refunds were below the agreed materiality thresholds, 2) those with material payments that declined to participate in the reconciliation process and 3) non-material payment / refunds for companies that were in scope.

(b) Apart from the single case mentioned above, all net unreconciled differences were below the materiality deviation agreed by the MSG.

Adjustments to the EITI reconciliation scope

Every year the number of companies assessed as in-scope changes as new companies slip above or below the threshold of £86,000 or a reduction arises due to corporate mergers or acquisitions. In 2021 the reconciliation scope was adjusted slightly during the reconciliation exercise as more information on the extractive nature and materiality of payments emerged, and we believe that all material financial flows have been captured. These changes are detailed as follows:

Table 3: Adjustments to the EITI reconciliation scope

Sector O&GM&QTotal
2020 ScopeA391655
Additions    
Companies that did not participate in the 2020 reconciliation process 325
New companies identified by HMRC (Some payments/repayments made to HMRC exceeded £86,000 for the calendar year 2021) 3-3
New companies identified by OGA (Some payments/repayments made to OGA exceeded £1m for the calendar year 2021) 4-4
Total additionsB10212
Deductions    
Merger between in-scope companies (Two companies merged in April 2021 and the new parent entity submitted a combined reporting template) 1-1
Companies that were out of scope of the 2021 reconciliation process (As part of the reconciliation exercise it emerged that they made/received no material payments/repayments during the calendar year 2021) 4-4
Companies that did not participate in the 2021 reconciliation process 235
Total deductionsC7310
2021 ScopeA + B - C421557

The final number of companies (both oil & gas and mining & quarrying) included in the EITI reconciliation scope was 57. As the total amount reported by government and extractive companies subject to the reconciliation constitutes almost 99% of the total reported by government agencies, the overall reconciliation outcome is satisfactory.

Breakdown of Reconciled Data by Company and Sector

The two tables below set out the detailed results of the reconciliation exercise with post-reconciliation differences noted between amounts reported as paid by in-scope extractive companies and amounts reported as received by government agencies.

Table 4: Oil & gas companies

This table lists the oil and gas companies that participated in the 2021 reconciliation process and provides a breakdown of their total payments and receipts that were above the agreed materiality thresholds. 

Payments are made to the OGA only by licence administrators (typically operators, who recoup the payments from the licensees in proportion to their interests in each licence) so the reconciled amounts reported in Table 4 in the Payments Data section do not reflect the extent to which payments to the OGA are spread between licensees.

£000As reported by Government AgenciesTotal
reported
by
company
RFCT
& SC
PRTPetroleum
Licence
Fees
OGA
Levy
Payments
to TCE
Payments
to CES
Total
Alpha Petroleum Resources Limited  1,127.52309.43  1,436.951,436.95
ANASURIA HIBISCUS UK Ltd296.37     296.37296.37
Apache
Corporation
120,650.00 1,332.43731.31  122,713.73122,713.73
BP plc3,000.00-55,419.094,014.431,411.41 229.57-46,763.69-46,763.69
CalEnergy Gas Ltd -200.55    -200.55-200.55
Centrica PLC-12,396.39-50,497.404,408.722,030.29736.36 -55,718.42-55,718.42
Chevron38,189.29     38,189.2938,189.29
CNOOC Petroleum Europe Ltd135,000.00 2,544.32500.51  138,044.83138,044.83
CNR International UK Investments Ltd1,884.13-24,252.79148.69573.28  -21,646.69-21,646.69
Dana Petroleum Ltd1,059.07-636.48396.86632.16  1,451.621,451.62
DNO NORTH SEA (ROGB) Ltd-11,263.01     -11,263.01-11,263.01
ENI UK Ltd66,850.00-1,449.76948.03299.15910.48 67,557.9067,557.94
EnQuest PLC7,000.00 927.10546.03 94.088,567.218,567.21
Equinor UK Ltd  2,459.37876.56  3,335.943,335.94
ExxonMobil
International Ltd
5,557.50-65,031.84    -59,474.34-59,474.34
Harbour Energy plc188,424.78-10,648.395,168.813,584.57330.02176.33187,036.12187,036.12
HESS Ltd-12,385.96-620.39    -13,006.36-13,006.36
Hurricane
Energy Plc
  1,104.74121.03  1,225.771,225.77
IGas Energy
PLC
  468.29   468.29468.29
INEOS
Industries
 -247.561,685.88304.55139.48222.702,105.062,105.06
IOG PLC  610.67398.28  1,008.951,008.95
Iranian Oil Company (U.K.) Ltd59,440.73     59,440.7359,440.73
Ithaca Energy UK4,683.31-572.721,925.83726.35 141.506,904.266,903.96
JX Nippon Exploration and Production (U.K.) Ltd-1,416.54-93.19    -1,509.74-1,509.74
Neo Energy  901.49553.48  1,454.971,454.97
Neptune Energy Group Ltd  1,940.53314.00  2,254.522,254.52
NSMP
Operations Ltd
     138.67138.67138.67
ONE-Dyas UK Ltd 1,017.45 422.23   1,439.681,439.68
Perenco UK Ltd50,000.00 2,381.201,719.83797.70 54,898.7354,898.73
Repsol Sinopec
Resources UK
Ltd
-25,053.75-19,087.861,506.292,091.94  -40,543.38-40,543.38
RockRose Energy Ltd  89.08194.96  284.03284.74
Royal Dutch Shell PLC[4]-49,928.65-64,417.213,889.073,255.53  -107,201.26-107,201.10
SAGE North Sea Ltd     220.78220.78220.78
Serica Energy (UK) Ltd  554.90612.06  1,166.961,166.96
Siccar Point Energy  2,196.68105.95  2,302.622,302.62
SUMMIT Exploration and Production3,701.89     3,701.893,701.89
Suncor Energy UK Ltd121,281.10     121,281.10121,281.10
Tailwind Energy  687.73315.43  1,003.161,003.16
TAQA Bratani Ltd67,857.00-70,822.821,004.691,124.48  -836.65-836.65
TotalEnergies Holdings UK Ltd448,691.78-196.504,021.222,170.07 145.89454,832.45454,832.45
Tullow Oil Plc-13,376.82-2,824.40    -16,201.22-16,201.22
Waldorf Production UK Ltd1,268.13-2,736.15    -1,468.02-1,468.02
Total1,200,031-369,75548,86725,5032,9141,370908,929908,930

Table 5: Mining & Quarrying companies

This table lists the mining and quarrying companies that participated in the 2021 reconciliation process and provides a breakdown of their total corporation tax payments and receipts and their total payments made to TCE that exceeded the materiality threshold. There were no payments by these companies to CES.

£000As reported by Government AgenciesTotal reported by company
Mainstream Corporation TaxPayments to TCETotal
Aggregate Industries UK Ltd12,668.93488.0913,157.0313,078.13
Boskalis Westminster Holdings Ltd966.001,895.802,861.802,861.80
Breedon Group PLC7,899.77165.628,065.398,065.39
Britannia Aggregates Ltd 699.77699.77699.77
Cemex UK Materials Ltd 5,967.705,967.705,967.70
Cleveland Potash Ltd 457.74457.74457.74
DEME Building Materials Ltd 2,569.832,569.832,569.83
Hanson UK Group 3,630.223,630.223,630.22
Irish Salt Mining & Exploration Co. Ltd956.57 956.57956.57
Saint-Gobain Ltd33,565.23 33,565.2333,565.23
Severn Sands Group Ltd 259.63259.63259.63
Tarmac Holdings Limited-1,123.764,089.842,966.082,966.08
The Banks Group255.00 255.00255.00
Van Oord UK Ltd1,771.081,194.582,965.662,965.66
Volker Dredging Ltd 2,574.652,574.652,574.65
Total56,95923,99380,95280,873

There were additional minor payments reported by the government agencies for companies that were in scope but whose payments were below the agreed materiality thresholds and for in-scope companies that did not participate in the reconciliation process. The totals of these payments are reported in the summary tables above and, for petroleum licence fees and OGA Levy, are included in the online disclosure of project level payments and repayments, which also includes reconciled field level data on Petroleum Revenue Tax and project-level payments to TCE and CES.

Several companies have reported their 2021 payments to governments around the world, including to UK government entities, under the Reports on Payments to Governments Regulations 2014 as amended 2015 and the Accounts and Reports (Amendment) (EU Exit) Regulations 2019. This does not form part of the UK EITI payment reconciliation exercise but rather represents complementary information to this report. There can be differences in the amounts reported under UK EITI and under the EU Accounting and Transparency Directives. These differences can relate to interpretation of the scope of payment categories, reporting currencies and timing of payments. The Natural Resource Governance Institute maintains a database of Payments made to Governments and reports submitted by companies under UK, EU/EEA and equivalent Canadian legislation[5].  

Section 106 (Town and Country Planning Act 1990) Payments

Payments to local planning authorities in England and Wales are required under section 106 of the Town and Country Planning Act 1990 and equivalent legislation in Scotland and Northern Ireland. These are used to mitigate the impact of extractive activities on the local community and benefit local communities. These payments can provide external benefits, including the improvement of local road networks or community facilities.

Only one company reported material payments under section 106 or equivalent legislation, namely Aggregate Industries UK Ltd, which reported total payments of £125,489, detailed as follows:

Quarry

Local Authority (Beneficiary)

Payment (£)

Type of payment

Glensanda

Community Benefit Fund (Highland Council)

50,000

Cash

Torr

Torr Environmental Enhancement Fund

40,565

Cash

Bardon Hill

Living landscapes officer (Wildlife trust)

21,551

Cash

Holme Park

Conservation Agreement 2021 (Local Nature Reserve)

13,373

Cash

 

Total

 125,489

 

Evolution of Extractive Revenues

Extractive revenues have risen significantly in 2021 compared to 2020 but are still less than the average of 2017-2019 (Figure 1). 

Figure 1: Extractive Industries Payments/Refunds 2017-2021 (in £ million)

The increase between 2020 and 2021 amounts to £737m or 277%.

Table 6: Comparison between 2021 and 2020 extractive revenues

Payment stream 20202021Variation%
O&G sector     
RFCT & SC 1,200.66578.21622.45107.65%
PRT -369.76-445.1875.42-16.94%
Sub-total HMRCA830.90133.04697.87524.57%
Licence fees 53.3355.71-2.38-4.27%
OGA Levy 26.8929.31-2.42-8.26%
Sub-total OGAB80.2285.02-4.80-5.65%
Sub-total TCEC2.983.22-0.24-7.46%
Sub-total CESD1.441.56-0.12-7.82%
Total O&GE = A-D915.55222.84692.70310.85%
M&Q sector     
Sub-total HMRC (CT)F63.4921.6641.83193.10%
Sub-total TCEG24.1921.712.4811.42%
Sub-total CESH0.130.100.0331.41%
Total M&QI = F-G87.8143.4744.34101.99%
TotalE + I1,003.36266.31737.04276.76%

The above table shows that the overall increase was mainly explained by the increase of RFCT-SC that has risen by £622m or 108% because of the increase in oil and gas prices and production.

Average Brent prices were approximately $42/bbl in 2020 and $71/bbl in 2021, representing an increase of 69%. The COVID-19 pandemic created uncertainty which impacted demand for oil and led to the significant decrease in oil price during 2020.

Beneficial Ownership

As part of EITI reporting, companies are asked to disclose their beneficial owners; that is, information on the people who ultimately own and control each company.

Most UK-registered companies are required to submit information on people with significant control (PSC) to Companies House. Publicly listed companies are exempt from PSC requirements because they already provide beneficial ownership information under stock exchange requirements. Therefore, in order to disclose their beneficial ownership information for EITI reporting, UK-registered companies need only confirm their filing and provide the link to the relevant page at Companies House in their EITI beneficial ownership declaration form. Private companies which have not filed information at Companies House on PSCs should disclose their beneficial ownership information in the EITI beneficial ownership declaration form.

All 57 companies which submitted EITI reporting templates also submitted a beneficial ownership declaration form, duly signed by a senior officer. Thirty-four of the reporting templates received were from companies that are either publicly listed or wholly owned subsidiaries of a publicly listed company, meaning that they provide beneficial ownership information under stock exchange requirements (see Table 7 below). The remaining 23 companies were privately held (see Table 8 below). 

Table 7: Publicly listed or wholly owned subsidiaries of publicly listed companies

NoSectorCompanyCompanies House NumberParent companyLink to the Stock Exchange company page
1M&QAggregate Industries UK Ltd00245717Holcim LtdThe Swiss Stock Exchange (SIX)
2O&GAnasuria Hibiscus UK Ltd09696268Hibiscus Petroleum BerhadBursa Malaysia
3O&GApache Corporation07720972[6
04614761[7
FC005975[8]
 
APA CorporationNASDAQ
4M&QBoskalis Westminster Holdings Ltd00338917[9
02380267[10
 
Boskalis Westminster Holdings LtdEuronext Amsterdam
5O&GBP PLC00102498BP PLCLondon Stock Exchange (LSE)
6M&QBreedon Group plcJersey 98465Breedon Group plcLondon Stock Exchange (LSE)
7M&QCemex UK Materials Ltd00658390Cemex Espana, S.A.

Mexican Stock Exchange (BMV)

New York Stock Exchange (NYSE)
 

8O&GCentrica plc03033654Centrica PLCLondon Stock Exchange (LSE)
9O&GChevron01006065Chevron Corporation NASDAQ & New York Stock Exchange (NYSE)
10M&QCleveland Potash Ltd00915392ICL Group LtdNew York Stock Exchange (NYSE)
11O&GCNOOC Petroleum Europe Ltd01051137CNOOC LIMITED

Hong Kong Stock Exchange (HKG)

Toronto (TSX) Venture Exchange

12O&GCNR International UK Investments Ltd00813187Canadian Natural Resources LimitedToronto Stock Exchange (TMX)
13M&QDEME Building Materials Ltd04590759CFE (DEME)Euronext Brussels
14O&GENI UK Ltd00862823ENI SPAItalian Stock Exchange (MIB)
15O&GEnQuest plc07140891EnQuest PLCLondon Stock Exchange (LSE)
16O&GEquinor UK Ltd01285743Equinor ASA

Oslo Stock Exchange (OSE) 

New York Stock Exchange (NYSE)

17O&GExxonMobil International Ltd05458042[11
00207426[12]
 
Exxon Mobil CorporationNew York Stock Exchange (NYSE)
 
18M&QHanson Ltd04626078HeidelbergCement AGFrankfurt Stock Exchange
19O&GHarbour Energy plcSC234781Harbour Energy plcLondon Stock Exchange (LSE)
 
20O&GHESS Ltd00807346Hess CorporationNew York Stock Exchange (NYSE)
21O&GHurricane Energy plc05245689Hurricane Energy plcLondon Stock Exchange (LSE)
22O&GIGas Energy plc4981279IGas Energy plcLondon Stock Exchange (LSE)
23O&GIOG plc07434350IOG plcLondon Stock Exchange (LSE)
24O&GIthaca Energy UKSC272009Delek Group LtdTel Aviv Stock Exchange (TASE)
25O&GJX Nippon Exploration and Production (U.K.) Ltd03288689ENEOS Holdings, IncTokyo Stock Exchange (TSE)
26O&GRepsol Sinopec Resources UK Ltd00825828Repsol SAMadrid stock exchange (Bolsa de Madrid)
27O&GRoyal Dutch Shell plc04366849Royal Dutch Shell plcLondon Stock Exchange (LSE)
28M&QSaint-Gobain Ltd03291592Compagnie de Saint-GobainEuronext Paris
29O&GSerica Energy (UK) Ltd04073712Serica Energy plcLondon Stock Exchange (LSE)
30O&GSuncor Energy UK Ltd00972618Suncor Energy UK Holdings Ltd

New York Stock Exchange (NYSE)

Toronto (TSX) Venture Exchange
 

31O&GTAQA05975475Abu Dhabi Developmental Holding Company PJSC (ADQ)Abu Dhabi Securities Exchange (ADX)
32M&QTarmac Holdings Ltd07533961CRH plcLondon Stock Exchange (LSE)
33O&GTotalEnergies Holdings UK Ltd01722136TOTALENERGIES SEEuronext Paris
34O&GTullow Oil plc03919249Tullow Oil plcLondon Stock Exchange (LSE)
 

 

Table 8: Privately held companies

NoSectorCompanyCompanies House NumberParent companyLink to the Stock Exchange company page
1O&GAlpha Petroleum Resources Ltd03949599Alpha Petroleum Resources LtdCompanies house
2M&QBritannia Aggregates Ltd02304376Britannia Aggregates LtdCompanies house
3O&GCalEnergy Gas Ltd04370508 
 
CalEnergy Gas LtdCompanies house
4O&GDana Petroleum Ltd03456891 
 
Dana Petroleum LtdCompanies house
5O&GDNO NORTH SEA (ROGB) Ltd04622251DNO North Sea plcCompanies house
6O&GINEOS IndustriesSC200459[13
10660338[14
09121775[15
INEOS IndustriesCompanies house
7O&GIranian Oil Company (U.K.) Ltd01019769Iranian Oil Company (U.K.) Ltd

Companies house
 

8M&QIrish Salt Mining & Exploration Co. LtdNI006389Irish Salt Mining & Exploration Co. LtdCompanies house
9O&GNEO ENERGY12086835[16
SC291165[17
Hitec Vision VI LP Companies house
10O&GNeptune Energy Group Ltd10647707Neptune Energy Group LtdCompanies house
11O&GNSMP Operations Ltd 09711370Selkie Investments Midstream Midco 2 Ltd

Companies house

12O&GONE-Dyas UK Ltd03531783ONE-Dyas UK LtdCompanies house
13O&GPerenco UK Ltd04653066Perenco UK LtdCompanies house
14O&GRockRose Energy Ltd09665181Viaro Investment LimitedCompanies house
15O&GSAGE North Sea LtdBR019059Ancala Midstream Acquisitions LimitedCompanies house
16M&QSevern Sands Group Ltd01675002Severn Sands Group Ltd

Companies house

17O&GSiccar Point Energy01504603
 
Siccar Point Energy (Holdings) LtdCompanies house
 
18O&GSUMMIT Exploration and Production08860426SUMMIT Exploration and ProductionCompanies house
19O&GTailwind Energy07879002Nsv Energy LimitedCompanies house
 
20M&QThe Banks Group01247725The Banks GroupCompanies house
21M&QVan Oord UK Ltd01805156Van Oord UK LtdCompanies house
22M&QVolker Dredging Ltd01179300Volker Dredging LtdCompanies house
23O&GWaldorf Production UK Ltd05030838Waldorf Energy Partners LtdCompanies house

Information on the beneficial owners of these 23 privately held companies can be found on the Companies House website[18]: simply search for the company of interest and use the 'people' tab to access information about PSCs. For ease of reference, all this information is available by following the links in the last column of the above table.

Private companies are also asked to disclose information on all owners who are identified as “politically exposed”, i.e. those who have political influence, or who, as family members or close associates, have links to senior political figures or government officials in the UK or abroad, and who have a shareholding of 5% or more in the company. In 2021, no privately owned companies making material payments under the EITI Standard disclosed politically exposed people. We cannot comment on whether companies which did not participate in this year’s reporting process have any politically exposed people.

Several extractive companies making material payments to the UK government are ultimately controlled by foreign government entities, which is a matter of public interest. It is important that the UK’s beneficial ownership system can accurately capture details of foreign government ownership of companies operating in the UK’s extractive sector.

More information on the UK’s beneficial ownership regime can be found on the beneficial ownership page of the UK EITI website.

Annex A: Background Information on the Extractive Industries Transparency Initiative and UK Implementation

The Extractive Industries Transparency Initiative (EITI) is a global standard to promote open and accountable management of natural resources. It seeks to strengthen government and company systems, inform public debate, and enhance trust. To that effect it requires oil, gas, and mining companies to disclose their payments to government agencies and for the reconciliation of these payments with government receipts from these companies. In each implementing country, it is supported by a coalition of government, industry and civil society organisations working together.

The EITI was first announced at the World Summit on Sustainable Development in Johannesburg in 2002 (the Earth Summit 2002) and was officially launched in London in 2003. The EITI is currently being implemented in 57 countries around the world.

The EITI Standard sets out the requirements which countries need to meet in order to be recognised, first as EITI Candidates and subsequently as an EITI Compliant country. The Standard is overseen by the EITI International Secretariat, which comprises members from governments, industry, and civil society organisations. As a stakeholder-led initiative, the EITI is overseen in each implementing country by a Multi-Stakeholder Group (MSG) comprising representatives from industry, civil society, and government.

Further background on UK EITI and the work of the UK EITI MSG is available on the UK EITI website (www.ukeiti.org).

EITI in the UK – Timeline

DateEvent
22 May 2013The UK Prime Minister announced commitment to EITI.
9 July 2013A Multi-Stakeholder Group (MSG) was formed to oversee EITI implementation in the UK.
9 October 2013The MSG held its first meeting.
5 August 2014The UK submitted its application to become an ‘EITI Candidate’ country to the EITI Board.
15 October 2014The UK became an EITI candidate country.
15 April 2016First UK EITI Report published. (Period covered: calendar year 2014 / Sectors covered: Oil, Gas, Mining and Quarrying)
31 March 2017Second UK EITI Report published. (Period covered: calendar year 2015 / Sectors covered: Oil, Gas, Mining and Quarrying)
30 April 2018Third UK EITI Report published. (Period covered: calendar year 2016 / Sectors covered: Oil, Gas, Mining and Quarrying)
1 July 2018UK Validation against the 2016 EITI Standard commenced.
25 February 2019Fourth UK EITI Report published. (Period covered: calendar year 2017 / Sectors covered: Oil, Gas, Mining and Quarrying)
14 November 2019EITI Board announce that UK had made “meaningful progress” in implementing the 2016 EITI Standard.
20 December 2019Fifth UK EITI Report published. (Period covered: calendar year 2018 / Sectors covered: Oil, Gas, Mining and Quarrying)
29 May 2020Launch of UK EITI website.
9 December 2020Sixth UK EITI Report published. (Period covered: calendar year 2019 / Sectors covered: Oil, Gas, Mining and Quarrying)
1 July 2021UK Validation against the 2019 EITI Standard commenced.
27 July 2021Seventh UK EITI Payments Report published on UK EITI website. (Period covered: calendar year 2020 / Sectors covered: Oil, Gas, Mining and Quarrying)
20 October 2021EITI Board announce that UK has achieved a “high score” of 90 out of 100 in their validation against the 2019 Standard
8 February 2022UK EITI Annual Review 2021 published on UK EITI website.
8 July 2022Eighth UK EITI Payments Report published on UK EITI website. (Period covered: calendar year 2021/Sectors covered: Oil, Gas, Mining and Quarrying).

Annex B: Glossary of Abbreviations

ADXAbu Dhabi Securities Exchange
APRTAdvance Petroleum Revenue Tax
CESCrown Estate Scotland
CTCorporation Tax
EEAEuropean Economic Area
EITIExtractive Industries Transparency Initiative
HMHer Majesty’s
HMRCHer Majesty’s Revenue & Customs
LSELondon Stock Exchange
M&QMining & Quarrying
MSGUK EITI Multi-Stakeholder Group
NSTANorth Sea Transition Authority
NYSENew York Stock Exchange
O&GOil & Gas
OGAOil and Gas Authority
OSEOslo Stock Exchange
PRTPetroleum Revenue Tax
PSCPeople with Significant Control
RFCTRing Fence Corporation Tax
SCSupplementary Charge
SIXSwiss Stock Exchange
TASETel Aviv Stock Exchange
TCEThe Crown Estate
UKUnited Kingdom
Notes and References
  1. On 21 March 2022, the Oil and Gas Authority (OGA) adopted the trading name of North Sea Transition Authority (NSTA).
  2. The unreconciled amount relates to the payments Aggregate Industries made to TCE
  3. Payments for petroleum licence fees, field-level petroleum revenue tax payments and payments to TCE and CES are included in the online disclosure of project level payments and repayments at (https://www.ukeiti.org/publications-reports
  4. On 21 January 2022, Royal Dutch Shell plc changed its name to Shell plc.
  5. www.resourceprojects.org. UK-incorporated companies, where a parent company is not reporting in a non-UK jurisdiction, file payments reports online with the Companies House Extractives Service: https://extractives.companieshouse.gov.uk 
    London Stock Exchange Main Market-listed companies (including those that are both UK and non-UK incorporated) file payment reports online with the Financial Conduct Authority’s National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
  6. Apache North Sea Production Limited
  7. Apache North Sea Limited
  8. Apache Beryl I Limited.
  9. Llanelli Sand Dredging Ltd
  10. Westminster Gravels Ltd
  11. XTO UK Limited
  12. Esso Exploration and Production UK Limited
  13. INEOS UK E&P Holdings Limited 
  14. INEOS FPS Limited
  15. INEOS Upstream Limited
  16. Neo Energy Production UK Limited
  17. Neo Energy (SNS) Limited
  18. https://www.gov.uk/government/organisations/companies-house