TIDMRDSA TIDMRDSA TIDMRDSB
REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2017
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 2017 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 GOVERNMENTS FOR THE YEAR 2017
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, 2017, 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.
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 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 2017 [1]
[1] This Report is not corrected for rounding. GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
COUNTRIES
EUROPE
Bulgaria - - - - 155,239 - 155,239
Denmark - 195,328,114 - - - - 195,328,114
Germany - -18,168,575 - - - - -18,168,575
Ireland - - - - 714,370 2,515,625 3,229,995
Italy - 2,573,137 30,071,516 - - - 32,644,653
Norway 2,646,006,154 775,843,472 - - 3,727,565 - 3,425,577,190
United - 87,957,190 - - 7,524,254 - 95,481,445
Kingdom
ASIA
Brunei - - - - 1,764,887 - 1,764,887
Darussalam
China 2,559,383 - - - - - 2,559,383
India 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
Iraq 3,360,492,884 30,151,344 - - - - 3,390,644,228
Kazakhstan - 214,004,779 - - - - 214,004,779
Malaysia 3,232,280,895 190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
Oman - 1,618,577,938 - - - - 1,618,577,938
Philippines 396,989,625 81,150,797 - - - - 478,140,422
Qatar 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
Thailand - 66,220,587 91,670,335 - - - 157,890,922
OCEANIA
Australia - 206,732,575 115,507,731 - 17,346,366 5,769,116 345,355,788
New Zealand - 44,412,263 34,840,002 - 149,768 - 79,402,033
Africa
Egypt - 116,328,138 - 18,000,027 - - 134,328,164
Gabon 149,660,679 - 52,105,017 - 2,879,249 7,396,504 212,041,449
Nigeria 3,197,530,557 765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
Tunisia - 118,146,825 26,459,240 - - - 144,606,065
NORTH AMERICA
Canada - -148,710 131,021,043 - 11,190,899 - 142,063,232
USA - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
SOUTH AMERICA
Argentina - 1,033,863 11,900,805 - 518,468 - 13,453,136
Bolivia - - - - 1,615,764 - 1,615,764
Brazil 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
Trinidad 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
and Tobago
Total 13,598,853,815 4,887,730,860 3,428,921,506 127,965,358 349,368,293 15,681,245 22,408,521,077
BULGARIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
MINISTRY OF - - - - 155,239 - 155,239
ENERGY OF
THE
REPUBLIC OF
BULGARIA
Total - - - - 155,239 - 155,239
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
SILISTAR - - - - 155,239 - 155,239
Total - - - - 155,239 - 155,239
DENMARK
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
TAX - 195,328,114 - - - - 195,328,114
AUTHORITIES
Total - 195,328,114 - - - - 195,328,114
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
ENTITY LEVEL PAYMENT
SHELL - 1,403,656 - - - - 1,403,656
OLIE-OG
GASUDVINDING
DANMARK
PIPELINES
ApS
SHELL - 193,924,458 - - - - 193,924,458
OLIE-OG
GASUDVINDING
DANMARK B.V.
Total - 195,328,114 - - - - 195,328,114
GERMANY
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
TAX - -18,168,575 - - - - -18,168,575
AUTHORITIES
HAMBURG
Total - -18,168,575 - - - - -18,168,575
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
ENTITY LEVEL PAYMENT
DEUTSCHE - -18,168,575 - - - - -18,168,575
SHELL
HOLDING
GmbH
Total - -18,168,575 - - - - -18,168,575
IRELAND
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
DEPARTMENT OF - - - - 130,659 - 130,659
COMMUNICATIONS
MAYO COUNTY - - - - - 2,515,625 2,515,625
COUNCIL
COMMISSION FOR - - - - 583,711 - 583,711
ENERGY
REGULATION
Total - - - - 714,370 2,515,625 3,229,995
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
CORRIB PROJECT - - - - 714,370 2,515,625 3,229,995
Total - - - - 714,370 2,515,625 3,229,995
ITALY
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
BASILICATA REGION (VDA) 18,131,737 18,131,737
CALVELLO - - 516,144 - - - 516,144
MUNICIPALITY
GRUMENTO - - 221,205 - - - 221,205
NOVA
MUNICIPALITY
MARSICO - - 221,205 - - - 221,205
NUOVO
MUNICIPALITY
TESSORERIA - 2,573,137 8,953,517 - - - 11,526,654
PROVINICIALE
DELLO STATO
VIGGIANO - - 2,027,708 - - - 2,027,708
MUNICIPALITY
Total - 2,573,137 30,071,516 - - - 32,644,653
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
ITALY - - 30,071,516 - - - 30,071,516
UPSTREAM
ASSET
ENTITY LEVEL PAYMENT
SHELL ITALIA - 2,573,137 - - - - 2,573,137
E&P SpA
Total - 2,573,137 30,071,516 - - - 32,644,653
NORWAY
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
STATOIL ASA 989,272,947 [A] - - - - - 989,272,947
OLJEDIREKTORATET - - - - 3,309,047 - 3,309,047
DIREKTORATET FOR - - - - 418,518 - 418,518
SAMFUNNSSIKKERHET
PETORO AS 1,656,733,207 - - - - - 1,656,733,207
[B]
SKATTE OG - 773,686,372 - - - - 773,686,372
AVGIFTSREGNSKAP
SKATTEOPPKREVEREN - 2,157,099 - - - - 2,157,099
I SOLA
Total 2,646,006,154 775,843,472 - - 3,727,565 - 3,425,577,190
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
ORMEN LANGE AND 2,646,006,154 - - - 2,130,000 - 2,648,136,153
DRAUGEN [C]
NORWAY - - - - 1,427,433 - 1,427,433
EXPLORATION
PROJECTS
ENTITY LEVEL PAYMENT
A/S NORSKE SHELL - 775,843,472 - - 170,132 - 776,013,604
Total 2,646,006,154 775,843,472 - - 3,727,565 - 3,425,577,190
[A] Includes payment in kind of $ 989,272,947 for 26,652 KBOE valued at market
price.
[B] Includes payment in kind of $ 1,656,733,207 for 42,620 KBOE valued at
market price.
[C] Includes payment in kind of $ 2,646,006,154 for 69,272 KBOE valued at
market price
UNITED KINGDOM
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
DEPARTMENT OF - - - - 2,056,473 - 2,056,473
ENERGY AND
CLIMATE
OIL AND GAS - - - - 5,467,781 - 5,467,781
AUTHORITY
HM REVENUE - 87,957,190 - - - - 87,957,190
AND CUSTOMS
Total - 87,957,190 - - 7,524,254 - 95,481,445
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
ONEGAS WEST - - - - 1,129,134 - 1,129,134
UK OFFSHORE - -5,040,137 - - 1,573,507 - -3,466,630
OPERATED
UK OFFSHORE - - - - 287,439 - 287,439
NON-OPERATED
BRENT AND - -95,927,626 - - 257,500 - -95,670,126
OTHER
NORTHERN
NORTH SEA
PROJECTS
UK - - - - 972,561 - 972,561
EXPLORATIONS
PROJECTS
ENTITY LEVEL PAYMENT
SHELL U.K. - 11,532,163 - - 3,304,114 - 14,836,276
LIMITED
BG - 57,767,778 - - - - 57,767,778
INTERNATIONAL
LIMITED
BG - 33,411,992 - - - - 33,411,992
INTERNATIONAL
(CNS) LIMITED
BG GLOBAL - 86,213,021 - - - - 86,213,021
ENERGY
LIMITED
Total - 87,957,190 - - 7,524,254 - 95,481,445
BRUNEI DARUSSALAM
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
GOVERNMENT - - - - 1,464,887 - 1,464,887
OF BRUNEI
DARUSSALAM
BRUNEI - - - - 300,000 - 300,000
NATIONAL
PETROLEUM
COMPANY
Total - - - - 1,764,887 - 1,764,887
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
BRUNEI - - - - 1,764,887 - 1,764,887
OFFSHORE
BLOCKS
Total - - - - 1,764,887 - 1,764,887
CHINA
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
CHINA NATIONAL 2,559,383 [A] - - - - - 2,559,383
PETROLEUM
CORPORATION
Total 2,559,383 - - - - - 2,559,383
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
CHANGBEI 2,029,385 [B] - - - - - 2,029,385
JINQIU+FUSHUN+ZITONG 529,999 [C] - - - - - 529,999
Total 2,559,383 - - - - - 2,559,383
[A] Includes payment in kind of $ 2,559,383 for 87 KBOE valued at government
selling price.
[B] Includes payment in kind of $ 2,029,385 for 67 KBOE valued at government
selling price.
[C] Includes payment in kind of $ 529,999 for 20 KBOE valued at government
selling price
INDIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
OIL AND 257,714,625 - - 7,500,000 - - 265,214,625
NATURAL GAS [A]
CORP. LTD.
PAY AND 32,472,510 - 38,006,132 - - - 70,478,643
ACCOUNTS
OFFICER,
MINISTRY OF
PETROLEUM
AND NATURAL
GAS
CENTRAL - - 9,891,129 - - - 9,891,129
BOARD OF
EXCISE AND
CUSTOMS
INCOME TAX - 25,775,793 - - - - 25,775,793
DEPARTMENT
Total 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
PANNA MUKTA 290,187,136 - 47,897,261 7,500,000 - - 345,584,397
[B]
ENTITY LEVEL PAYMENT
BG - 25,775,793 - - - - 25,775,793
EXPLORATION
AND
PRODUCTION
INDIA
LIMITED
Total 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
[A] Includes payment in kind of $ 257,714,625 for 6,187 KBOE valued at market
price.
[B] Includes payment in kind of $ 257,714,625 for 6,187 KBOE valued at market
price.
IRAQ
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
SOUTH OIL 3,360,492,884 30,151,344 - - - - 3,390,644,228
COMPANY [A] [B]
Total 3,360,492,884 30,151,344 - - - - 3,390,644,228
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
MAJNOON 3,360,492,884 17,178,899 - - - - 3,377,671,783
[C] [D]
WEST QURNA - 12,972,445 - - - - 12,972,445
[E]
Total 3,360,492,884 30,151,344 - - - - 3,390,644,228
[A] Includes payment in kind of $ 3,360,492,884 for 68,430 KBOE valued at
market price.
[B] Includes payment in kind of $ 30,151,344 for 665 KBOE valued at market
price.
[C] Includes payment in kind of $ 3,360,492,884 for 68,430 KBOE valued at
market price.
[D] Includes payment in kind of $ 17,178,899 for 364 KBOE valued at market
price.
[E] Includes payment in kind of $ 12,972,445 for 302 KBOE valued at market
price.
KAZAKHSTAN
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
WEST - 214,004,779 - - - - 214,004,779
KAZAKHSTAN
TAX
COMMITTEE
Total - 214,004,779 - - - - 214,004,779
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
KARACHAGANAK - 214,004,779 - - - - 214,004,779
Total - 214,004,779 - - - - 214,004,779
MALAYSIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
PETROLIAM 1,909,083,412 - 45,433,382 - 35,000,000 - 1,989,516,794
NASIONAL [A]
BERHAD
MALAYSIA - - 649,877,734 - - - 649,877,734
FEDERAL [B]
AND STATE
GOVERNMENT
PETRONAS 1,323,197,484 -760,491 - - - - 1,322,436,993
CARIGALI [C]
SDN BHD
(KL)
KETUA - 191,230,696 - - - - 191,230,696
PENGARAH
HASIL
DALAM
NEGERI
Total 3,232,280,895 190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
[A] Includes payment in kind of $ 927,582,239 for 59,574 KBOE valued at fixed
price and $ 981,501,173 for 17,278 KBOE valued at market price.
[B] Includes payment in kind of $ 230,436,829 for 14,819 KBOE valued at fixed
price and $ 419,440,905 for 7,227 KBOE valued at market price.
[C] Includes payment in kind of $ 546,542,142 for 34,824 KBOE valued at fixed
price and $ 776,655,342 for 13,295 KBOE valued at market price.
MALAYSIA PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
SABAH 1,353,884,905 119,793,775 372,351,270 - - - 1,846,029,950
INBOARD [A] [B]
AND
DEEPWATER
OIL
SARAWAK 1,878,395,990 61,890,567 321,032,287 - 35,000,000 - 2,296,318,843
OIL AND [C] [D]
GAS
SABAH GAS - 5,907,495 1,927,559 - - - 7,835,054
- NOT
OPERATED
ENTITY LEVEL PAYMENT
SABAH - 199,406 - - - - 199,406
SHELL
PETROLEUM
COMPANY
LIMITED
SHELL OIL - 331,832 - - - - 331,832
AND GAS
(MALAYSIA)
LLC
SARAWAK - 1,043,629 - - - - 1,043,629
SHELL
BERHAD
SHELL - 1,037,355 - - - - 1,037,355
SABAH
SELATAN
SDN. BHD.
SHELL - 266,145 - - - - 266,145
ENERGY
ASIA
LIMITED
Total 3,232,280,895 190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
[A] Includes payment in kind of $ 1,353,884,905 for 23,033 KBOE valued at
market price.
[B] Includes payment in kind of $ 357,983,526 for 6,083 KBOE valued at market
price.
[C] Includes payment in kind of $ 1,474,124,381 for 94,398 KBOE valued at fixed
price and $ 404,271,609 for 7,540 KBOE valued at market price.
[D] Includes payment in kind of $ 230,436,829 for 14,819 KBOE valued at fixed
price and $ 61,457,379 for 1,144 KBOE valued at market price.
OMAN
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
OMAN - - 1,618,577,938 - - - - 1,618,577,938
MINISTRY [A]
OF FINANCE
Total - 1,618,577,938 - - - - 1,618,577,938
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
BLOCK 6 - 1,596,015,439 - - - - 1,596,015,439
CONCESSION
MUKHAIZNA - 22,562,499 [B] - - - - 22,562,499
PSC
Total - 1,618,577,938 - - - - 1,618,577,938
[A] Includes payment in kind of $ 22,562,499 for 470 KBOE valued at government
selling price.
[B] Includes payment in kind of $ 22,562,499 for 470 KBOE valued at government
selling price.
PHILIPPINES
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
PNOC 75,440,431 - - - - - 75,440,431
EXPLORATION
CORPORATION
BUREAU OF - 81,150,797 - - - - 81,150,797
INTERNAL
REVENUE
DEPARTMENT 321,549,194 - - - - - 321,549,194
OF ENERGY
Total 396,989,625 81,150,797 - - - - 478,140,422
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
SC 38 396,989,625 81,150,797 - - - - 478,140,422
MALAMPAYA
GAS
Total 396,989,625 81,150,797 - - - - 478,140,422
QATAR
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
RAS LAFFAN - - - - 40,410,272 - 40,410,272
INDUSTRIAL
CITY
QATAR 292,184,961 446,408,467 - - - - 738,593,428
PETROLEUM
Total 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
PEARL GTL 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
Total 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
THAILAND
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
DEPARTMENT - - 61,965,776 - - - 61,965,776
OF MINERAL
FUELS
REVENUE - 66,220,587 - - - - 66,220,587
DEPARTMENT
MINISTRY OF - - 29,704,559 - - - 29,704,559
ENERGY
Total - 66,220,587 91,670,335 - - - 157,890,922
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
BONGKOT - 66,220,587 91,670,335 - - - 157,890,922
Total - 66,220,587 91,670,335 - - - 157,890,922
AUSTRALIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
DEPARTMENT - - 112,759,091 - 335,418 - 113,091,509
OF INDUSTRY
AUSTRALIAN - 206,732,575 - - - - 206,732,575
TAXATION
OFFICE
BANANA - - - - 128,287 - 128,287
SHIRE
COUNCIL
WESTERN - - - - 13,413,908 5,769,116 19,183,024
DOWNS
REGIONAL
COUNCIL
OFFICE OF - - 2,751,640 - - - 2,751,640
STATE
REVENUE
DEPARTMENT - - - - 2,450,885 - 2,450,885
OF NATURAL
RESOURCES
AND MINES
DEPARTMENT - - - - 1,017,868 - 1,017,868
OF
ENVIRONMENT
AND
HERITAGE
Total - 206,732,575 115,507,731 - 17,346,366 5,769,116 345,355,788
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
PRELUDE - - - - 114,511 - 114,511
NORTH WEST - - 112,756,091 - - - 112,756,091
SHELF
AUSTRALIA - - - - 220,907 - 220,907
EXPLORATION
PROJECTS
QGC PROJECT - - 2,751,640 - 17,010,948 5,769,116 25,531,704
ENTITY LEVEL PAYMENT
SHELL - 1,036,872 - - - - 1,036,872
AUSTRALIA
PTY LTD
SHELL - 205,695,703 - - - - 205,695,703
ENERGY
HOLDINGS
AUSTRALIA
LIMITED
Total - 206,732,575 115,507,731 - 17,346,366 5,769,116 345,355,788
NEW ZEALAND
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
MINISTRY OF - - 34,840,002 - 149,768 - 34,989,770
BUSINESS,
INNOVATION
AND
EMPLOYMENT
INLAND - 44,412,263 - - - - 44,412,263
REVENUE
DEPARTMENT
Total - 44,412,263 34,840,002 - 149,768 - 79,402,033
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
POHOKURA - - 33,339,732 - - - 33,339,732
MAUI - - 1,500,270 - - - 1,500,270
ENTITY LEVEL PAYMENT
SHELL NEW - 44,412,263 - - 149,768 - 44,562,031
ZEALAND
(2011)
LIMITED
Total - 44,412,263 34,840,002 - 149,768 - 79,402,033
EGYPT
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
EGYPTIAN - 116,328,138 - 18,000,027 - - 134,328,164
GENERAL
PETROLEUM
COMPANY
Total - 116,328,138 - 18,000,027 - - 134,328,164
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
EGYPT - 3,233,480 - - - - 3,233,480
OFFSHORE
EXPLORATION
BADR EL-DIN - 55,637,061 - - - - 55,637,061
(BED)
NORTH EAST - 15,883,091 - - - - 15,883,091
ABU
GHARADIG
(NEAG)
OBAIYED - 41,574,506 - - - - 41,574,506
NORTH - - - 18,000,027 - - 18,000,027
UMBARAKA
Total - 116,328,138 - 18,000,027 - - 134,328,164
GABON
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
TRESORIER 470,790 - 52,105,017 - 2,879,249 - 55,455,056
PAY.GEN. DU
GABON
GABON OIL 149,189,889 - - - - - 149,189,889
COMPANY [A]
COMMUNE DE - - - - - 7,396,504 7,396,504
GAMBA.
Total 149,660,679 - 52,105,017 - 2,879,249 7,396,504 212,041,449
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
GABON - - - - 118,468 - 118,468
EXPLORATION
GABON NORTH 95,444,008 [B] - 25,236,659 - 1,843,880 - 122,524,547
EAST
GABON 53,411,166 [C] - 15,938,375 - 626,015 - 69,975,556
CENTRAL
GABON SOUTH 805,505 [D] - 10,929,983 - 290,886 7,396,504 19,422,877
Total 149,660,679 - 52,105,017 - 2,879,249 7,396,504 212,041,449
A] Includes payment in kind of $ 149,189,889 for 2,914 KBOE valued at market
price.
[B] Includes payment in kind of $ 95,444,008 for 1,866 KBOE valued at market
price.
[C] Includes payment in kind of $ 53,411,166 for 1,042 KBOE valued at market
price.
[D] Includes payment in kind of $ 334,715 for 7 KBOE valued at market price.
NIGERIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
NIGERIAN 3,197,530,557 - - - - - 3,197,530,557
NATIONAL [A]
PETROLEUM
CORPORATION
NIGER DELTA - - - - 79,675,241 - 79,675,241
DEVELOPMENT
COMMISSION
DEPARTMENT - - 245,769,306 - 34,241,090 - 280,010,396
OF [B]
PETROLEUM
RESOURCES
FEDERAL - 765,526,389 - - - - 765,526,389
INLAND [C]
REVENUE
SERVICE
Total 3,197,530,557 765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
[A] Includes payment in kind of $ 3,197,530,557 for 111,155 KBOE valued at
market price.
[B] Includes payment in kind of $ 34,847,300 for 627 KBOE valued at market
price.
[C] Includes payment in kind of $ 605,889,970 for 11,055 KBOE valued at market
price.
NIGERIA PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
SPDC 273,747,172 [A] - - - - - 273,747,172
SHALLOW
WATER
SPDC WEST 577,527,685 [B] - - - - - 577,527,685
SPDC EAST 1,413,062,569 - - - - - 1,413,062,569
[C]
PSC 1993 933,193,130 [D] 415,978,890 34,847,300 - - - 1,384,019,320
(OPL212/ [E] [F]
OML118,
OPL219/
OML135)
PSC 1993 - 189,911,080 - - - - 189,911,080
(OPL209) [G]
ENTITY LEVEL PAYMENT
THE SHELL - 159,636,419 210,922,006 - 113,916,331 - 484,474,756
PETROLEUM
DEVELOPMENT
COMPANY OF
NIGERIA
LIMITED
Total 3,197,530,557 765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
[A] Includes payment in kind of $ 273,747,172 for 5,129 KBOE valued at market
price.
[B] Includes payment in kind of $ 577,527,685 for 10,541 KBOE valued at market
price.
[C] Includes payment in kind of $ 1,413,062,569 for 78,815 KBOE valued at
market price.
[D] Includes payment in kind of $ 933,193,130 for 16,670 KBOE valued at market
price.
[E] Includes payment in kind of $ 415,978,890 for 7,590 KBOE valued at market
price.
[F] Includes payment in kind of $ 34,847,300 for 627 KBOE valued at market
price.
[G] Includes payment in kind of $ 189,911,080 for 3,464 KBOE valued at market
price.
TUNISIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
ENTREPRISE - - 7,428,428 [A] - - - 7,428,428
TUNISIENNE
D'ACTIVITES
PETROLIERES
MONSIEUR LE - 118,146,825 19,030,812 - - - 137,177,637
RECEVEUR
DES
FINANCES DU
LAC
Total - 118,146,825 26,459,240 - - - 144,606,065
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
HASDRUBAL - 25,055,429 6,575,929 [B] - - - 31,631,358
CONCESSION
MISKAR - 93,091,396 19,883,311 - - - 112,974,708
CONCESSION [C]
Total - 118,146,825 26,459,240 - - - 144,606,065
[A] Includes payment in kind of $ 7,428,428 for 200 KBOE valued at market
price.
[B] Includes payment in kind of $ 5,353,995 for 142 KBOE valued at market
price.
[C] Includes payment in kind of $ 2,074,433 for 58 KBOE valued at market price.
CANADA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
PROVINCIAL - -148,710 - - 4,900,621 - 4,751,911
TREASURER
OF ALBERTA
RECEIVER - - 5,173,144 - 162,193 - 5,335,338
GENERAL FOR
CANADA
CANADA-NOVA - - - - 668,582 - 668,582
SCOTIA
OFFSHORE
PETROLEUM
BOARD
GOVERNMENT - - 120,152,686 - - - 120,152,686
OF ALBERTA
MINISTRY OF - - - - 796,557 - 796,557
EMPLOYMENT
AND
INVESTMENT
MINISTER OF - - 4,449,867 - 664,892 - 5,114,759
FINANCE
(BC)
ALBERTA - - 1,245,345 - - - 1,245,345
PETROLEUM
MARKETING
COMMISSION
MUNICIPAL - - - - 1,016,189 - 1,016,189
DISTRICT OF
GREENVIEW
MIKISEW - - - - 130,361 - 130,361
CREE
GOVERNMENT
MIKISEW - - - - 814,755 - 814,755
CREE FIRST
NATION
TRUST
ROYAL TRUST - - - - 2,036,749 - 2,036,749
CORPORATION
OF CANADA -
FORT MCKAY
FIRST
NATION
Total - -148,710 131,021,043 - 11,190,899 - 142,063,232
CANADA PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
INSITU - - 7,428,834 - 535,023 - 7,963,857
SABLE - - 2,408,679 - 173,833 - 2,582,512
DEEPWATER
GROUNDBIRCH - - 4,449,867 - 1,350,509 - 5,800,376
GREATER - - 7,142,975 - 3,944,887 - 11,087,862
DEEP BASIN
FOOTHILLS - - 7,415,552 - 594,957 - 8,010,510
ATHABASCA - - 102,175,135 - 3,555,231 - 105,730,367
OIL SANDS
ENTITY LEVEL PAYMENT
SHELL - -148,710 - - - - -148,710
CANADA
LIMITED
SHELL - - - - 1,036,458 - 1,036,458
CANADA
ENERGY
Total - -148,710 131,021,043 - 11,190,899 - 142,063,232
UNITED STATES OF AMERICA (USA)
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
INTERNAL - -124,780,064 - - - - -124,780,064
REVENUE
SERVICE
COMMONWEALTH - - - - 7,468,989 - 7,468,989
OF
PENNSYLVANIA
PA - - 149,234 - - - 149,234
DEPARTMENT
OF
CONSERVATION
ANDNATURAL
RESOURCES
STATE OF - 27,399,389 28,190,317 - 724,950 - 56,314,656
TEXAS
TEXAS - - - - 2,070,266 - 2,070,266
GENERAL LAND
OFFICE
THE - - - - 1,765,668 - 1,765,668
UNIVERSITY
OF TEXAS
SYSTEM
STATE OF - -523,054 - - - - -523,054
LOUISIANA
DIRECTOR, - - - - 243,408 - 243,408
DIVISION OF
OIL AND GAS
OFFICE OF - - 450,119,403 - 88,876,595 - 538,995,998
NATURAL
RESOURCES
REVENUE
Total - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
UNITED STATES OF AMERICA (USA) PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
APPALACHIA - - 149,234 - 7,468,989 - 7,618,222
PERMIAN - 27,399,389 28,190,317 - 4,560,883 - 60,150,590
NON-CORE - -173,054 - - - - -173,054
ASSETS
ALASKA - - - - 243,408 - 243,408
EXPLORATION
GOM (WEST) - - 113,147,794 - , - 113,147,794
GOM - - 336,813,209 - , - 336,813,209
(CENTRAL)
GOM - - 158,400 - 88,876,595 - 89,034,995
EXPLORATION
ENTITY LEVEL PAYMENT
SHELL - -2,897,863 - - - - -2,897,863
FRONTIER
OIL AND GAS
INC.
SHELL - -1,826,280 - - - - -1,826,280
ONSHORE
VENTURES
INC.
SWEPI LP - -20,015,047 - - - - -20,015,047
SHELL - -350,000 - - - - -350,000
EXPLORATION
AND
PRODUCTION
COMPANY
SHELL - -100,040,874 - - - - -100,040,874
OFFSHORE
INC.
Total - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
ARGENTINA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
PROVINCIA DEL - - 6,600,083 - 299,392 - 6,899,475
NEUQUEN
GAS Y PETROLEO - - - - 219,076 - 219,076
DEL NEUQUEN
S.A.
PROVINCIA DE - - 5,300,723 - - - 5,300,723
SALTA
AFIP DIRECCIÓN - 1,033,863 - - - - 1,033,863
GENERAL
IMPOSITIVA
Total - 1,033,863 11,900,805 - 518,468 - 13,453,136
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
ARGENTINA - - 6,600,083 - 518,468 - 7,118,550
UNCONVENTIONAL
PROJECTS
ACAMBUCO - - 5,300,723 - - - 5,300,723
ENTITY LEVEL PAYMENT
O & G - 1,033,863 - - - - 1,033,863
DEVELOPMENTS
LTD S.A.
Total - 1,033,863 11,900,805 - 518,468 - 13,453,136
BOLIVIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
NATIONAL - - - - 1,615,764 - 1,615,764
OIL COMPANY
OF BOLIVIA
Total - - - - 1,615,764 - 1,615,764
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
HUACARETA - - - - 1,064,999 - 1,064,999
LA - - - - 550,764 - 550,764
VERTIENTE
Total - - - - 1,615,764 - 1,615,764
BRAZIL
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
MINISTERIO - - 1,463,568,826 102,465,331 2,839,161 - 1,568,873,319
DA FAZA
PRÉ-SAL 646,465 [A] - - - - - 646,465
PETRÓLEO SA
Total 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
BC-10 - - 35,127,489 - 1,059,888 - 36,187,378
BIJUPIRA AND - - 18,054,263 - 424,776 - 18,479,039
SALEMA
BASIN - - - 83,975,347 297,665 - 84,273,012
EXPLORATION
PROJECTS
BM-S-9, - - 1,410,197,441 18,489,985 - - 1,428,687,426
BM-S-9A,
BM-S-11,
BM-S-11A and
Entorno de
Sapinhoá
BARREIRINHAS - - - - 1,056,832 - 1,056,832
LIBRA PSC 646,465 [B] - 189,633 - - - 836,098
Total 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
[A] Includes payments in kind of $ 646,465 for 12 KBOE valued at Market price.
[B] Includes payments in kind of $ 646,465 for 12 KBOE valued at Market price.
TRINIDAD AND TOBAGO
OVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
MINISTRY OF 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
ENERGY AND
ENERGY
AFFAIRS
Total 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
NORTH COAST 27,668,794 17,310,000 - - 4,511,997 - 49,490,791
MARINE AREA
1 (NCMA1)
BLOCK 6B 1,221,574 - - - - - 1,221,574
CENTRAL - - 4,340,353 - 599,176 - 4,939,528
BLOCK
BLOCK 5A 1,424,709 - - - 1,330,218 - 2,754,927
AND E
BLOCK 5C, - - - - 2,024,436 - 2,024,436
5D AND 6D
Total 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
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
END
(END) Dow Jones Newswires
April 09, 2018 06:26 ET (10:26 GMT)
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