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Shell PLC — Environmental & Social Information 2020
Apr 7, 2020
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Environmental & Social Information
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ROYAL DUTCH SHELL PLC - REPORT ON PAYMENTS TO GOVERNMENT FOR THE YEAR 2019
Basis for Preparation - Report on Payments to Government for the year 2019
This Report provides a consolidated overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter referred to as "Shell") for the year 2019 as required under the UK's Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (http://www.morningstar.co.uk/uk/nsm) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom.
This Report is available for download from www.shell.com/payments.
Legislation
This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.
Reporting entities
This Report includes payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.
Activities
Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but are disclosed in full.
Government
Government includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.
Project
Payments are reported at project level except that payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.
"Substantially interconnected" means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.
Payment
The information is reported under the following payment types.
Production entitlements
These are the host government's share of production in the reporting period derived from projects operated by Shell. This includes the government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.
In certain contractual arrangements, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.
In situations where a government settles Shell's income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.
Taxes
These are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.
Royalties
These are payments for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken.
Dividends
These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2019, there were no reportable dividend payments to a government.
Bonuses
These are payments for Bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced or production has reached a milestone.
License fees, rental fees, entry fees and other considerations for licenses and/or concessions
These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.
Infrastructure improvements
These are payments which relate to the construction of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are of a social investment in nature, for example building of a school or hospital, are excluded.
OTHER
Operatorship
When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call).
When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cashcall, it is included in this Report.
Cash and in-kind payments
Payments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.
Materiality Level
For each payment type, total payments below £86,000 to a government are excluded from this Report.
Exchange Rate
Payments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.
Report on Payments to Governments
GOVERNMENT REPORTS (IN
| USD) | |||||||
|---|---|---|---|---|---|---|---|
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure | Improvements Total | |
| Countries | |||||||
| EUROPE | |||||||
| Bulgaria | - | - | - | - | 158,423 | - | 158,423 |
| Denmark | - | 240,634,144 | - | - | - | - | 240,634,144 |
| Germany | - | -409,012 | - | - | - | - | -409,012 |
| Italy | - | 25,142,953 | 75,260,455 | - | - | - | 100,403,408 |
| Norway | 1,981,216,339 1,087,834,696 | - | - | 754,924 | - | 3,069,805,959 | |
| United Kingdom | - | -116,563,817 | - | - | 6,543,056 | - | -110,020,761 |
| ASIA | |||||||
| Brunei Darussalam - | 118,946 | - | - | 727,717 | - | 846,663 | |
| China | 13,348,514 | - | 406,047 | - | - | - | 13,754,561 |
| India | 216,885,607 | 20,469,494 | 34,347,235 | - | - | - | 271,702,336 |
Kazakhstan - 204,871,617 - - - - 204,871,617
| Malaysia | 2,870,510,880 312,151,913 | 644,653,300 | - | 15,000,000 | - | 3,842,316,093 | |
|---|---|---|---|---|---|---|---|
| Oman | - | 2,857,707,039 | - | 1,000,000 | 150,000 | - | 2,858,857,039 |
| Philippines | 607,693,780 | 131,112,519 | - | - | - | - | 738,806,299 |
| Qatar | 493,208,027 | 681,694,760 | - | 5,000,000 | 19,654,096 | - | 1,199,556,883 |
| Thailand | - | -1,230,179 | - | - | - | - | -1,230,179 |
| OCEANIA | |||||||
| Australia | - | 1,265,077 | 158,953,548 | - | 13,736,277 | 1,756,836 | 175,711,738 |
| AFRICA | |||||||
| Egypt | - | 93,294,881 | - | 61,000,000 | - | - | 154,294,881 |
| Gabon | - | - | - | - | 119,693 | - | 119,693 |
| Nigeria | 3,983,413,143 1,062,965,746 | 446,362,409 | - | 136,876,347 - | 5,629,617,645 | ||
| Somalia | - | - | - | - | 1,708,000 | 1,708,000 | |
| Tunisia | - | 118,095,328 | 41,032,237 | - | - | - | 159,127,565 |
| NORTH AMERICA | |||||||
| Canada | - | -930,294 | 42,021,659 | - | 6,963,104 | - | 48,054,469 |
| Mexico | - | - | - | - | 38,393,009 | - | 38,393,009 |
| United States | - | 235,802,948 | 959,236,110 | - | 114,639,187 - | 1,309,678,245 | |
| SOUTH AMERICA | |||||||
| Argentina | - | - | 19,121,199 | - | 376,265 | - | 19,497,464 |
| Bolivia | - | - | - | - | 1,326,933 | - | 1,326,933 |
| Brazil | 19,719,197 | - | 766,952,516 | 122,834,875 | 1,558,929,871 - | 2,468,436,459 | |
| Trinidad and Tobago76,970,053 | 12,154,124 | 3,934,073 | 85,000,000 | 11,157,097 | - | 189,215,347 | |
| Total | 10,262,965,540 6,966,182,883 | 3,192,280,788 | 274,834,875 | 1,927,213,999 1,756,836 | 22,625,234,921 |
Bulgaria
GOVERNMENT REPORTS (IN USD)
| Production Entitlement Taxes |
Royalties Bonuses | Fees | Infrastructure Improvements Total |
||||
|---|---|---|---|---|---|---|---|
| GOVERNMENTS MINISTRY OF ENERGY OF THE REPUBLIC OF BULGARIA - |
- | - | - | 158,423 | - | 158,423 | |
| Total | - | - | - | - | 158,423 | - | 158,423 |
| PROJECT REPORTS (IN USD) | Production Entitlement Taxes |
Royalties Bonuses | Fees | Infrastructure Improvements Total |
|||
| PROJECTS KHAN KUBRAT |
- | - | - | - | 158,423 | - | 158,423 |
| Total | - | - | - | - | 158,423 | - | 158,423 |
Denmark
GOVERNMENT REPORTS (IN USD)
| Production Entitlement |
Taxes | Royalties Bonuses Fees | Infrastructure Improvements Total |
||||
|---|---|---|---|---|---|---|---|
| - | 240,634,144 | - | - | - | - | 240,634,144 | |
| - | 240,634,144 | - | - | - | - | 240,634,144 | |
| Production | Taxes | ||||||
| Entitlement | Royalties Bonuses Fees | Infrastructure Improvements Total |
| ENTITY LEVEL PAYMENT | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| SHELL OLIE - OG GASUDVINDING DANMARK B.V. |
- | 240,634,144 | - | - | - | - | 240,634,144 | ||
| Total | - | 240,634,144 | - | - | - | - | 240,634,144 | ||
| GERMANY | |||||||||
| GOVERNMENT REPORTS (IN USD) |
|||||||||
| GOVERNMENTS | Production | Entitlement Taxes | Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| TAX AUTHORITIES HAMBURG - | -409,012 - | - | - | - | -409,012 | ||||
| Total | - | -409,012 - | - | - | - | -409,012 | |||
| PROJECT REPORTS (IN USD) | Production | Entitlement Taxes | Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| ENTITY LEVEL PAYMENT DEUTSCHE SHELL HOLDING GmbH |
- | -409,012 - | - | - | - | -409,012 | |||
| Total | - | -409,012 - | - | - | - | -409,012 | |||
| Italy | |||||||||
| GOVERNMENT REPORTS (IN USD) |
Production | Infrastructure | |||||||
| GOVERNMENTS | Entitlement Taxes | Royalties | Bonuses Fees | Improvements Total | |||||
| BASILICATA REGION (VDA) | - | - | 45,010,332 - | - | - | 45,010,332 | |||
| CALVELLO MUNICIPALITY | - | - | 1,254,820 - | - | - | 1,254,820 | |||
| GRUMENTO NOVA MUNICIPALITY |
- | - | 717,040 | - | - | - | 717,040 | ||
| MARSICO NUOVO MUNICIPALITY |
- | - | 537,780 | - | - | - | 537,780 | ||
| VIGGIANO MUNICIPALITY | - | - | 4,974,465 - | - | - | 4,974,465 | |||
| TESSORERIA PROVINICIALE DELLO STATO |
- | 25,142,953 22,407,498 - | - | - | 47,550,451 | ||||
| MARSICOVETERE MUNICIPALITY |
- | - | 179,260 | - | - | - | 179,260 | ||
| MONTEMURRO MUNICIPALITY |
- | - | 179,260 | - | - | - | 179,260 | ||
| Total | - | 25,142,953 | 75,260,455 - | - | - | 100,403,408 | |||
| PROJECT REPORTS (IN USD) |
Production | Infrastructure | |||||||
| PROJECTS | Entitlement Taxes | Royalties | Bonuses Fees | Improvements Total | |||||
| ITALY UPSTREAM ASSET | - | - | - | - | 75,260,455 | ||||
| 75,260,455 - | |||||||||
| ENTITY LEVEL PAYMENT SHELL ITALIA E&P SpA |
- | 25,142,953 - | - | - | - | 25,142,953 | |||
| Total | - | 25,142,953 | 75,260,455 - | - | - | 100,403,408 |
| GOVERNMENT REPORTS (IN USD) | |||||||
|---|---|---|---|---|---|---|---|
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| GOVERNMENTS | |||||||
| OLJEDIREKTORATET | - | - | - | - | 754,924 | - | 754,924 |
| PETORO AS | 1,169,083,686[A] | - | - | - | - | - | 1,169,083,686 |
| SKATTE OG AVGIFTSREGNSKAP |
- | 1,085,800,717 | - | - | - | - | 1,085,800,717 |
| SKATTEOPPKREVEREN I SOLA |
- | 2,033,979 | - | - | - | - | 2,033,979 |
| EQUINOR ASA | 812,132,653[B] | - | - | - | - | - | 812,132,653 |
| Total | 1,981,216,339 | 1,087,834,696 - | - | 754,924 | - | 3,069,805,959 | |
| PROJECT REPORTS (IN USD) | |||||||
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| PROJECTS | |||||||
| NORWAY EXPLORATION PROJECTS |
- | - | - | - | 353,622 | - | 353,622 |
| ORMEN LANGE AND DRAUGEN |
1,981,216,339[C] | - | - | - | - | - | 1,981,216,339 |
| GAUPE | - | - | - | - | 401,302 | - | 401,302 |
| ENTITY LEVEL PAYMENT |
|||||||
| A/S NORSKE SHELL | - | 1,090,800,806 | - | - | - | - | 1,090,800,806 |
| BG NORGE LIMITED | - | -2,966,110 | - | - | - | - | -2,966,110 |
| Total | 1,981,216,339 | 1,087,834,696 | - | - | 754,924 | - | 3,069,805,959 |
[A] Includes payment in kind of \$1,169,083,686 for 29,562 KBOE valued at market price.
[B] Includes payment in kind of \$812,132,653 for 20,536 KBOE valued at market price.
[C] Includes payment in kind of \$1,981,216,339 for 50,098 KBOE valued at market price.
United Kingdom GOVERNMENT REPORTS (IN USD)
| Production Entitlement Taxes |
Royalties Bonuses |
Fees | Infrastructure Improvements Total |
||||
|---|---|---|---|---|---|---|---|
| GOVERNMENTS | |||||||
| OIL AND GAS AUTHORITY | - | - | - | - | 6,430,779 | - | 6,430,779 |
| HM REVENUE AND CUSTOMS | - | -116,563,817 | - | - | - | - | -116,563,817 |
| THE CROWN ESTATE SCOTLAND - | - | - | - | 112,277 | - | 112,277 | |
| Total | - | - 116,563,817 - | - | 6,543,056 | - | -110,020,761 | |
| PROJECT REPORTS (IN USD) | |||||||
| Production Entitlement Taxes |
Royalties | Bonuses | Fees | Infrastructure Improvements Total |
|||
| PROJECTS | |||||||
| BRENT AND OTHER NORTHERN NORTH SEA PROJECTS |
- | -74,275,062 | - | - | 458,720 | - | -73,816,341 |
| ONEGAS WEST | - | - | - | - | 1,362,755 | - | 1,362,755 |
| UK EXPLORATIONS PROJECTS | - | - | - | - | 561,019 | - | 561,019 |
| UK OFFSHORE NON - OPERATED - | - | - | - | 249,067 | - | 249,067 | |
| UK OFFSHORE OPERATED | - | - | - | - | 676,606 | - | 676,606 |
| WEST OF SHETLAND NON - OPERATED |
- | - | - | - | 204,697 | - | 204,697 |
| ENTITY LEVEL PAYMENT | |||||||
| SHELL U.K. LIMITED | - | -42,288,755 | - | - | 3,030,192 | - | -39,258,563 |
AND NATURAL GAS
| Brunei Darussalam GOVERNMENT REPORTS (IN USD) |
Production | Infrastructure | |||||
|---|---|---|---|---|---|---|---|
| Entitlement Taxes | Royalties Bonuses Fees | Improvements Total | |||||
| GOVERNMENTS MINISTRY OF FINANCE AND ECONOMY |
- | 118,946 | - - |
727,717 - | 846,663 | ||
| Total | - | 118,946 | - - |
727,717 - | 846,663 | ||
| PROJECT REPORTS (IN USD) | Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
||||
| PROJECTS BRUNEI OFFSHORE BLOCKS - |
- | - - |
727,717 - | 727,717 | |||
| ENTITY LEVEL PAYMENT SHELL DEEPWATER BORNEO LIMITED |
- | 118,946 | - - |
- | - | 118,946 | |
| Total | - | 118,946 | - - |
727,717 | - | 846,663 | |
| China GOVERNMENT REPORTS (IN USD) |
Production Entitlement |
Taxes | Royalties | Bonuses Fees |
Infrastructure Improvements Total |
||
| GOVERNMENTS CHINA NATIONAL PETROLEUM CORPORATION |
13,348,514[A] | - | - | - | - | - | 13,348,514 |
| SHAANXI PROVINCE OFFICE OF STATE |
- | - | 406,047[B] | - | - | - | 406,047 |
| Total | 13,348,514 | - | 406,047 | - | - | - | 13,754,561 |
| PROJECT REPORTS (IN USD) | |||||||
| Production Entitlement |
Taxes | Royalties | Bonuses Fees |
Infrastructure Improvements Total |
|||
| PROJECTS CHANGBEI |
13,348,514[C] | - | 406,047[D] | - | - | - | 13,754,561 |
| Total | 13,348,514 | - | 406,047 | - | - | - | 13,754,561 |
| [A] Includes payment in kind of \$13,348,514 for 433 KBOE valued at government selling price. | |||||||
| [B] Includes payment in kind of \$406,047 for 13 KBOE valued at government selling price. | |||||||
| [C] Includes payment in kind of \$13,348,514 for 433 KBOE valued at government selling price. | |||||||
| [D] Includes payment in kind of \$406,047 for 13 KBOE valued at government | |||||||
| INDIA GOVERNMENT REPORTS (IN USD) |
|||||||
| Production Entitlement Taxes |
Royalties | Bonuses Fees Infrastructure Improvements Total |
|||||
| GOVERNMENTS CENTRAL BOARD OF EXCISE |
- | - | 6,262,517 - | - | - | 6,262,517 | |
| AND CUSTOMS INCOME TAX DEPARTMENT - |
20,469,494 - | - - |
- | 20,469,494 | |||
| OIL AND NATURAL GAS | 208,342,808 | - | - | - - |
- | 208,342,808 | |
| CORPORATION LTD. PAY AND ACCOUNTS |
[A] | ||||||
| OFFICER, MINISTRY OF PETROLEUM |
8,542,799 | - | 28,084,718 - | - | - | 36,627,517 |
| Total | 216,885,607 20,469,494 34,347,235 - | - - |
271,702,336 | ||||
|---|---|---|---|---|---|---|---|
| PROJECT REPORTS (IN USD) |
|||||||
| Production Entitlement Taxes |
Royalties | Bonuses Fees Infrastructure | Improvements Total | ||||
| PROJECTS | |||||||
| PANNA MUKTA | 216,885,607 [B] |
- | 34,347,235 - | - - |
251,232,842 | ||
| ENTITY LEVEL PAYMENT BG EXPLORATION AND PRODUCTION INDIA LIMITED |
- | 20,469,494 - | - | - - |
20,469,494 | ||
| Total | 216,885,607 20,469,494 34,347,235 - | - - |
271,702,336 | ||||
| [A] Includes payment in kind of \$208,342,808 for 4,668 KBOE valued at market price. | |||||||
| [B] Includes payment in kind of \$208,342,808 for 4,668 KBOE valued at market price. | |||||||
| Kazakhstan GOVERNMENT REPORTS (IN USD) |
|||||||
| Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| GOVERNMENTS | |||||||
| WEST KAZAKHSTAN TAX COMMITTEE |
- | 204,871,617 - | - - |
- | 204,871,617 | ||
| Total Show PROJECT REPORTS (IN USD) |
- | 204,871,617 - | - - |
- | 204,871,617 | ||
| Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| PROJECTS KARACHAGANAK |
- | 204,871,617 - | - - |
- | 204,871,617 | ||
| Total | - | 204,871,617 - | - - |
- | 204,871,617 | ||
| Malaysia GOVERNMENT REPORTS (IN USD) |
Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
|
| GOVERNMENTS KETUA PENGARAH HASIL |
- | 312,151,913 | - | - | - | - | 312,151,913 |
| DALAM NEGERI PETROLIAM NASIONAL BERHAD |
1,565,060,994 [A] |
- | 31,040,343 | - | 15,000,000 | - | 1,611,101,336 |
| PETRONAS CARIGALI SDN BHD (KL) |
1,305,449,886 [B] |
- | - | - | - | - | 1,305,449,886 |
| MALAYSIA FEDERAL AND STATE GOVERNMENT |
- | - | 613,612,957[C] | - | - | - | 613,612,957 |
| Total | 2,870,510,880 | 312,151,913 | 644,653,300 | - | 15,000,000 | - | 3,842,316,093 |
| PROJECT REPORTS (IN USD) PROJECTS |
Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
|
| SABAH GAS - NOT OPERATED |
- | 30,391,177 | 1,575,401 | - | - | - | 31,966,578 |
| SABAH INBOARD AND DEEPWATER OIL |
1,247,146,464 [D] |
240,958,093 | 363,546,804[E] | - | - | - | 1,851,651,361 |
| SARAWAK OIL AND GAS | 1,623,364,416 [F] |
31,197,533 | 279,181,925[G] - |
15,000,000 | - | 1,948,743,874 | ||
|---|---|---|---|---|---|---|---|---|
| ENTITY LEVEL PAYMENT SABAH SHELL |
||||||||
| PETROLEUM COMPANY LIMITED |
- | 1,778,583 | 258,979 | - | - | - | 2,037,562 | |
| SARAWAK SHELL BERHAD |
- | 1,339,356 | - | - | - | - | 1,339,356 | |
| SHELL ENERGY ASIA LIMITED |
- | 1,040,649 | - | - | - | - | 1,040,649 | |
| SHELL OIL AND GAS (MALAYSIA) LLC |
- | 458,605 | - | - | - | - | 458,605 | |
| SHELL SABAH SELATAN SDN. BHD. |
- | 4,987,918 | 90,191 | - | - | - | 5,078,109 | |
| Total | 2,870,510,880 | 312,151,913 | 644,653,300 | - | 15,000,000 | - | 3,842,316,093 |
[A] Includes payment in kind of \$657,665,735 for 41,708 KBOE valued at fixed price and \$907,395,259 for 13,349 KBOE valued at market price.
[B] Includes payment in kind of \$509,467,820 for 32,444 KBOE valued at fixed price and \$795,982,066 for 11,513 KBOE valued at market price.
[C] Includes payment in kind of \$189,522,443 for 12,054 KBOE valued at fixed price and \$424,090,514 for 6,114 KBOE valued at market price.
[D] Includes payment in kind of \$1,247,146,464 for 17,637 KBOE valued at market price.
[E] Includes payment in kind of \$356,415,948 for 5,040 KBOE valued at market price.
[F] Includes payment in kind of \$1,167,133,555 for 74,152 KBOE valued at fixed price and \$456,230,861 for 7,226 KBOE valued at market price.
[G] Includes payment in kind of \$189,522,443 for 12,054 KBOE valued at fixed price and \$67,674,566 for 1,073 KBOE valued at market price.
| Oman GOVERNMENT |
||||||||
|---|---|---|---|---|---|---|---|---|
| REPORTS (IN USD) | Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| GOVERNMENTS OMAN - MINISTRY OF FINANCE |
- | 2,857,707,039 - | 1,000,000 | 150,000 - | 2,858,857,039 | |||
| Total | - | 2,857,707,039 - | 1,000,000 | 150,000 - | 2,858,857,039 | |||
| PROJECT REPORTS (IN USD) |
||||||||
| Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
||||||
| PROJECTS BLOCK 6 CONCESSION |
- | 2,857,707,039 - | - | - | - | 2,857,707,039 | ||
| BLOCK 42 CONCESSION |
- | - | - | 1,000,000 | 150,000 - | 1,150,000 | ||
| Total | - | 2,857,707,039 - | 1,000,000 | 150,000 | - | 2,858,857,039 | ||
| Philippines GOVERNMENT REPORTS (IN USD) |
Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure | Improvements Total |
| BUREAU OF INTERNAL REVENUE |
- | 131,112,519 - | - | - | - | 131,112,519 | ||
|---|---|---|---|---|---|---|---|---|
| DEPARTMENT OF ENERGY 512,522,213 - | - | - | - | - | 512,522,213 | |||
| PNOC EXPLORATION CORPORATION |
95,171,567 - | - | - | - | - | 95,171,567 | ||
| Total | 607,693,780 131,112,519 - | - | - | - | 738,806,299 | |||
| PROJECT REPORTS (IN USD) |
||||||||
| Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
||||||
| PROJECTS SC 38 MALAMPAYA GAS |
607,693,780 131,112,519 - | - | - | - | 738,806,299 | |||
| Total | 607,693,780 131,112,519 - | - | - | - | 738,806,299 | |||
| Qatar | ||||||||
| GOVERNMENT REPORTS (IN USD) |
Production | Royalties Bonuses Fees | Infrastructure | |||||
| GOVERNMENTS | Entitlement Taxes | Improvements Total | ||||||
| QATAR PETROLEUM 493,208,027 681,694,760 - RAS LAFFAN |
5,000,000 - | - | 1,179,902,787 | |||||
| INDUSTRIAL CITY | - | - | - | - | 19,654,096 - | 19,654,096 | ||
| Total | 493,208,027 681,694,760 - | 5,000,000 19,654,096 - | 1,199,556,883 | |||||
| PROJECT REPORTS (IN USD) |
||||||||
| Production | Entitlement Taxes | Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| PROJECTS PEARL GTL |
493,208,027 681,694,760 - | 5,000,000 19,654,096 - | 1,199,556,883 | |||||
| Total | 493,208,027 681,694,760 - | 5,000,000 19,654,096 - | 1,199,556,883 | |||||
| THAILAND | ||||||||
| GOVERNMENT REPORTS (IN USD) |
||||||||
| GOVERNMENTS | Production Entitlement Taxes |
Royalties Bonuses Fees | Infrastructure Improvements Total |
|||||
| REVENUE DEPARTMENT | - | -1,230,179 - | - | - | - | -1,230,179 | ||
| Total | - | -1,230,179 - | - | - | - | -1,230,179 | ||
| PROJECT REPORTS (IN USD) |
Production | Infrastructure | ||||||
| Entitlement Taxes | Royalties Bonuses Fees | Improvements Total | ||||||
| PROJECTS THAI ENERGY COMPANY LIMITED |
- | 16,102 | - | - | - | - | 16,102 | |
| SHELL INTEGRATED GAS THAILAND PTE. LIMITED - THAILAND BRANCH |
- | -1,246,281 - | - | - | - | -1,246,281 | ||
| Total | - | -1,230,179 - | - | - | - | -1,230,179 |
| USD) | |||||||
|---|---|---|---|---|---|---|---|
| Production | Entitlement Taxes | Royalties | Bonuses Fees | Infrastructure Improvements Total |
|||
| GOVERNMENTS | |||||||
| AUSTRALIAN | |||||||
| TAXATION OFFICE | - | 1,265,077 - | - | - | - | 1,265,077 | |
| BANANA SHIRE COUNCIL |
- | - | - | - | 121,255 | - | 121,255 |
| DEPARTMENT OF INDUSTRY |
- | - | 123,155,669 - | - | - | 123,155,669 | |
| DEPARTMENT OF ENVIRONMENT AND SCIENCE |
- | - | - | - | 937,554 | - | 937,554 |
| WESTERN DOWNS REGIONAL COUNCIL |
- | - | - | - | 10,851,637 1,756,836 | 12,608,473 | |
| OFFICE OF STATE REVENUE |
- | - | 35,797,880 - | - | - | 35,797,880 | |
| DEPARTMENT OF NATURAL RESOURCES AND MINES |
- | - | - | - | 1,825,831 - | 1,825,831 | |
| Total | - | 1,265,077 158,953,548 - | 13,736,277 1,756,836 | 175,711,738 | |||
| PROJECT REPORTS (IN USD) |
|||||||
| Production | Entitlement Taxes | Royalties | Bonuses Fees | Infrastructure Improvements Total |
|||
| PROJECTS NORTH WEST SHELF - |
- | 123,155,669 - | - | - | |||
| QGC PROJECT | - | - | 35,797,880 - | 13,736,277 1,756,836 | 123,155,669 51,290,992 |
||
| ENTITY LEVEL PAYMENT SHELL AUSTRALIA |
- | 1,265,077 - | - | - | - | 1,265,077 | |
| PTY LTD Total |
- | 1,265,077 158,953,548 - | 13,736,277 1,756,836 | 175,711,738 | |||
| Egypt GOVERNMENT REPORTS (IN USD) GOVERNMENTS |
Production Entitlement Taxes |
Royalties Bonuses | Fees Infrastructure | Improvements Total | |||
| EGYPTIAN GENERAL PETROLEUM CORPORATION - |
93,294,881 - | 61,000,000 - | - | 154,294,881 | |||
| Total | - | 93,294,881 - | 61,000,000 - | - | 154,294,881 | ||
| PROJECT REPORTS (IN USD) | Production Entitlement Taxes |
Royalties Bonuses | Fees Infrastructure | Improvements Total | |||
| PROJECTS | |||||||
| BADR EL-DIN (BED) NORTH EAST ABU GHARADIG |
- | 38,601,220 - | 10,000,000 - | - | 48,601,220 | ||
| (NEAG) | - | 15,165,740 - | - | - - |
15,165,740 | ||
| OBAIYED | - | 36,537,700 - | - | - - |
36,537,700 | ||
| EGYPT OFFSHORE EXPLORATION |
- | 1,313,911 - | - | - - |
1,313,911 | ||
| ENTITY LEVEL PAYMENT | |||||||
| SHELL EGYPT N.V. | - | 1,676,310 - | - | - - |
1,676,310 | ||
| SOUTH ABU SENNAN SOUTH EAST HORUS |
- - |
- - |
- - |
27,000,000 - 23,000,000 - |
- - |
27,000,000 23,000,000 |
|
| WEST EL FAYOUM | |||||||
| - | - | - | 1,000,000 - | - | 1,000,000 |
Gabon
| Improvements Total Taxes Royalties Bonuses Fees Entitlement GOVERNMENTS TRESOR PUBLIC DU GABON - - - - 119,693 - 119,693 Total - - - - - 119,693 119,693 PROJECT REPORTS (IN USD) Production Infrastructure Improvements Total Bonuses Fees Taxes Royalties Entitlement PROJECTS GABON EXPLORATION - - - - - 119,693 119,693 Total - - - - - 119,693 119,693 Nigeria GOVERNMENT REPORTS (IN USD) Production Infrastructure Improvements Total Taxes Royalties Bonuses Fees Entitlement GOVERNMENTS NIGER DELTA DEVELOPMENT - - - - 136,637,172 - 136,637,172 COMMISSION NIGERIAN NATIONAL 3,983,413,143 - - - - - 3,983,413,143 PETROLEUM [A] CORPORATION DEPARTMENT OF 446,362,409 PETROLEUM - - - 239,175 - 446,601,584 [B] RESOURCES FEDERAL INLAND 1,062,965,746 - - - - - 1,062,965,746 REVENUE [C] SERVICE Total 3,983,413,143 1,062,965,746 446,362,409 - 136,876,347 - 5,629,617,645 PROJECT REPORTS (IN USD) Production Infrastructure Improvements Total Taxes Royalties Bonuses Fees Entitlement PROJECTS 283,760,464 PSC 1993 - - - - - 283,760,464 [D] (OML133) PSC 1993 717,045,638 386,718,785 115,377,249 (OPL212/OML118, - 32,897,635 - 1,252,039,308 [E] [F] [G] OPL219/OML135) 1,283,663,582 WEST ASSET - - - - - 1,283,663,582 [H] 1,982,703,922 CENTRAL EAST - - - - - 1,982,703,922 [I] ASSET ENTITY LEVEL PAYMENT THE SHELL PETROLEUM DEVELOPMENT - 330,985,160 - 103,978,712 - 392,486,496 827,450,368 COMPANY OF NIGERIA LIMITED 3,983,413,143 1,062,965,746 446,362,409 - 136,876,347 - 5,629,617,645 |
GOVERNMENT REPORTS (IN USD) | |||||
|---|---|---|---|---|---|---|
| Production | Infrastructure | |||||
| Total |
[B] Includes payment in kind of \$115,377,249 for 1,707 KBOE valued at market price.
[C] Includes payment in kind of \$670,479,249 for 10,219 KBOE valued at market price.
[D] Includes payment in kind of \$283,760,464 for 4,280 KBOE valued at market price.
[E] Includes payment in kind of \$717,045,638 for 10,845 KBOE valued at market price.
[F] Includes payment in kind of \$386,718,785 for 5,939 KBOE valued at market price.
[G] Includes payment in kind of \$115,377,249 for 1,707 KBOE valued at market price.
[H] Includes payment in kind of \$1,283,663,582 for 19,680 KBOE valued at market price.
[I] Includes payment in kind of \$1,982,703,922 for 83,089 KBOE valued at market price.
Somalia
GOVERNMENT REPORTS (IN USD)
| Royalties | Bonuses | Fees | Infrastructure | |||||
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 1,708,000 | - | 1,708,000 | ||
| - | - | - | - | 1,708,000 | - | 1,708,000 | ||
| Royalties | Bonuses | Fees | ||||||
| - | - | - | - | 1,708,000 | - | 1,708,000 | ||
| - | - | - | - | 1,708,000 | - | 1,708,000 | ||
| Royalties | Infrastructure Improvements |
Total | ||||||
| - | - | [A] | - | - | - | 8,115,889 | ||
| - | - | - | ||||||
| - | - | - | ||||||
| Royalties | Infrastructure Improvements |
Total | ||||||
| - | 63,797,751 | [B] | - | - | - | 77,772,210 | ||
| - | 54,297,577 | [C] | - | - | - | 81,355,354 | ||
| - | - | |||||||
| MINISTRY OF PETROLEUM AND MINERAL RESOURCES PROJECT REPORTS (IN USD) ENTITY LEVEL PAYMENT SOMALIA EXPLORATION GOVERNMENT REPORTS (IN PROJECT REPORTS |
Production Entitlement Taxes Production Entitlement Taxes - |
Production Entitlement Production Entitlement |
Taxes Taxes 8,115,889 118,095,328 32,916,348 - 118,095,328 41,032,237 - 13,974,460 27,057,777 118,095,328 41,032,237 - |
Bonuses Fees Bonuses Fees |
Improvements Total Infrastructure Improvements Total 151,011,676 159,127,565 159,127,565 |
[A] Includes payment in kind of \$8,115,889 for 167 KBOE valued at market price.
[B] Includes payment in kind of \$3,968,090 for 92 KBOE valued at market price.
[C] Includes payment in kind of \$4,147,799 for 75 KBOE valued at market price.
| Production Entitlement Taxes |
Royalties | Bonuses Fees | Infrastructure Improvements Total |
||||
|---|---|---|---|---|---|---|---|
| GOVERNMENTS | |||||||
| GOVERNMENT OF ALBERTA |
- | - | 54,673,001 | - | - | - | 54,673,001 |
| MUNICIPAL DISTRICT OF GREENVIEW |
- | - | - | - | 726,651 | - | 726,651 |
| PROVINCIAL TREASURER OF ALBERTA |
- | -1,424,099 | - | - | 4,661,983 - | 3,237,884 | |
| RECEIVER GENERAL FOR CANADA |
- | 493,805 | -15,254,458 - | 113,942 | - | -14,646,710 | |
| MINISTRY OF EMPLOYMENT AND INVESTMENT |
- | - | - | - | 711,016 | - | 711,016 |
| MINISTER OF FINANCE (BC) |
- | - | 1,977,528 | - | 578,690 | - | 2,556,218 |
| ALBERTA PETROLEUM MARKETING COMMISSION |
- | - | 625,588[A] | - | - | - | 625,588 |
| THE TOWN OF FOX CREEK |
- | - | - | - | 170,822 | - | 170,822 |
| Total | - | -930,294 | 42,021,659 | - | 6,963,104 - | 48,054,469 | |
| PROJECT REPORTS (IN USD) | Production Entitlement Taxes |
Royalties | Bonuses Fees | Infrastructure Improvements Total |
|||
| PROJECTS ATHABASCA OIL SANDS |
- | 919,943 | 33,076,475 | - | 666,579 | - | 34,662,997 |
| FOOTHILLS | - | - | 5,387,236 | - | 493,286 | - | 5,880,522 |
| GREATER DEEP BASIN |
- | - | 18,789,552 [B] |
- | 4,142,709 - | 22,932,262 | |
| GROUNDBIRCH | - | - | 1,977,528 | - | 1,289,706 - | 3,267,234 | |
| INSITU | - | - | 326,892 | - | - | - | 326,892 |
| SABLE DEEPWATER |
- | - | -17,536,025 - | - | - | -17,536,025 | |
| ENTITY LEVEL PAYMENT |
|||||||
| SHELL CANADA ENERGY |
- | - | - | - | 370,824 | - | 370,824 |
| BR OIL SANDS CORPORATION |
- | -1,850,237 | - | - | - | - | -1,850,237 |
| Total | - | -930,294 | 42,021,659 | - | 6,963,104 - | ||
| [A] Includes payment in kind of \$85,711 for 2 KBOE valued at government selling price. | |||||||
| [B] Includes payment in kind of \$85,711 for 2 KBOE valued at government selling price. | |||||||
| Mexico GOVERNMENT REPORTS (IN USD) |
48,054,469 | ||||||
| GOVERNMENTS SERVICIO DE |
Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
| USD) | Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
|---|---|---|---|---|---|---|
| GOVERNMENTS SERVICIO DE ADMINISTRACION TRIBUTARIA |
- | - | - | - | 21,731,834 - | 21,731,834 |
| FONDO MEXICANO DEL PETROLEO PARA LA ESTABILIZACION Y EL DESARROLLO |
- | - | - | - | 16,661,175 - | 16,661,175 |
| Total - |
- | - | - | 38,393,009 - | 38,393,009 | ||
|---|---|---|---|---|---|---|---|
| PROJECT REPORTS (IN USD) | |||||||
| Production | Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| ENTITY LEVEL PAYMENT |
Entitlement | ||||||
| SHELL EXPLORACIÓN Y EXTRACCIÓN DE - |
- | - | - | 38,393,009 - | 38,393,009 | ||
| MÉXICO, S.A. DE C.V. |
|||||||
| Total - |
- | - | - | 38,393,009 - | 38,393,009 | ||
| United States GOVERNMENT REPORTS (IN USD) |
|||||||
| Production Entitlement Taxes |
Royalties | Bonuses Fees | Infrastructure Improvements Total |
||||
| GOVERNMENTS COMMONWEALTH OF PENNSYLVANIA |
- | - | 142,399 | - | 7,971,533 | - | 8,113,932 |
| INTERNAL REVENUE SERVICE |
- | 160,429,577 - | - | - | - | 160,429,577 | |
| OFFICE OF NATURAL RESOURCES REVENUE - |
- | 845,227,896 - | 104,230,525 - | 949,458,421 | |||
| STATE OF LOUISIANA | - | 2,078,187 | - | - | - | - | 2,078,187 |
| STATE OF TEXAS | - | 73,017,719 112,562,052 - | 819,508 | - | 186,399,279 | ||
| THE UNIVERSITY OF TEXAS SYSTEM |
- | - | - | - | 849,648 | - | 849,648 |
| DIRECTOR, DIVISION OF OIL AND GAS |
- | - | - | - | 253,920 | - | 253,920 |
| PENNSYLVANIA DEPARTMENT OF REVENUE |
- | 277,465 | - | - | - | - | 277,465 |
| TEXAS A&M UNIVERSITY SYSTEM - |
- | 1,128,356 | - | - | - | 1,128,356 | |
| LA DEPTARTAMENT OF NATURAL RESOURCES - |
- | 175,407 | - | - | - | 175,407 | |
| US ENVIRONMENTAL PROTECTION AGENCY - |
- | - | - | 514,053 | - | 514,053 | |
| Total | - | 235,802,948 959,236,110 - | 114,639,187 - | 1,309,678,245 | |||
| PROJECT REPORTS (IN USD) |
|||||||
| Production Entitlement Taxes |
Royalties | Bonuses Fees | Infrastructure Improvements Total |
||||
| PROJECTS | |||||||
| ALASKA EXPLORATION - APPALACHIA |
- | - - |
- 142,399 |
- - |
253,920 7,971,533 |
- - |
253,920 8,113,932 |
| GOM (CENTRAL) | - | - | 652,692,548 - | - | - | 652,692,548 | |
| GOM (WEST) | - | - | 192,535,348 - | - | - | 192,535,348 | |
| GOM EXPLORATION | - | - | - | - | 104,230,525 - | 104,230,525 | |
| PERMIAN | - | 73,017,719 113,690,408 - | 1,669,156 | - | 188,377,283 | ||
| ENTITY LEVEL | |||||||
| PAYMENT | |||||||
| SWEPI LP | - | 1,518,187 | 175,407 | - | - | - | 1,693,594 |
| SHELL OIL COMPANY | - | -5,692,958 - | - | - | - | -5,692,958 | |
| SHELL PETROLEUM INC. |
- | 166,400,000 - | - | - | - | 166,400,000 | |
| SHELL EXPLORATION & PRODUCTION COMPANY |
- | 560,000 | - | - | 514,053 | - | 1,074,053 |
| Total | - | 235,802,948 959,236,110 - | 114,639,187 - | 1,309,678,245 |
Argentina
| GOVERNMENT REPORTS (IN USD) | |||||||
|---|---|---|---|---|---|---|---|
| Production | Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| GOVERNMENTS | Entitlement | ||||||
| GAS Y PETROLEO | |||||||
| DEL NEUQUEN S.A. | - | - | - | - | 189,180 | - | 189,180 |
| PROVINCIA DE SALTA | - | - | 4,877,340 | - | - | - | 4,877,340 |
| PROVINCIA DEL NEUQUEN | - | - | 14,243,858 | - | 187,085 | - | 14,430,943 |
| Total | - | - | 19,121,199 | - | 376,265 | - | 19,497,464 |
| PROJECT REPORTS (IN USD) | |||||||
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| PROJECTS | |||||||
| ACAMBUCO | - | - | 4,877,340 | - | - | - | 4,877,340 |
| ARGENTINA | - | 14,243,858 | - | 376,265 | - | 14,620,123 | |
| UNCONVENTIONAL PROJECTS - | |||||||
| Total | - | - | 19,121,199 | - | 376,265 | - | 19,497,464 |
| Bolivia | |||||||
| GOVERNMENT REPORTS (IN USD) | |||||||
| Production | Taxes | Royalties | Bonuses | Fees | Infrastructure | ||
| Entitlement | Improvements Total | ||||||
| GOVERNMENTS | |||||||
| NATIONAL OIL COMPANY OF BOLIVIA |
- | - | - | - | 1,326,933 | - | 1,326,933 |
| Total | - | - | - | - | 1,326,933 | - | 1,326,933 |
| PROJECT REPORTS (IN USD) | |||||||
| Production | Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| Entitlement | |||||||
| PROJECTS HUACARETA |
|||||||
| LA VERTIENTE | - - |
- - |
- - |
- - |
745,037 | - - |
745,037 |
| 581,896 | 581,896 | ||||||
| Total | - | - | - | - | 1,326,933 | - | 1,326,933 |
| Brazil | |||||||
| GOVERNMENT REPORTS (IN USD) | |||||||
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| GOVERNMENTS | |||||||
| MINISTERIO DA FAZENDA | - | - | 766,952,516 | - | 1,558,685,330 - | 2,325,637,846 | |
| PRÉ-SAL PETRÓLEO SA | 19,719,197[A] - | - | - | - | - | 19,719,197 | |
| AGENCIA NACIONAL DO | |||||||
| PETROLEO GAS NATURAL E | - | - | - | 122,834,875 | 127,428 | - | 122,962,303 |
| BIOCOMBUSTIVEIS | |||||||
| RIO DE JANEIRO PREFEITURA - | - | - | - | 117,113 | - | 117,113 | |
| Total | 19,719,197 | - | 766,952,516 | 122,834,875 | - | 2,468,436,459 | |
| 1,558,929,871 | |||||||
| PROJECT REPORTS (IN USD) | |||||||
| Production | Infrastructure | ||||||
| Entitlement | Taxes | Royalties | Bonuses | Fees | Improvements Total | ||
| PROJECTS | |||||||
| BASIN EXPLORATION | - | - | - | 122,834,875 393,602 | - | 123,228,477 | |
| PROJECTS | |||||||
| BC-10 | - | - | 32,896,189 | - | 1,090,636 | - | 33,986,825 |
| BIJUPIRA & SALEMA | - | - | 11,026,703 | - | 384,941 | - | 11,411,644 |
BM-S-9, BM-S-9A, BM-S-11, BM-
| S-11A AND ENTORNO DE SAPINHOA |
- | - | 701,357,508 | - | 1,555,985,446 - | 2,257,342,954 | |
|---|---|---|---|---|---|---|---|
| BARREIRINHAS | - | - | - | - | 958,133 | - | 958,133 |
| LIBRA PSC | 19,719,197[B] - | 21,672,116 | - | - | - | 41,391,313 | |
| ENTITY LEVEL PAYMENT SHELL BRASIL PETROLEO LTDA |
- | - | - | - | 117,113 | - | 117,113 |
| Total | 19,719,197 | - | 766,952,516 | 122,834,875 | 1,558,929,871 | - | 2,468,436,459 |
| [A] Includes payments in kind of \$19,719,197 for 330 KBOE valued at Market price. [B] Includes payments in kind of \$19,719,197 for 330 KBOE valued at Market price. |
|||||||
| Trinidad and Tobago GOVERNMENT REPORTS (IN USD) |
|||||||
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| GOVERNMENTS BOARD OF INLAND REVENUE - |
4,593,694 | - | - | - | - | 4,593,694 | |
| PERMANENT SECRETARY MINISTRY OF ENERGY |
76,970,053 | 7,560,430 | 3,934,073 | 85,000,000 | 11,157,097 | - | 184,621,652 |
| Total | 76,970,053 | 12,154,124 | 3,934,073 | 85,000,000 | 11,157,097 | - | 189,215,347 |
| PROJECT REPORTS (IN USD) | |||||||
| Production Entitlement |
Taxes | Royalties | Bonuses | Fees | Infrastructure Improvements Total |
||
| PROJECTS | |||||||
| BLOCK 5C, 5D AND 6D BLOCK 6B |
- | - | - | 5,000,000 | 2,508,917 | - | 7,508,917 |
| CENTRAL BLOCK | 21,265,486 - |
516,558 4,710,494 |
- 3,934,073 |
40,000,000 - |
1,612,356 673,171 |
- - |
63,394,400 9,317,738 |
| NORTH COAST MARINE AREA 1 (NCMA1) |
55,704,567 | 6,927,072 | - | 40,000,000 | 1,695,241 | - | 104,326,880 |
| ENTITY LEVEL PAYMENT BG INTERNATIONAL LIMITED - TRINIDAD AND TOBAGO BRANCH |
- | - | - | - | 4,667,412 | - | 4,667,412 |
| Total | 76,970,053 | 12,154,124 | 3,934,073 | 85,000,000 | 11,157,097 | - | 189,215,347 |
CAUTIONARY NOTE
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Report "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries ", "Shell subsidiaries", and "Shell companies" as used in this Report refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations" respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.