TIDMRDSA TIDMRDSB
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 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 Governments
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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
Tobago 76,970,053 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
KHAN KUBRAT - - - - 158,423 - 158,423
Total - - - - 158,423 - 158,423
Denmark
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
TAX AUTHORITIES - 240,634,144 - - - - 240,634,144
Total - 240,634,144 - - - - 240,634,144
PROJECT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
TAX
AUTHORITIES
HAMBURG - -409,012 - - - - -409,012
Total - -409,012 - - - - -409,012
PROJECT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
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
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
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
Norway
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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
Total - -116,563,817 - - 6,543,056 - -110,020,761
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
CENTRAL BOARD OF EXCISE AND CUSTOMS - - 6,262,517 - - - 6,262,517
INCOME TAX DEPARTMENT - 20,469,494 - - - - 20,469,494
OIL AND NATURAL GAS CORPORATION LTD. 208,342,808[A] - - - - - 208,342,808
PAY AND ACCOUNTS OFFICER,
MINISTRY OF PETROLEUM AND NATURAL GAS 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
WEST
KAZAKHSTAN
TAX
COMMITTEE - 204,871,617 - - - - 204,871,617
Total - 204,871,617 - - - - 204,871,617
Show
PROJECT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
KARACHAGANAK - 204,871,617 - - - - 204,871,617
Total - 204,871,617 - - - - 204,871,617
Malaysia
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
KETUA PENGARAH
HASIL DALAM
NEGERI - 312,151,913 - - - - 312,151,913
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)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
QATAR
PETROLEUM 493,208,027 681,694,760 - 5,000,000 - - 1,179,902,787
RAS LAFFAN
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
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
AUSTRALIA
GOVERNMENT REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
NORTH WEST
SHELF - - 123,155,669 - - - 123,155,669
QGC PROJECT - - 35,797,880 - 13,736,277 1,756,836 51,290,992
ENTITY LEVEL
PAYMENT
SHELL
AUSTRALIA
PTY LTD - 1,265,077 - - - - 1,265,077
Total - 1,265,077 158,953,548 - 13,736,277 1,756,836 175,711,738
Egypt
GOVERNMENT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
BADR EL-DIN
(BED) - 38,601,220 - 10,000,000 - - 48,601,220
NORTH EAST
ABU
GHARADIG
(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 - - - 27,000,000 - - 27,000,000
SOUTH EAST
HORUS - - - 23,000,000 - - 23,000,000
WEST EL
FAYOUM - - - 1,000,000 - - 1,000,000
Total - 93,294,881 - 61,000,000 - - 154,294,881
Gabon
GOVERNMENT REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
TRESOR
PUBLIC DU
GABON - - - - 119,693 - 119,693
Total - - - - 119,693 - 119,693
PROJECT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
GABON
EXPLORATION - - - - 119,693 - 119,693
Total - - - - 119,693 - 119,693
Nigeria
GOVERNMENT REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
NIGER DELTA DEVELOPMENT
COMMISSION - - - - 136,637,172 - 136,637,172
NIGERIAN NATIONAL
PETROLEUM CORPORATION 3,983,413,143([A]) - - - - - 3,983,413,143
DEPARTMENT OF
PETROLEUM RESOURCES - - 446,362,409([B]) - 239,175 - 446,601,584
FEDERAL INLAND
REVENUE SERVICE - 1,062,965,746([C]) - - - - 1,062,965,746
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
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
PSC 1993 (OML133) - 283,760,464([D]) - - - - 283,760,464
PSC 1993 (OPL212/OML118,
OPL219/OML135) 717,045,638([E]) 386,718,785([F]) 115,377,249([G]) - 32,897,635 - 1,252,039,308
WEST ASSET 1,283,663,582([H]) - - - - - 1,283,663,582
CENTRAL EAST ASSET 1,982,703,922([I]) - - - - - 1,982,703,922
ENTITY LEVEL PAYMENT
THE SHELL PETROLEUM
DEVELOPMENT COMPANY
OF NIGERIA LIMITED - 392,486,496 330,985,160 - 103,978,712 - 827,450,368
Total 3,983,413,143 1,062,965,746 446,362,409 - 136,876,347 - 5,629,617,645
[A] Includes payment in kind of $3,983,413,143 for 113,613 KBOE valued
at market price.
[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)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
MINISTRY OF PETROLEUM
AND MINERAL RESOURCES - - - - 1,708,000 - 1,708,000
Total - - - - 1,708,000 - 1,708,000
PROJECT REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
ENTITY LEVEL PAYMENT
SOMALIA EXPLORATION - - - - 1,708,000 - 1,708,000
Total - - - - 1,708,000 - 1,708,000
Tunisia
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
ENTERPRISE
TUNISIENNE
D'ACTIVITES
PETROLIERES - - 8,115,889([A]) - - - 8,115,889
MONSIEUR LE
RECEVEUR
DES
FINANCES DU
LAC - 118,095,328 32,916,348 - - - 151,011,676
Total - 118,095,328 41,032,237 - - - 159,127,565
PROJECT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
HASDRUBAL
CONCESSION - 63,797,751 13,974,460([B]) - - - 77,772,210
MISKAR
CONCESSION - 54,297,577 27,057,777([C]) - - - 81,355,354
Total - 118,095,328 41,032,237 - - - 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.
Canada
GOVERNMENT REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 - 48,054,469
[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)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
ENTITY LEVEL PAYMENT
SHELL EXPLORACIÓN
Y EXTRACCIÓN
DE MÉXICO,
S.A. DE C.V. - - - - 38,393,009 - 38,393,009
Total - - - - 38,393,009 - 38,393,009
United States
GOVERNMENT
REPORTS (IN
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
ALASKA
EXPLORATION - - - - 253,920 - 253,920
APPALACHIA - - 142,399 - 7,971,533 - 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
GOVERNMENTS
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
ACAMBUCO - - 4,877,340 - - - 4,877,340
ARGENTINA
UNCONVENTIONAL PROJECTS - - 14,243,858 - 376,265 - 14,620,123
Total - - 19,121,199 - 376,265 - 19,497,464
Bolivia
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
HUACARETA - - - - 745,037 - 745,037
LA VERTIENTE - - - - 581,896 - 581,896
Total - - - - 1,326,933 - 1,326,933
Brazil
GOVERNMENT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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
BIOCOMBUSTIVEIS - - - 122,834,875 127,428 - 122,962,303
RIO DE JANEIRO PREFEITURA - - - - 117,113 - 117,113
Total 19,719,197 - 766,952,516 122,834,875 1,558,929,871 - 2,468,436,459
PROJECT REPORTS (IN USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
BASIN EXPLORATION PROJECTS - - - 122,834,875 393,602 - 123,228,477
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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees 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 Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
PROJECTS
BLOCK 5C, 5D
AND 6D - - - 5,000,000 2,508,917 - 7,508,917
BLOCK 6B 21,265,486 516,558 - 40,000,000 1,612,356 - 63,394,400
CENTRAL BLOCK - 4,710,494 3,934,073 - 673,171 - 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.
(END) Dow Jones Newswires
April 07, 2020 05:15 ET (09:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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