Resource Extraction Payment Report
Project-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.
For the year ended December 31, 2023 (U.S.$ thousand)(1) (2) | |||||||||
| Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Payments for infrastructure improvements | Community and social responsibility payments | Total | |
| Argentina | 532 (3) | 532 | |||||||
| Gobernador Ayala | - | 2,957 | - | - | - | - | - | - | 2,957 |
| Rio Neuquén | 329 | 11,139 | 501 | - | - | - | - | - | 11,969 |
| El Mangrullo | 1,383 | 43,616 | 902 | - | - | - | - | - | 45,901 |
| Rincón de Aranda | - | - | - | - | 13,100 | - | - | 5,518 | 18,618 |
| Rincón el Mangrullo | - | 1,575 | - | - | - | - | - | - | 1,575 |
| Parva Negra | - | - | 170 | - | - | - | - | - | 170 |
| Sierra Chata | 384 | 11,891 | 846 | - | - | - | - | - | 13,121 |
| El Tordillo | 355 | 6,430 | 2,143 | - | - | - | - | - | 8,928 |
| Puesto Quiroga | - | 116 | - | - | - | - | - | - | 116 |
| Aguarague | - | 1,277 | 288 | - | - | - | - | - | 1,565 |
| Las Tacanas Norte | - | - | - | - | 1,800 | - | - | - | 1,800 |
| Chirete | - | 1,437 | - | - | - | - | - | - | 1,437 |
| Oil and Gas Exports | 12,129 | - | - | - | - | - | - | 12,129 | |
| Total | 15,112 | 80,438 | 4,850 | - | 14,900 | - | - | 5,518 | 120,818 |
| (1) | All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion. |
| (2) | Sums are rounded, so they may not add up. |
| (3) | Some taxes related with the commercial development of oil and gas are imposed on a company-level and cannot be assigned to a specific project. |
Government-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.
For the year ended December 31, 2023 (U.S.$ thousand)(1) | |||||||||
| Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Payments for infrastructure improvements | Community and social responsibility payments | Total | |
| Argentina | |||||||||
| Argentinean Federal Government | 12,337 | - | - | - | - | - | - | - | 12,337 |
| Local Governments | |||||||||
| City of Buenos Aires | 174 | - | - | - | - | - | - | 174 | |
| Province of Buenos Aires | 359 | - | - | - | - | - | - | 359 | |
| Province of Chubut | 283 | 6,546 | 2,193 | - | - | - | - | 9,022 | |
| Province of Mendoza | 103 | 2,957 | - | - | - | - | - | 3,060 | |
| Province of Neuquén | 1,561 | 67,876 | 2,369 | - | 14,900 | - | 5,518 | 92,224 | |
| Province of Rio Negro | - | 346 | - | - | - | - | - | 346 | |
| Province of Salta | 159 | 2,713 | 288 | - | - | - | - | 3,160 | |
| Province of Santa Fe | 136 | - | - | - | - | - | - | 136 | |
| Total | 15,112 | 80,438 | 4,850 | - | 14,900 | - | 5,518 | 120,818 | |
| (1) | All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion. |
| (2) | Sums are rounded, so they may not add up. |
Payment details disclosure
The table below provides the details of payments made to governments for the fiscal year ended December 31, 2023.
| For the year ended December 31, 2023 | |||||||||||||||||
| Subnational Jurisdiction | Government | Business segment | Projects | Resource | Amount (U.S.$ thousand)(1) | ||||||||||||
| Argentinean Federal Government | Argentinean Federal Government | All | Pampa Energía S.A. (2) | N/A | 208 | ||||||||||||
| Argentinean Federal Government | Argentinean Federal Government | Oil and Gas | Exports | Oil and Gas | 12,129 | ||||||||||||
| City of Buenos Aires | Government of the City of Buenos Aires | Oil and Gas | N/A (3) | Oil and Gas | 174 | ||||||||||||
| Province of Buenos Aires | Government of Buenos Aires | Oil and Gas | N/A (3) | Oil and Gas | 359 | ||||||||||||
| Province of Chubut | Government of Chubut | Oil and Gas | El Tordillo – Puesto Quiroga | Oil and Gas | 9,022 | ||||||||||||
| Province of Mendoza | Government of Mendoza | Oil | Gobernador Ayala | Oil | 3,060 | ||||||||||||
| Province of Neuquén | Government of Neuquén | Oil and Gas | El Mangrullo – Rincón de Aranda – Río Neuquén – Rincón del Mangrullo – Parva Negra – Sierra Chata – Las Tacanas Norte | Oil and Gas | 92,224 | ||||||||||||
| Province of Rio Negro | Government of Rio Negro | Oil and Gas | Rio Neuquén | Oil and Gas | 346 | ||||||||||||
| Province of Salta | Government of Salta | Oil and Gas | Aguarague - Chirete | Oil and Gas | 3,160 | ||||||||||||
| Province of Santa Fe | Government of Santa Fe | Oil and Gas | N/A (3) | Oil and Gas | 136 | ||||||||||||
| Total | 120,818 | ||||||||||||||||
| (1) | All payments are reported in U.S. dollars. Payments relating to projects in Argentina were made in Argentinean Pesos, and such payments have been converted to U.S. dollars using, except for Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rates of the Banco de la Nación Argentina as of closing of the day before of each payment. For all Taxes other than Taxes for Oil and Gas Exports, the sellers “divisa” exchange rate published by the Banco de la Nación Argentina as of December 29, 2023 was used to make such conversion. |
| (2) | The Company files a consolidated income tax return in Argentina. The Argentinean Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The Company has disclosed payments of U.S.$ 208 thousands in payments of transaction taxes related with the commercial development of oil and gas. |
| (3) | Local jurisdictions impose gross income taxes, even tough there in no project located in such jurisdiction. Amounts stated are related with gross income tax imposed by jurisdictions related with commercial development of oil and gas at a company level. |
