We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shell Plc | LSE:RDSA | London | Ordinary Share | GB00B03MLX29 | 'A' ORD EUR0.07 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,895.20 | 1,900.20 | 1,900.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMRDSA TIDMRDSB
Report on Payments to Governments for the year 2016
Introduction
This Report provides a consolidated overview of the payments to governments
made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter
refer to as "Shell") for the year 2016 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 and Transparency Rules of the Financial Conduct Authority in the
United Kingdom.
This Report is available for download from www.shell.com/payments
Basis for Preparation - Report on Payments to Government for the year 2016
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 over which 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 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,
which includes 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 arrangement, 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 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, 2016, 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 reached a milestone.
Licence fees, rental fees, entry fees and other considerations for licences 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 cash-call, 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 GBP86,000 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 Government 2016[1]
Summary Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Countries
Europe
Bulgaria - - - 5,462,488 157,339 - 5,619,827
Denmark - 108,483,188 - - - - 108,483,188
Germany - -1,054,411 - - - - -1,054,411
Greenland - - - - 200,000 - 200,000
Ireland - - - - 858,048 2,410,114 3,268,162
Italy - -1,627,544 64,755,012 - - - 63,127,468
Norway 2,059,094,010 472,430,809 - - 380,317 - 2,531,905,135
United Kingdom - -142,467,814 - - 8,166,012 - -134,301,802
Asia
Brunei - 41,179,126 - - 1,708,238 - 42,887,364
Darussalam
China 4,067,561 - 306,130 - 1,255,091 - 5,628,782
India 303,826,390 17,472,318 52,308,931 - - - 373,607,640
Iraq 1,585,085,527 28,958,825 - - - - 1,614,044,352
Kazakhstan - 178,635,070 - - - -
178,635,070
Malaysia 2,153,529,250 -6,649,702 490,841,325 - 35,000,477 - 2,672,721,349
Oman - 1,078,124,751 - - - - 1,078,124,751
Philippines 359,057,255 73,076,567 - - - - 432,133,822
Qatar 339,671,291 479,085,422 - - 18,163,102 - 836,919,815
Thailand 98,630,887 80,091,814 - - -
- 178,722,701
Oceania
Australia 21,735,054 85,375,870 14,880,782 10,179,483 132,171,190
- -
New Zealand 38,430,412 30,556,373 68,986,785
- - - -
Africa
Egypt 111,072,517 111,072,517
- - - - -
Gabon 148,746,651 56,540,463 2,707,447 11,719,358 219,713,918
- -
Nigeria 2,172,116,090 1,180,024,370 160,713,620 125,386,960 3,638,241,040
- -
Tanzania 494,752
- - - - - 494,752
Tunisia 9,292,054 13,764,291
- - - - 23,056,345
North America
Canada 949,840 54,602,112 19,711,782 75,263,733
- - -
USA -254,076,804 374,777,662 58,590,352 179,291,210
- - -
South America
Argentina - 1,715,372 7,110,703 5,000,000 1,358,129 - 15,184,204
Bolivia - 15,084,751 - - 1,211,913 - 16,296,664
Brazil - - 560,021,003 - 2,476,344 - 562,497,347
Trinidad and 24,190,171 - 1,672,836 - 5,672,331 - 31,535,338
Tobago
Total 9,149,384,196 3,548,505,059 2,033,438,144 10,462,488 298,379,414 24,308,955 15,064,478,257
Bulgaria
Governments Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Governments
- - 157,339 - 5,619,827
MINISTRY OF ENERGY 5,462,488
OF THE REPUBLIC OF BULGARIA
Total - - - 5,462,488 157,339 - 5,619,827
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - 5,462,488 157,339 - 5,619,827
SILISTAR
Total - - - 5,462,488 157,339 - 5,619,827
Denmark
Governments Report
(in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Governments
- -3,454,326 - - - - -3,454,326
DANISH ENERGY AGENCY
- - - - -
TAX AUTHORITIES 111,937,514 111,937,514
Total - 108,483,188 - - - - 108,483,188
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Entity Level Payment
- 108,483,188 - - - - 108,483,188
SHELL OLIE - OG
GASUDVINDING DANMARK
B.V.
Total - 108,483,188 - - - - 108,483,188
Germany
Governments Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Governments
- -1,054,411 - - - - -1,054,411
TAX AUTHORITIES HAMBURG
Total - -1,054,411 - - - - -1,054,411
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Entity level payment
- -1,054,411 - - - - -1,054,411
SHELL ERDGAS
BETEILIGUNGSGESELLSCHAFT
mbH
Total - -1,054,411 - - - - -1,054,411
Greenland
Governments Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Governments
- - - - -
AATSITASSARSIORNERMUT 200,000 200,000
PISORTAQ
Total - - - - 200,000 - 200,000
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - -
BAFFIN BAY 200,000 200,000
Total - - - - 200,000 - 200,000
Ireland
Governments Report (in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 215,009 - 215,009
DEPARTMENT OF
COMMUNICATIONS
- - - - - 2,410,114 2,410,114
MAYO COUNTY COUNCIL
- - - - 643,039 - 643,039
COMMISSION FOR ENERGY
REGULATION
Total - - - - 858,048 2,410,114 3,268,162
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 858,048 2,410,114 3,268,162
CORRIB PROJECT
Total - - - - 858,048 2,410,114 3,268,162
Italy
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
38,529,232 38,529,232
BASILICATA REGION (VDA)
- - 1,087,884 - - - 1,087,884
CALVELLO MUNICIPALITY
- - 621,648 - - - 621,648
GRUMENTO NOVA
MUNICIPALITY
- - 155,412 - - - 155,412
MARSICOVETERE
MUNICIPALITY
- - 466,236 - - - 466,236
MARSICO NUOVO
MUNICIPALITY
- - 155,412 - - - 155,412
MONTEMURRO MUNICIPALITY
- -1,627,544 19,426,504 - - - 17,798,960
TESSORERIA PROVINICIALE
DELLO STATO
4,312,684 4,312,684
VIGGIANO MUNICIPALITY
Total - -1,627,544 64,755,012 - - - 63,127,468
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 64,755,012 - - - 64,755,012
ITALY UPSTREAM ASSET
Entity level payment
- -1,627,544 - - - - -1,627,544
SHELL ITALIA E&P SpA
Total - -1,627,544 64,755,012 - - - 63,127,468
Norway
Governments Report (in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
770,153,020 - - - - - 770,153,020
STATOIL ASA [A]
- - - - - -
OLJEDIREKTORATET
- - - - 380,317 - 380,317
DIREKTORATET FOR
SAMFUNNSSIKKERHET
1,288,940,990 - - - - - 1,288,940,990
PETORO AS [B]
- 472,957,729 - - - - 472,957,729
SKATTE OG
AVGIFTSREGNSKAP
- -526,920 - - - - -526,920
SKATTEOPPKREVEREN
I SOLA
Total 2,059,094,010 472,430,809 - - 380,317 - 2,531,905,135
Projects Report
(in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
2,059,094,010 - - - 380,317 - 2,059,474,327
ORMEN LANGE AND [C]
DRAUGEN
Entity level
payment
- 898,670,224 - - - - 898,670,224
A/S NORSKE SHELL
- -426,239,415 - - - - -426,239,415
BG NORGE LIMITED
Total 2,059,094,010 472,430,809 - - 380,317 - 2,531,905,135
[A] Includes payment in kind of $ 770,153,020 for 28,356 KBOE valued at market
price.
[B] Includes payment in kind of $ 1,288,940,990 for 44,937 KBOE valued at
market price.
[C] Includes payment in kind of $ 2,059,094,010 for 73,293 KBOE valued at
market price
United Kingdom
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 8,166,012 - 8,166,012
DEPARTMENT OF ENERGY
AND CLIMATE
- -142,467,814 - - - - -142,467,814
HM REVENUE AND
CUSTOMS
Total - -142,467,814 - - 8,166,012 - -134,301,802
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- -5,878,447 - - 589,679 - -5,288,768
ONEGAS WEST
- 2,231,753 - - 670,581 - 2,902,335
UK OFFSHORE OPERATED
- -15,452,707 - - 881,379 - -14,571,328
UK OFFSHORE NON
OPERATED
- -115,629,554 - - - - -115,629,554
BRENT AND OTHER
NORTHERN NORTH SEA
PROJECTS
- - - - 653,372 - 653,372
UK EXPLORATIONS
PROJECTS
Entity level payment
- -104,599,060 - - 5,371,001 - -99,228,058
SHELL U.K. LIMITED
- 96,860,200 - - - - 96,860,200
BG GLOBAL ENERGY
LIMITED
Total - -142,467,814 - - 8,166,012 - -134,301,802
Brunei Darussalam
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- 41,179,126 - - 1,408,238 - 42,587,364
GOVERNMENT OF BRUNEI
DARUSSALAM
- - - - 300,000 - 300,000
BRUNEI NATIONAL PETROLEUM
COMPANY
Total - 41,179,126 - - 1,708,238 - 42,887,364
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- 42,321,495 - - 1,708,238 - 44,029,733
BRUNEI OFFSHORE BLOCKS
Entity level payment
- -1,142,369 - - - - -1,142,369
SHELL DEEPWATER BORNEO
LIMITED
Total - 41,179,126 - - 1,708,238 - 42,887,364
China
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
4,067,561 - - - - - 4,067,561
CHINA NATIONAL [A]
PETROLEUM CORPORATION
- - - - 1,255,091 - 1,255,091
CHINA NATIONAL
OFFSHORE OIL
CORPORAION
- - 306,130 - - - 306,130
SICHUAN PROVINCIAL [B]
OFFICE OF STATE
ADMINISTRATION OF
TAXATION
Total 4,067,561 - 306,130 - 1,255,091 - 5,628,782
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
4,067,561 - 306,130 - - - 4,373,691
JINQIU+FUSHUN+ZITONG [A] [B]
- - - - 1,255,091 - 1,255,091
YINGGEHAI
Total 4,067,561 - 306,130 - 1,255,091 - 5,628,782
[A] Includes payment in kind of $ 4,065,556 for 157 KBOE valued at government
selling price and $ 2,005 for 62 BOE valued at market price.
[B] Includes payment in kind of $ 306,130 for 11 KBOE valued at government
selling price.
India
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
268,169,387 - - - - - 268,169,387
OIL & NATURAL GAS [A]
CORP. LTD.
35,657,003 - 40,961,782 - - - 76,618,786
PAY & ACCOUNTS
OFFICER, MINISTRY OF
PETROLEUM AND NATURAL
GAS
- - 11,347,149 - - - 11,347,149
CENTRAL BOARD OF
EXCISE AND CUSTOMS
- 17,472,318 - - - - 17,472,318
INCOME TAX DEPARTMENT
Total 303,826,390 17,472,318 52,308,931 - - - 373,607,640
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
303,374,899 - 52,308,931 - - - 355,683,830
PANNA MUKTA [B]
451,491 [C] - - - - - 451,491
TAPTI
Entity level payment
- 17,472,318 - - - - 17,472,318
BG EXPLORATION AND
PRODUCTION INDIA
LIMITED
Total 303,826,390 17,472,318 52,308,931 - - - 373,607,640
[A] Includes payment in kind of $ 268,169,387 for 13,701 KBOE valued at market
price.
[B] Includes payment in kind of $ 267,717,896 for 13,682 KBOE valued at market
price.
[C] Includes payment in kind of $ 451,491 for 19 KBOE valued at market price.
Iraq
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
1,585,085,527 28,958,825 - - - - 1,614,044,352
SOUTH OIL COMPANY [A] [B]
Total 1,585,085,527 28,958,825 - - - - 1,614,044,352
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
1,585,085,527 18,609,325 - - - - 1,603,694,852
MAJNOON [A] [C]
- 10,349,500 - - - - 10,349,500
WEST QURNA [D]
Total 1,585,085,527 28,958,825 - - - - 1,614,044,352
[A] Includes payment in kind of $ 1,585,085,527 for 46,140 KBOE valued at
market price.
[B] Includes payment in kind of $ 28,958,825 for 1,074 KBOE valued at market
price.
[C] Includes payment in kind of $ 18,609,325 for 773 KBOE valued at market
price.
[D] Includes payment in kind of $ 10,349,500 for 301 KBOE valued at market
price.
Kazakhstan
Governments
Report (in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- 178,635,070 - - - - 178,635,070
STATE REVENUE
COMMITTEE OF THE
MINISTRY OF
FINANCE
Total - 178,635,070 - - - - 178,635,070
Projects Report
(in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- 178,635,070 - - - - 178,635,070
KARACHAGANAK
Total - 178,635,070 - - - - 178,635,070
Malaysia
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
1,140,170,819 - 28,304,472 - 35,000,477 - 1,203,475,768
PETROLIAM [A]
NASIONAL
BERHAD
- - 462,536,853 - - - 462,536,853
MALAYSIA [B]
FEDERAL &
STATE
GOVERNMENT
1,013,358,430 -21,450,474 - - - - 991,907,956
PETRONAS [C]
CARIGALI SDN
BHD (KL)
- 14,800,772 - - - - 14,800,772
KETUA
PENGARAH
HASIL DALAM
NEGERI
Total 2,153,529,250 -6,649,702 490,841,325 - 35,000,477 - 2,672,721,349
[A] Includes payment in kind of $ 730,443,767 for 55,755 KBOE valued at fixed
price and $ 409,727,053 for 9,353 KBOE valued at market price.
[B] Includes payment in kind of $ 194,872,121 for 14,935 KBOE valued at fixed
price and $ 267,664,733 for 5,766 KBOE valued at market price.
[C] Includes payment in kind of $ 487,105,291 for 37,092 KBOE valued at fixed
price and $ 526,253,139 for 11,305 KBOE valued at market price.
Malaysia
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
620,367,389 25,743,263 226,484,895 - - - 872,595,547
SABAH INBOARD [A] [B]
AND DEEPWATER
OIL
1,533,161,861 -33,499,092 263,891,103 - 35,000,477 - 1,798,554,348
SARAWAK OIL [C] [D]
AND GAS
SABAH GAS NON - - 465,328 - - - 465,328
OPERATED
Entity level
payment
- 249,965 - - - - 249,965
SABAH SHELL
PETROLEUM
COMPANY
LIMITED
- 344,073 - - - - 344,073
SHELL OIL &
GAS
(MALAYSIA)
LLC
- 288,058 - - - - 288,058
SARAWAK SHELL
BERHAD
- 224,031 - - - 224,031
SHELL SABAH
SELATAN SDN.
BHD.
Total 2,153,529,250 -6,649,702 490,841,325 - 35,000,477 - 2,672,721,349
[A] Includes payment in kind of $ 620,367,389 for 12,923 KBOE valued at market
price.
[B] Includes payment in kind of $ 217,942,482 for 4,552 KBOE valued at market
price.
[C] Includes payment in kind of $ 1,217,549,058 for 92,847 KBOE valued at fixed
price and $ 315,612,803 for 7,735 KBOE valued at market price.
[D] Includes payment in kind of $ 194,872,121 for 14,935 KBOE valued at fixed
price and $ 49,722,251 for 1,214 KBOE valued at market price.
Oman
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- 1,078,124,751 - - - - 1,078,124,751
OMAN - MINISTRY OF [A]
FINANCE
Total - 1,078,124,751 - - - - 1,078,124,751
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- 1,056,326,831 - - - - 1,056,326,831
BLOCK 6 CONCESSION
- 21,797,920 - - - - 21,797,920
MUKHAIZNA PSC [A]
Total - 1,078,124,751 - - - - 1,078,124,751
[A] Includes payment in kind of $ 21,797,920 for 628 KBOE valued at government
selling price.
Philippines
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
75,576,825 - - - - - 75,576,825
PNOC EXPLORATION
CORPORATION
- 73,076,567 - - - - 73,076,567
BUREAU OF INTERNAL
REVENUE
283,480,430 - - - - - 283,480,430
DEPARTMENT OF ENERGY
Total 359,057,255 73,076,567 - - - - 432,133,822
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
359,057,255 73,076,567 - - - - 432,133,822
SC 38 MALAMPAYA GAS
Total 359,057,255 73,076,567 - - - - 432,133,822
Qatar
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 18,163,102 - 18,163,102
RAS LAFFAN INDUSTRIAL
CITY
339,671,291 479,085,422 - - - - 818,756,713
QATAR PETROLEUM
Total 339,671,291 479,085,422 - - 18,163,102 - 836,919,815
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
339,671,291 479,085,422 - - 18,163,102 - 836,919,815
PEARL GTL
Total 339,671,291 479,085,422 - - 18,163,102 - 836,919,815
Thailand
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - 59,639,279 - - - 59,639,279
DEPARTMENT OF MINERAL
FUELS
- 98,630,887 - - - - 98,630,887
REVENUE DEPARTMENT
MINISTRY OF ENERGY - - 20,452,535 - - - 20,452,535
Total - 98,630,887 80,091,814 - - - 178,722,701
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- 98,630,887 80,091,814 - - - 178,722,701
BONGKOT
Total - 98,630,887 80,091,814 - - - 178,722,701
Australia
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 2,299,499 - 2,299,499
NATIONAL OFFSHORE
PETROLEUM
- - 82,553,608 - 401,621 - 82,955,229
DEPARTMENT OF INDUSTRY
- 21,735,054 - - - - 21,735,054
AUSTRALIAN TAXATION
OFFICE
- - - - 116,832 - 116,832
BANANA SHIRE COUNCIL
- - - - 8,784,835 10,035,112 18,819,946
WESTERN DOWNS REGIONAL
COUNCIL
- - 2,822,262 - - - 2,822,262
OFFICE OF STATE REVENUE
COLLECTION
- - - - - 144,372 144,372
MARANOA REGIONAL COUNCIL
- - - - 3,277,997 - 3,277,997
DEPARTMENT OF NATURAL
RESOURCES & MINERALS
Total - 21,735,054 85,375,870 - 14,880,782 10,179,483 132,171,190
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 2,299,499 - 2,299,499
PRELUDE
- - 82,553,608 - - - 82,553,608
NORTH WEST SHELF
- - - - 401,621 - 401,621
AUSTRALIA EXPLORATION
PROJECTS
- - 2,822,262 - 12,179,663 10,179,483 25,181,408
QGC PROJECT
Entity level payment
- 21,735,054 - - - - 21,735,054
Shell Australia Pty Ltd
Total - 21,735,054 85,375,870 - 14,880,782 10,179,483 132,171,190
New Zealand
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - 30,556,373 - - - 30,556,373
MINISTRY OF
BUSINESS,
INNOVATION
- 38,430,412 - - - - 38,430,412
INLAND REVENUE
DEPARTMENT
Total - 38,430,412 30,556,373 - - - 68,986,785
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 29,784,349 - - - 29,784,349
POHOKURA
- - 226,145 - - - 226,145
MAUI
- - 545,879 - - - 545,879
KAPUNI
Entity level
payment
- 38,430,412 - - - - 38,430,412
SHELL NEW ZEALAND
(2011) LIMITED
Total - 38,430,412 30,556,373 - - - 68,986,785
Egypt
Governments Report (in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- 111,072,517 - - - - 111,072,517
EGYPTIAN GENERAL PETROLEUM
COMPANY
Total - 111,072,517 - - - - 111,072,517
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- 32,930,653 - - - 32,930,653
BADR EL-DIN (BED)
28,429,396 28,429,396
EGYPT OFFSHORE EXPLORATION
- 18,121,619 - - - - 18,121,619
NORTH EAST ABU GHARADIG
(NEAG)
- 31,590,848 - - - - 31,590,848
OBAIYED
Total - 111,072,517 - - - - 111,072,517
Gabon
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
408,753 - 56,540,463 - 2,707,447 - 59,656,663
TRESORIER PAY.GEN.
DU GABON
148,337,898 - - - - - 148,337,898
GABON OIL COMPANY [A]
- - - - - 11,719,358 11,719,358
COMMUNE DE GAMBA
Total 148,746,651 - 56,540,463 - 2,707,447 11,719,358 219,713,918
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 372,670 - 372,670
GABON EXPLORATION
92,842,854 - 29,186,643 - 1,352,056 - 123,381,553
GABON NORTH EAST [B]
55,205,834 - 17,046,081 - 608,048 - 72,859,964
GABON CENTRAL [C]
697,962 [D] - 10,307,740 - 374,672 11,719,358 23,099,732
GABON SOUTH
Total 148,746,651 - 56,540,463 - 2,707,447 11,719,358 219,713,918
[A] Includes payment in kind of $ 148,337,898 for 3,549 KBOE valued at market
price.
[B] Includes payment in kind of $ 92,842,854 for 2,243 KBOE valued at market
price.
[C] Includes payment in kind of $ 55,205,834 for 1,298 KBOE valued at market
price.
[D] Includes payment in kind of $ 289,209 for 7 KBOE valued at market price.
Nigeria
Governments Report (in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
2,172,116,090 - - - - - 2,172,116,090
NIGERIAN [A]
NATIONAL
PETROLEUM
CORPORATION
- - - - 125,147,780 - 125,147,780
NIGER DELTA
DEVELOPMENT
COMMISSION
- - 160,713,620 - 239,180 - 160,952,800
DEPARTMENT OF [B]
PETROLEUM
RESOURCES
- 1,180,024,370 - - - - 1,180,024,370
FEDERAL [C]
INLAND
REVENUE
SERVICE
Total 2,172,116,090 1,180,024,370 160,713,620 - 125,386,960 - 3,638,241,040
[A] Includes payment in kind of $ 2,172,116,090 for 92,844 KBOE valued at
market price.
[B] Includes payment in kind of $ 32,501,960 for 735 KBOE valued at market
price.
[C] Includes payment in kind of $ 366,991,070 for 7,873 KBOE valued at market
price.
Nigeria
Projects Report (in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
270,658,660 - - - - - 270,658,660
SPDC SHALLOW [A]
WATER
111,157,140 - - - - - 111,157,140
SPDC WEST [B]
1,055,193,770 - - - - - 1,055,193,770
SPDC EAST [C]
735,106,520 347,306,670 32,501,960 - - - 1,114,915,150
PSC 1993 [D] [E] [F]
(OPL212/
OML118,
OPL219/
OML135)
- 19,684,400 - - - - 19,684,400
PSC 1993 [G]
(OPL209)
Entity level
payment
- 813,033,300 128,211,660 - 125,386,960 - 1,066,631,920
THE SHELL
PETROLEUM
DEVELOPMENT
COMPANY OF
NIGERIA
LIMITED
Total 2,172,116,090 1,180,024,370 160,713,620 - 125,386,960 - 3,638,241,040
[A] Includes payment in kind of $ 270,658,660 for 6,267 KBOE valued at market
price.
[B] Includes payment in kind of $ 111,157,140 for 2,977 KBOE valued at market
price.
[C] Includes payment in kind of $ 1,055,193,770 for 67,300 KBOE valued at
market price.
[D] Includes payment in kind of $ 735,106,520 for 16,299 KBOE valued at market
price.
[E] Includes payment in kind of $ 347,306,670 for 7,512 KBOE valued at market
price.
[F] Includes payment in kind of $ 32,501,960 for 735 KBOE valued at market
price.
[G] Includes payment in kind of $ 19,684,400 for 360 KBOE valued at market
price.
Tanzania
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 494,752 - 494,752
TANZANIA PETROLEUM
DEVELOPMENT
Total - - - - 494,752 - 494,752
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 494,752 - 494,752
BLOCK 1 & 4
Total - - - - 494,752 - 494,752
Tunisia
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - 5,001,526 - - - 5,001,526
ENTREPRISE [A]
TUNISIENNE
D'ACTIVITES
PETROLIERES
- 9,292,054 8,762,764 - - - 18,054,819
MONSIEUR LE
RECEVEUR DES
FINANCES DU LAC
Total - 9,292,054 13,764,291 - - - 23,056,345
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 6,097,904 - - - 6,097,904
HASDRUBAL [B]
CONCESSION
- 9,292,054 7,666,386 - - - 16,958,441
MISKAR CONCESSION [C]
Total - 9,292,054 13,764,291 - - - 23,056,345
[A] Includes payment in kind of $ 5,001,526 for 451 KBOE valued at market
price.
[B] Includes payment in kind of $ 3,203,111 for 407 KBOE valued at market
price.
[C] Includes payment in kind of $ 1,798,415 for 44 KBOE valued at market price.
Canada
Governments Report (in
USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- 750,136 - - 11,978,975 - 12,729,111
PROVINCIAL TREASURER OF
ALBERTA
- - 220,099 - 609,100 - 829,199
MINISTER OF FINANCE
- - 9,801,591 - 145,799 - 9,947,390
RECEIVER GENERAL FOR
CANADA
- 199,703 44,761,168 - - - 44,960,871
GOVERNMENT OF ALBERTA
- - - - 1,768,138 - 1,768,138
DUNCANS CARMON CREEK
COMMUNITY
- - - - 729,336 - 729,336
MINISTRY OF EMPLOY. AND
INVEST.
- - -180,746 - - - -180,746
ALBERTA PETROLEUM [A]
MARKETING COMMISSION
- - - - 186,838 - 186,838
MUNICIPAL DISTRICT OF
GREENVIEW
- - - - 169,069 - 169,069
MIKISEW CREE GOVERNMENT
- - - - 839,032 - 839,032
MIKISEW CREE FIRST
NATION TRUST
- - - - 2,097,480 - 2,097,480
ROYAL TRUST CORPORATION
OF CANADA - FORT MCKAY
FIRST NATION
- - - - 1,188,015 - 1,188,015
CANADA-NOVA SCOTIA
OFFSHORE
Total - 949,840 54,602,112 - 19,711,782 - 75,263,733
[A] Includes refund in kind of $ 44,309 for 54 BOE valued at government selling
price.
Canada
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 3,433,197 - 2,473,874 - 5,907,071
INSITU
- - 220,099 - 5,519,512 - 5,739,611
GROUNDBIRCH
- - 7,665,001 - - - 7,665,001
SABLE DEEPWATER
- - 32,626 [A] - 4,725,639 - 4,758,265
GREATER DEEP BASIN
- 199,703 4,796,629 - 2,699,160 - 7,695,493
FOOTHILLS
- - 38,454,559 - 3,105,582 - 41,560,140
ATHABASCA OIL SANDS
Entity level payment
- -558,093 - - - - -558,093
SHELL CANADA LIMITED
- 1,308,229 - - - - 1,308,229
BLACKROCK VENTURES INC.
- - - - 1,188,015 - 1,188,015
SHELL CANADA ENERGY
Total - 949,840 54,602,112 - 19,711,782 - 75,263,733
[A] Includes refund in kind of $ 44,309 for 54 BOE valued at government selling
price.
United States of America (USA)
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- -274,196,905 - - - - -274,196,905
INTERNAL REVENUE
SERVICE
- 13,541,715 15,748,276 - - - 29,289,991
STATE OF TEXAS
- 1,542,000 - - - - 1,542,000
PENNSYLVANIA
DEPARTMENT OF
REVENUE
- 228,970 - - - - 228,970
NYC DEPARTMENT OF
FINANCE
- - 358,903,940 - 43,719,240 - 402,623,180
OFFICE OF NATURAL
RESOURCES REVENUE
- -345,383 - - - - -345,383
STATE OF NEW JERSEY
- - 125,446 - 7,472,894 - 7,598,341
COMMONWEALTH OF
PENNSYLVANIA
- - - - 762,270 - 762,270
BOROUGH OF
WELLSBORO
- - - - 725,000 - 725,000
PA DEPARTMENT OF
TRANSPORTATION
- - - - 178,893 - 178,893
SUSQUEHANNA RIVER
BASIN COMMISSION
- - - - 213,323 - 213,323
COMMONWEALTH OF
PENNSYLVANIA - DCNR
- - - - 216,183 - 216,183
THE BOROUGH OF
ELKLAND
- - - - 1,255,641 - 1,255,641
THE UNIVERSITY OF
TEXAS SYSTEM
- - - - 3,600,400 - 3,600,400
UNIVERSITY LANDS
- - - - 203,100 - 203,100
COMMISSIONER OF THE
GENERAL LAND
- -2,308,388 - - - - -2,308,388
LOUISIANA STATE
REVENUE TAX DEPT
- 8,461,187 - - - - 8,461,187
STATE OF WYOMING
- -1,000,000 - - - - -1,000,000
LOUISIANA
DEPARTMENT OF
- - - - 243,408 - 243,408
DIRECTOR, DIVISION
OF OIL AND GAS
Total - -254,076,804 374,777,662 - 58,590,352 - 179,291,210
United States of America (USA)
Projects Report
(in USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 2,146,600 - 2,146,600
ALASKA EXPLORATION
- - - - 41,816,048 - 41,816,048
GOM EXPLORATION
- - 125,446 - 9,568,564 - 9,694,010
APPALACHIA
- 13,138,980 15,748,276 - 5,059,141 - 33,946,397
PERMIAN
- 6,152,799 874,197 - - - 7,026,995
NON CORE ASSETS
- - 110,289,173 - - - 110,289,173
GOM (WEST)
- - 247,740,570 - - - 247,740,570
GOM (CENTRAL)
- -66,354,976 - - - - -66,354,976
UNCONVENTIONAL
EMERGING BASINS
Entity level
payment
- -93,125,253 - - - - -93,125,253
SHELL OIL COMPANY
- -6,339,624 - - - - -6,339,624
SHELL FRONTIER OIL
& GAS INC.
- -208,931 - - - - -208,931
SHELL ONSHORE
VENTURES INC.
- -2,973,581 - - - - -2,973,581
SHELL GULF OF
MEXICO INC.
- -345,383 - - - - -345,383
SCOGI G.P.
- -21,348,241 - - - - -21,348,241
SWEPI LP
- -1,000,000 - - - - -1,000,000
SHELL EXPLORATION
& PRODUCTION
COMPANY
- -81,672,594 - - - - -81,672,594
SHELL OFFSHORE
INC.
Total - -254,076,804 374,777,662 - 58,590,352 - 179,291,210
Argentina
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - 1,902,153 - 1,358,129 - 3,260,282
PROVINCIA DEL NEUQUEN
- - - 5,000,000 - - 5,000,000
GAS Y PETROLEO DEL
NEUQUEN S.A.
- - 5,208,550 - - - 5,208,550
PROVINCIA DE SALTA
- 1,715,372 - - - - 1,715,372
AFIP DIRECCIÓN
GENERAL IMPOSITIVA
Total - 1,715,372 7,110,703 5,000,000 1,358,129 - 15,184,204
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 1,902,153 5,000,000 1,358,129 - 8,260,282
ARGENTINA
UNCONVENTIONAL
PROJECTS
- - 5,208,550 - - - 5,208,550
ACAMBUCO
Entity level payment
- 1,715,372 - - - - 1,715,372
O & G DEVELOPMENTS
LTD S.A.
Total - 1,715,372 7,110,703 5,000,000 1,358,129 - 15,184,204
Bolivia
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 1,211,913 - 1,211,913
NATIONAL OIL COMPANY
OF BOLIVIA
- 15,084,751 - - - - 15,084,751
INTERNAL REVENUE
SERVICES
Total - 15,084,751 - - 1,211,913 - 16,296,664
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - - - 676,270 - 676,270
HUACARETA
- - - - 535,643 - 535,643
LA VERTIENTE
Entity level payment
- 15,084,751 - - - - 15,084,751
SHELL BOLIVIA
CORPORATION
Total - 15,084,751 - - 1,211,913- - 16,296,664
Brazil
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
- - - - 2,476,344 - 2,476,344
AGENCIA NACIONAL DO
PETROLEO GAS NA
- - 560,021,003 - - - 560,021,003
MINISTERIO DA FAZENDA
Total - - 560,021,003 - 2,476,344 - 562,497,347
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
- - 22,075,321 - 827,743 - 22,903,064
BC-10
- - 13,844,232 - 371,751 - 14,215,983
BIJUPIRA & SALEMA
- - - - 256,348 - 256,348
BASIN EXPLORATION
PROJECTS
- - - - 779,034 - 779,034
BARREIRINHAS
- - 524,101,450 - - - 524,101,450
BM-S-9 AND BM-S-11
Entity level payment
- - - - 241,468 - 241,468
Shell Brasil Petroleo
Ltda
Total - - 560,021,003 - 2,476,344 - 562,497,347
Trinidad and Tobago
Governments Report
(in USD)
Governments Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
24,190,171 - 1,672,836 - 5,672,331 - 31,535,338
MINISTRY OF ENERGY
& ENERGY AFFAIRS
Total 24,190,171 - 1,672,836 - 5,672,331 - 31,535,338
Projects Report (in
USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
Projects
1,550,225 - - - - - 1,550,225
BLOCK 5A AND E
- - - - 2,329,066 - 2,329,066
BLOCK 5C, 5D AND 6D
888,686 - - - 1,354,922 - 2,243,608
BLOCK 6B
20,642,538 - - - 1,423,357 - 22,065,895
NORTH COAST MARINE
AREA 1 (NCMA1)
1,108,722 - - - - - 1,108,722
TT DEEPWATER
ATLANTIC AREA
- - 1,672,836 - 564,985 - 2,237,821
CENTRAL BLOCK
Total 24,190,171 - 1,672,836 - 5,672,331 - 31,535,338
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.
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70
Classification: Payments to governments
1 This Report is not corrected for rounding.
END
(END) Dow Jones Newswires
June 13, 2017 05:10 ET (09:10 GMT)
1 Year Shell Chart |
1 Month Shell Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
