Did Tullow Oil have to pay the Ghana Revenue Authority's US$320 million Branch Profit Remittance Tax assessment?

confidence: highas of 31 Oct 2026

Confirmed fact · as of 31 Oct 2026

No. An ICC tribunal ruled on 2 January 2025 that BPRT does not apply to Tullow Ghana under the relevant Petroleum Agreements, so Tullow owes nothing on the US$320 million assessment; two other tax claims remain open.

B Ghana Stock Exchange, Tullow Oil plc - Successful Outcome of Ghana Tax Arbitration (PR-001) (2 Jan 2025) · retrieved 31 Oct 2026 · C The Irish Times (Reuters), Tullow Oil exempt from $320m tax after ICC ruling on Ghana operations (2 Jan 2025) · retrieved 31 Oct 2026

Reasoning

A tribunal decision reported in a Ghana Stock Exchange-filed company announcement and independently corroborated by Reuters-wire reporting; the decision resolves the BPRT item only, not the remaining claims.

A claim review answers one narrow factual question from the cited sources. It is not a verdict on the company.