Tullow Oil government payments decrease by 30%

Tullow Oil paid a net $209m (€183m) to various governments in Africa and Europe last year by means of taxes, royalties, production entitlements, licence fees and infrastructure improvements.

That figure marks a reduction of just over 29% from the $295m paid in 2015; largely driven by the drop in global oil prices.

The Irish-founded exploration company is chiefly focused on Africa but has a narrow interest in Europe. In all, it has around 100 exploration and production licences across 18 countries.