Hulk Hogan, wrestling icon, dies at 71 in Florida home
LONDON - Energy company EnQuest PLC paid $163.5 million to governments in the United Kingdom (TADAWUL:4280) and Malaysia during 2024, according to a regulatory filing released Thursday.
The payments, reported in compliance with the Reports on Payments to Governments Regulations 2014, included $97.3 million in taxes, $51.3 million in production entitlements, and $9.4 million in supplementary payments.
In the United Kingdom, EnQuest paid $82.2 million, with the majority ($78.9 million) going to HM Revenue and Customs in taxes. The company also paid $3.3 million in license fees to various UK government entities, including the North Sea Transition Authority.
Malaysian payments totaled $81.2 million, with $51.3 million in production entitlements and $18.3 million in taxes. Most Malaysian payments went to PETRONAS, Malaysia’s national oil company, while tax payments were directed to the Malaysian Inland Revenue Board.
The report covers payments related to several projects, including Kraken, Greater Kittiwake Area, Magnus, and PM-8E in Malaysia. The company’s production entitlements in Malaysia amounted to 668,000 barrels of oil equivalent.
EnQuest’s payments disclosure is required under UK regulations for extractive companies and is based on where payment obligations arose, either at project or corporate level. The information was presented on a cash basis in accordance with regulatory requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.