Schlumberger Ld. Report on Payments to Governments
June 29 2018 - 11:14AM
UK Regulatory
TIDMSCL
Reports on Payments to Governments for the year ended 31
December 2017.
Schlumberger Limited is providing the following disclosure
pursuant to DTR 4.3A of the UK Financial Conduct Authority's
Disclosure Rules and Transparency Rules, which requires disclosures
of certain payments made by Schlumberger Limited and its
consolidated subsidiaries (together, the "Company") to governments
for the year ended December 31, 2017 relating to "extractive
industries" as defined by, and required under, the Reports on
Payments to Governments Regulations 2014 (SI 2014/3209) (as
amended, the "UK Regulations"). The following schedules disclose
the payments made by the Company in 2017 to governments in Bolivia,
Georgia, Morocco, the United Kingdom and the United States in
connection with Schlumberger's extractive activities under the UK
Regulations, including its operation of sand and barite mines.
Payments are disclosed in US Dollars. Where a payment or a
series of related payments is less than the equivalent of GBP86 000
(USD $116,269) such payments have been excluded (in line with the
UK Regulations). Payments made in currencies other than United
States Dollars are converted based on the foreign exchange rate at
the relevant annual average rate.
Taxes exclude taxes levied on consumption such as value added
taxes, personal income taxes or sales taxes.
Year ended December 31, 2017 (USD in thousands)
Bolivia
Project Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
Barolivia Mine 25.5 101.6 3.7 0 0 0 0 130.8
(Barite)
2017 Total 25.5 101.6 3.7 0 0 0 0 $130.8
Government
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
La 25.5 0 0 0 0 0 0 25.5
Autoridad
Jurisdiccional
AdministrativaMinera
(AJAM)
Servicio 0 101.6 0 0 0 0 0 101.6
Nacional
de
Registro Y
Controlde
la
Comercialización
de Minerals
yMetales
(SENARECOM)
Gobierno 0 0 3.7 0 0 0 0 3.7
Autonomo
Municipal
de Oruro(GAMO)
2017 Total 25.5 101.6 3.7 0 0 0 0 $130.8
Georgia
Project Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
Rustaveli 243 0 72 727(a) 0 0 0 1,042
2017 Total 243 0 72 727 0 0 0 $1,042
Government Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
Georgian Oil and 0 0 45 727 0 0 0 772
Gas Corporation
Ministry of Energy 0 27 0 0 0 0 27
Revenue Service of Georgia 243 0 0 0 0 0 0 243
2017 Total 243 0 72 727 0 0 0 $1,042
(a) Represents payment in kind of 17,103
barrels (bbls) of crude oil.
Morocco
Project
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
COMABAR 1,663.4 0 0 0 0 0 3,617.7 5,281.1
(Barite)
2017 1,663.4 0 0 0 0 0 3,617.7 $5,281.1
Total
Government
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
General 1,663.4 0 0 0 0 0 0 1,663.4
Tax
Administration
Office 0 0 0 0 0 0 3,617.7 3,617.7
National
des
Hydrocarbures
et des
Mines
(ONHYM)
2017 1,663.4 0 0 0 0 0 3,617.7 $5,281.1
Total
United
Kingdom
Project
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
Foss Mine 6.9 163.7 45.0 0 0 0 0 215.8
(Barite)
2017 Total 6.9 163.7 45.2 0 0 0 0 $215.8
Government
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements Improvements
Forestry 0 163.7 0 0 0 0 0 163.7
Commission
of Scotland
Scottish 0 0 7.4 0 0 0 0 7.4
Environment
Protection
Agency (SEPA)
Health and 0 0 7.4 0 0 0 0 7.4
Safety
Executive
Mines
Inspectorate
HM Revenue 1.3 0 0 0 0 0 0 1.3
and
Customs
Perth 5.7 0 30.4 0 0 0 0 36.1
& Kinross
Council
2017 Total 6.9 163.7 45.2 0 0 0 0 $215.8
United
States
Project
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Entitlements2 Improvements
Fees
Greybull 1329.1 209.9 15.6 139.6 0 0 0 1694.3
Mine
(Bentonite)
Hixton 561.4 35.0 34.9 0 0 0 0 631.3
Mine
(Frac
Sand)
Greystone 401.4 0 21.7 0 0 0 0 423.1
Mine
(Barite)
2017 2,291.9 244.9 72.2 139.6 0 0 0 $2,748.7
Total
Government
Report
Taxes Royalties2 Licenses Production Bonuses Infrastructure Dividends Total3
and Fees Entitlements2 Improvements
Jackson 0 0 25.4 0 0 0 0 25.4
County
Mine 0 0 1.6 0 0 0 0 1.6
Safety
and
Health
Administration
Alma Town 12.5 0 0 0 0 0 0 12.5
Curran 263.3 35.0 0 0 0 0 0 298.3
Town
Hixton 285.6 0 0 0 0 0 0 285.6
Town
State 0 0 7.9 0 0 0 0 7.9
of
Wisconsin
Lander 88.3 0 0.3 0 0 0 0 88.6
County
State of 313.1 0 7.1 0 0 0 0 320.0
Nevada
Air 0 0 0.1 0 0 0 0 0.1
Quality
Division
of
Wyoming
Big Horn 1058.9 0 8.7 0.5 0 0 0 1068.1
County
Bureau of 0 0 14.3 122.4 0 0 0 136.7
Land
Management
Land 0 0 1.8 0 0 0 0 1.8
Quality
Division
of
Wyoming
Office of 0 209.9 4.6 16.6 0 0 0 231.2
State
Lands and
Investments
of
Wyoming
Solid 0 0 0.2 0 0 0 0 0.2
and
Hazardous
Wastes
Department
of
Wyoming
State of 270.2 0 0 0 0 0 0 270.2
Wyoming
United 0 0 0.1 0 0 0 0 0.1
States
Department
of
Agriculture
Washakie 0 0 0 0.1 0 0 0 0.1
County
Water 0 0 0.2 0 0 0 0 0.2
Quality
Division
of
Wyoming
2017 2,291.9 244.9 72.3 139.6 0 0 0 $2,748.6
Total
Notes:
1. Payments made in local currencies are translated at the
average exchange rate for the year. Conversion of GBP to USD based
on a rate of GBP1 = $1.35197.
2. Royalty payments and production entitlements are paid in
cash, except where noted. The value of production entitlements made
in kind are calculated with reference to market rates at the time
of payment.
3. Totals do not add exactly due to rounding.
About Schlumberger
Schlumberger is the world's leading provider of technology for
reservoir characterization, drilling, production, and processing to
the oil and gas industry. Working in more than 85 countries and
employing approximately 100,000 people who represent over 140
nationalities, Schlumberger supplies the industry's most
comprehensive range of products and services, from exploration
through production, and integrated pore-to-pipeline solutions that
optimize hydrocarbon recovery to deliver reservoir performance.
Schlumberger Limited has principal offices in Paris, Houston,
London and The Hague, and reported revenues of $30.44 billion in
2017. For more information, visit www.slb.com.
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