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)

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Shell (LSE:SHEL)
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From Feb 2024 to Mar 2024 Click Here for more Shell Charts.
Shell (LSE:SHEL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Shell Charts.