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SCL Schlumberger Ld

45.80
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Schlumberger Ld LSE:SCL London Ordinary Share AN8068571086 COM STK US$0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 45.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Schlumberger Ld. Reports on Payments to Governments for the Year Ended 31 December 2018.

26/03/2019 3:04pm

UK Regulatory


Schlumberger Ld (LSE:SCL)
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TIDMSCL 
 
 

Schlumberger Limited is providing the following disclosure pursuant to DTR 4.3A of the UK Financial Conduct Authority's Disclosure Rules and Transparency Rules, which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the "Company") to governments for the year ended December 31, 2018 relating to "extractive industries" as defined by, and required under, the Reports on Payments to Governments Regulations 2014 (SI 2014/3209) (as amended, the "UK Regulations"). The following schedules disclose the payments made by the Company in 2018 to governments in Bolivia, Georgia, Morocco, the United Kingdom and the United States in connection with Schlumberger's extractive activities under the UK Regulations, including its operation of sand and barite mines.

 

Payments are disclosed in US Dollars. Where a payment or a series of related payments is less than the equivalent of GBP86,000 (USD $110,960)1 such payments have been excluded (in line with the UK Regulations). Payments made in currencies other than United States Dollars are converted based on the foreign exchange rate at the relevant annual average rate.

 

Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

 

Year ended December 31, 2018 (USD in thousands)

 
Bolivia 
Project 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
Barolivia          22.2     106.4       3.8       0              0        0               0            132.4 
Mine 
(Barite) 
2018 Total         22.2     106.4       3.8       0              0        0               0          $ 132.4 
Government 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
La                 22.2     0           0         0              0        0               0            22.2 
Autoridad 
Jurisdiccional 
Administrativa 
Minera 
(AJAM) 
Servicio           0        106.4       0         0              0        0               0            106.4 
Nacional 
de Registro 
Y 
Control 
de 
la 
Comercialización 
de 
Minerals 
y Metales 
(SENARECOM) 
Gobierno           0        0           3.8       0              0        0               0            3.8 
Autonomo 
Municipal 
de Oruro 
(GAMO) 
2018 Total         22.2     106.4       3.8       0              0        0               0          $ 132.4 
Georgia 
Project 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
Rustaveli          0        0           173       3,196(a)       0        0               0            3,369 
2018 Total         0        0           173       3,196          0        0               0          $ 3,369 
Government 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
Georgian           0        0           128       3,196          0        0               0            3,324 
Oil and 
Gas 
Corporation 
Ministry of                 0           45        0              0        0               0            45 
Finance 
2018 Total         0        0           72        3,196          0        0               0          $ 3,369 
(a) 
Represents 
payment 
in kind of 
55,857 
barrels 
(bbls) 
of crude 
oil. 
Morocco 
Project 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
COMABAR            1,885.2  0           0         0              0        0               3,316.4      5,201.6 
(Barite) 
2018 Total         1,885.2  0           0         0              0        0               3,316.4    $ 5,201.6 
Government 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
General            1,885.2  0           0         0              0        0               0            1,885.2 
Tax 
Administration 
Office             0        0           0         0              0        0               3,316.4      3,316.4 
National 
des 
Hydrocarbures 
et des 
Mines 
(ONHYM) 
2018 Total         1,885.2  0           0         0              0        0               3,316.4    $ 5,201.6 
United 
Kingdom 
Project 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
Foss Mine          29.0     133.8       6.2       0              0        0               0            169.0 
(Barite) 
Duntanlich         23.4     0           126.2     0              0        0               0            149.5 
(Barite) 
2018 Total         52.3     133.8       132.3     0              0        0               0          $ 318.5 
Government 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements   Bonuses  Improvements    Dividends  Total3 
Forestry           0        133.8       126.2     0              0        0               0            260.0 
Commission 
of Scotland 
Scottish           0        0           6.2       0              0        0               0            6.2 
Environment 
Protection 
Agency 
(SEPA) 
HM Revenue         23.4     0           0         0              0        0               0            23.4 
and 
Customs 
Perth              28.9     0           0         0              0        0               0            28.9 
& Kinross 
Council 
2018 Total         52.3     133.8       132.3     0              0        0               0          $ 318.5 
United 
States 
Project 
Report 
                                        Licenses  Production     Bonues   Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements2  Bonuses  Improvements    Dividends  Total3 
Alma Mine          346.7    0           4.2       0              0        0               0            350.9 
(Frac 
Sand) 
Greybull           1,601.1  248.2       9.2       123.3          0        0               0            1,981.8 
Mine 
(Bentonite) 
Hixton Mine        461.8    0           42.1      0              0        25.4            0            529.3 
(Frac 
Sand) 
Greystone          362.2    97.5        17.0      0              0        0               0            476.7 
Mine 
(Barite) 
Kermit Mine        134.7    0           17.2      0              0        0               0            151.9 
(Frac 
Sand) 
Monahans           57.3     0           34.5      0              0        1,002.0         0            1,093.8 
Mine 
(Frac Sand) 
2018 Total         2963.8   345.7       124.2     123.3          0        1027.4          0          $ 4,584.6 
Government 
Report 
                                        Licenses  Production              Infrastructure 
                   Taxes    Royalties2  and Fees  Entitlements2  Bonuses  Improvements    Dividends  Total3 
Jackson            201.7    0           10.4      0              0        0               0            212.1 
County 
Mine Safety        0        0           4.5       0              0        0               0            4.5 
and Health 
Administration 
Alma Town          24.8     0           0         0              0        0               0            24.8 
Mentor Town        312.3    0           0         0              0        0               0            312.3 
Curran Town        269.7    0           35.0      0              0        25.3            0            330.0 
Ward County        57.3     0           0         0              0        0               0            57.3 
Texas              0        0           49.0      0              0        0               0            49.0 
Commission 
Environmental 
Quality 
(TCEQ) 
Texas              0        0           0         0              0        1,002.0         0            1,002.0 
Department 
of 
Transportation 
Winkler            134.7    0           0         0              0        0               0            134.7 
County 
Lander             40.2     97.5        0.3       0              0        0               0            138.0 
County 
State of           322.2    0           7.0       0              0        0               0            329.2 
Nevada 
Air Quality        0        0           3.2       0              0        0               0            3.2 
Division 
of Wyoming 
Big Horn           909.4    0           0         0.4            0        0               0            909.8 
County 
Bureau of          0        0           9.6       122.2          0        0               0            131.8 
Land 
Management 
Office of          0        248.2       4.6       0.6            0        0               0            253.4 
State 
Lands and 
Investments 
of Wyoming 
Solid              0        0           0.2       0              0        0               0            0.2 
and 
Hazardous 
Wastes 
Department 
of Wyoming 
State of           691.7    0           0         0              0        0               0            691.7 
Wyoming 
United             0        0           0.1       0              0        0               0            0.1 
States 
Department 
of 
Agriculture 
Washakie           0        0           0         0.1            0        0.1             0            0.2 
County 
Water              0        0           0.3       0              0        0               0            0.3 
Quality 
Division 
of Wyoming 
2018 Total         2,964.0  345.7       124.2     123.3          0        1027.4          0          $ 4,584.6 
 
 
Notes: 
         1.  Payments made in local currencies are translated 
             at the average  exchange rate 
             for the year. Conversion of GBP to USD 
             based on a rate  of GBP1 = $1.35197. 
         2.  Royalty payments and production entitlements are paid in 
             cash,  except where noted. The value of production 
             entitlements made in  kind are calculated with reference 
             to market rates at the time of  payment. 
         3.  Totals do not add exactly due to rounding. 
 
 

About Schlumberger

 

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

 

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $32.82 billion in 2018. For more information, visit www.slb.com.

 

Schlumberger Limitedwww.slb.com

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20190326005696/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

March 26, 2019 11:04 ET (15:04 GMT)

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