TIDMRDSA TIDMRDSB
Basis for Preparation -- Report on Payments to Governments for the year
2020
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 2020 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 Royal Dutch
Shell plc 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 (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)
intended to satisfy the requirements of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority in the United
Kingdom. Following the UK's exit from the EU and the end of the
transition period on 31 December 2020, this Report is also published
pursuant to article 5:25e of the Dutch FMSA (Wft).
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, 2020, 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 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 [1]
Government
Reports
(in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Countries:
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Europe
------------ ----------------
Bulgaria -- -- -- -- 155,178 -- 155,178
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Italy -- -- 67,954,715 -- -- -- 67,954,715
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Norway 1,331,302,546 466,790,641 -- -- 1,458,483 -- 1,799,551,670
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
United
Kingdom -- -106,582,465 -- -- 7,474,783 -- -99,107,681
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Asia
------------ ----------------
Brunei
Darussalam -- 34,964,254 -- -- -- -- 34,964,254
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
China 6,087,616 -- 985,661 -- -- -- 7,073,278
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
India 297,362 895,096 3,831,968 -- -- -- 5,024,426
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Kazakhstan 424,125,000 81,973,208 -- -- -- -- 506,098,208
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Malaysia 1,839,465,462 56,121,040 362,561,665 -- 15,000,000 -- 2,273,148,167
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Oman -- 1,058,167,544 -- 1,000,000 400,000 -- 1,059,567,544
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Philippines 457,129,760 99,551,668 -- -- -- -- 556,681,428
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Qatar 546,327,260 491,523,750 -- -- -- -- 1,037,851,010
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Thailand -- 304,944 -- -- -- -- 304,944
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Oceania
------------ ----------------
Australia -- 2,261,769 67,711,786 -- 14,582,602 1,692,530 86,248,685
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Africa
------------ ----------------
Egypt -- 34,744,632 -- 14,998,260 240,000 -- 49,982,892
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Nigeria 2,277,898,173 440,398,429 446,926,575 -- 78,000,342 -- 3,243,223,518
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Tunisia -- 33,277,974 21,559,113 -- -- -- 54,837,087
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
North
America
------------ ----------------
Canada -- --2,701,310 14,360,567 -- 3,536,885 -- 15,196,142
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Mexico -- -- -- -- 35,564,591 -- 35,564,591
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
United
States -- 53,787,917 612,934,421 -- 48,370,516 -- 715,092,854
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
South
America
------------ ----------------
Argentina -- -- 21,846,119 -- 459,455 -- 22,305,574
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Bolivia -- -- -- -- 1,574,770 -- 1,574,770
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Brazil 12,138,272 8,035,627 550,812,951 -- 985,852,635 -- 1,556,839,485
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Trinidad and
Tobago 62,884,045 13,904,002 2,284,658 -- 9,501,505 -- 88,574,210
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
Total 6,957,655,496 2,767,418,719 2,173,770,199 15,998,260 1,202,171,745 1,692,530 13,118,706,948
------------ --------------- --------------- --------------- ------------ --------------- ---------------- ----------------
[1] This report is not corrected for rounding.
Bulgaria
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
Governments:
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
MINISTRY OF
ENERGY OF
THE REPUBLIC
OF BULGARIA -- -- -- -- 155,178 -- 155,178
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
Total -- -- -- -- 155,178 -- 155,178
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
Projects:
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
KHAN KUBRAT -- -- -- -- 155,178 -- 155,178
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
Total -- -- -- -- 155,178 -- 155,178
------------- --------------- -------- ------------ ---------- --------- ---------------- ---------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
Italy
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
Governments:
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
BASILICATA
REGION (VDA) -- -- 37,806,512 -- -- -- 37,806,512
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
CALVELLO
MUNICIPALITY -- -- 1,064,170 -- -- -- 1,064,170
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
GRUMENTO NOVA
MUNICIPALITY -- -- 608,097 -- -- -- 608,097
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
MARSICO NUOVO
MUNICIPALITY -- -- 456,073 -- -- -- 456,073
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
VIGGIANO
MUNICIPALITY -- -- 4,218,674 -- -- -- 4,218,674
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
TESSORERIA
PROVINICIALE
DELLO STATO -- -- 23,497,140 -- -- -- 23,497,140
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
MARSICOVETERE
MUNICIPALITY -- -- 152,024 -- -- -- 152,024
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
MONTEMURRO
MUNICIPALITY -- -- 152,024 -- -- -- 152,024
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
Total -- -- 67,954,715 -- -- -- 67,954,715
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
Projects:
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
ITALY UPSTREAM
ASSET -- -- 67,954,715 -- -- -- 67,954,715
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
Total -- -- 67,954,715 -- -- -- 67,954,715
-------------- --------------- -------- ------------ --------- ------ ---------------- ------------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
Norway
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------------ --------------- --- ------------- ----------- --------- ----------- ---------------- ---------------
Governments:
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
OLJEDIREKTORATET -- -- -- -- 1,458,483 -- 1,458,483
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
PETORO AS 785,580,079 [A] -- -- -- -- -- 785,580,079
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
SKATTE OG
AVGIFTSREGNSKAP -- 465,771,439 -- -- -- -- 465,771,439
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
SKATTEOPPKREVEREN
I SOLA -- 1,019,202 -- -- -- -- 1,019,202
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
EQUINOR ASA 545,722,467 [B] -- -- -- -- -- 545,722,467
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
Total 1,331,302,546 466,790,641 -- -- 1,458,483 -- 1,799,551,670
------------------ --------------- --- ------------- ----------- --------- ----------- ---------------- ---------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------------ --------------- --- ------------- ----------- --------- ----------- ---------------- ---------------
Projects:
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
ORMEN LANGE 1,331,302,546 [C] -- -- -- -- -- 1,331,302,546
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
GAUPE -- -- -- -- 542,692 -- 542,692
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
NORWAY EXPLORATION
PROJECTS -- -- -- -- 915,792 -- 915,792
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
Entity level
payment:
------------------ ---------------
A/S NORSKE SHELL -- 466,790,641 -- -- -- -- 466,790,641
------------------ --------------- ------------- ----------- --------- ----------- ---------------- ---------------
Total 1,331,302,546 466,790,641 -- -- 1,458,483 -- 1,799,551,670
------------------ --------------- --- ------------- ----------- --------- ----------- ---------------- ---------------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $785,580,079 for 27,839 KBOE valuated at
market price.
[B] Includes payment in kind of $545,722,467 for 19,339 KBOE valuated at
market price.
[C] Includes payment in kind of $1,331,302,546 for 47,178 KBOE valuated
at market price.
United Kingdom
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Governments:
--------------- --------------- ----------- --------- ----------- ---------------- --------------
OIL AND GAS AUTHORITY -- -- -- -- 7,175,363 -- 7,175,363
--------------- --------------- ----------- --------- ----------- ---------------- --------------
HM REVENUE AND CUSTOMS -- --106,582,465 -- -- -- -- -106,582,465
--------------- --------------- ----------- --------- ----------- ---------------- --------------
THE CROWN ESTATE SCOTLAND -- -- -- -- 299,420 -- 299,420
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Total -- -106,582,465 -- -- 7,474,783 -- -99,107,681
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Projects:
--------------- --------------- ----------- --------- ----------- ---------------- --------------
BRENT AND OTHER NORTHERN
NORTH SEA PROJECTS -- -73,042,801 -- -- 508,815 -- -72,533,986
--------------- --------------- ----------- --------- ----------- ---------------- --------------
ONEGAS WEST -- -- -- -- 1,964,754 -- 1,964,754
--------------- --------------- ----------- --------- ----------- ---------------- --------------
UK EXPLORATIONS PROJECTS -- -- -- -- 624,774 -- 624,774
--------------- --------------- ----------- --------- ----------- ---------------- --------------
UK OFFSHORE OPERATED -- -12,189,657 -- -- 895,709 -- -11,293,949
--------------- --------------- ----------- --------- ----------- ---------------- --------------
UK OFFSHORE NON-OPERATED -- -- -- -- 263,839 -- 263,839
--------------- --------------- ----------- --------- ----------- ---------------- --------------
WEST OF SHETLAND
NON-OPERATED -- -- -- -- 126,954 -- 126,954
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Entity level payment:
--------------
SHELL U.K. LIMITED -- -21,350,006 -- -- 3,089,939 -- -18,260,067
--------------- --------------- ----------- --------- ----------- ---------------- --------------
Total -- -106,582,465 -- -- 7,474,783 -- -99,107,681
--------------- --------------- ----------- --------- ----------- ---------------- --------------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
Brunei
Darussalam
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
Governments:
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
MINISTRY OF
FINANCE AND
ECONOMY -- 34,964,254 -- -- -- -- 34,964,254
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
Total -- 34,964,254 -- -- -- -- 34,964,254
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
Entity level
payment:
------------- ------------
SHELL
DEEPWATER
BORNEO
LIMITED -- 34,964,254 -- -- -- -- 34,964,254
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
Total -- 34,964,254 -- -- -- -- 34,964,254
------------- --------------- ------------ ----------- --------- ------ ---------------- ------------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
China
Government
Reports
(in
USD)
[1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --- ------- ----------- --- --------- ------ ---------------- -----------
Governments:
-------------- ------- ----------- --- --------- ------ ---------------- -----------
CHINA NATIONAL PETROLEUM
CORPORATION 6,087,616 [A] -- -- -- -- -- 6,087,616
-------------- ------- ----------- --- --------- ------ ---------------- -----------
SHAANXI PROVINCE
OFFICE OF STATE -- -- 985,661 [B] -- -- -- 985,661
-------------- ------- ----------- --------- ------ ---------------- -----------
Total 6,087,616 -- 985,661 -- -- -- 7,073,278
-------------- --- ------- ----------- --- --------- ------ ---------------- -----------
Project
Reports
(in
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --- ------- ----------- --- --------- ------ ---------------- -----------
Projects:
-------------- ------- ----------- --------- ------ ---------------- -----------
CHANGBEI 6,087,616 [C] -- 985,661 [D] -- -- -- 7,073,278
-------------- ------- ----------- --------- ------ ---------------- -----------
Total 6,087,616 -- 985,661 -- -- -- 7,073,278
-------------- --- ------- ----------- --- --------- ------ ---------------- -----------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $6,087,616 for 199 KBOE valuated at
government selling price.
[B] Includes payment in kind of $985,661 for 32 KBOE valuated at
government selling price.
[C] Includes payment in kind of $6,087,616 for 199 KBOE valuated at
government selling price.
[D] Includes payment in kind of $985,661 for 32 KBOE valuated at
government selling price.
India
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --------- ----------- --------- ------ ---------------- -----------
Governments:
-------------- --------- ----------- --------- ------ ---------------- -----------
CENTRAL BOARD OF EXCISE
AND CUSTOMS -- -- 751,456 -- -- -- 751,456
-------------- --------- ----------- --------- ------ ---------------- -----------
INCOME TAX DEPARTMENT -- 895,096 -- -- -- -- 895,096
-------------- --------- ----------- --------- ------ ---------------- -----------
PAY AND ACCOUNTS OFFICER,
MINISTRY OF
PETROLEUM AND NATURAL
GAS 297,362 -- 3,080,513 -- -- -- 3,377,874
-------------- --------- ----------- --------- ------ ---------------- -----------
Total 297,362 895,096 3,831,968 -- -- -- 5,024,426
-------------- --------- ----------- --------- ------ ---------------- -----------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- --------- ----------- --------- ------ ---------------- -----------
Projects:
-------------- --------- ----------- --------- ------ ---------------- -----------
PANNA MUKTA 297,362 -- 3,831,968 -- -- -- 4,129,330
-------------- --------- ----------- --------- ------ ---------------- -----------
Entity level payment:
BG EXPLORATION AND PRODUCTION
INDIA LIMITED -- 895,096 -- -- -- -- 895,096
-------------- --------- ----------- --------- ------ ---------------- -----------
Total 297,362 895,096 3,831,968 -- -- -- 5,024,426
-------------- --------- ----------- --------- ------ ---------------- -----------
[1] For the definitions of any terms used in this chart (e.g. activities
and payment types), please refer to pages 1-2 of the Report.
Kazakhstan
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- --- ------------ ----------- --------- ------ ---------------- -------------
Governments:
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
WEST
KAZAKHSTAN
TAX
COMMITTEE -- 81,973,208 -- -- -- -- 81,973,208
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
STATE REVENUE
AUTHORITY OF
BURLINSK 424,125,000 [2] -- -- -- -- -- 424,125,000
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Total 424,125,000 81,973,208 -- -- -- -- 506,098,208
------------- -------------- --- ------------ ----------- --------- ------ ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Projects:
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
KARACHAGANAK 424,125,000 [2] 81,973,208 -- -- -- -- 506,098,208
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Total 424,125,000 81,973,208 -- -- -- -- 506,098,208
------------- -------------- --- ------------ ----------- --------- ------ ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
[2] We are the joint operator of the onshore Karachaganak oil and
condensate field (Shell interest 29.25%), where we have a license to the
end of 2037. In December 2020, we successfully settled a long-running
contractual dispute with the Republic about the profit share between the
parties. Shell's share of the settlement amount is $424 million.
Malaysia
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- --- ------------- ------------- --- --------- ------------ ---------------- ---------------
Governments:
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
KETUA
PENGARAH
HASIL DALAM
NEGERI -- 56,121,040 -- -- -- -- 56,121,040
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
PETROLIAM
NASIONAL
BERHAD 986,665,405 [A] -- -28,666,823 -- 15,000,000 -- 972,998,582
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
PETRONAS
CARIGALI SDN
BHD (KL) 852,800,057 [B] -- -- -- -- -- 852,800,057
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
MALAYSIA
FEDERAL AND
STATE
GOVERNMENT -- -- 391,228,489 [C] -- -- -- 391,228,489
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
Total 1,839,465,462 56,121,040 362,561,665 -- 15,000,000 -- 2,273,148,167
--------------- --- ------------- ------------- --- --------- ------------ ---------------- ---------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
Projects:
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SABAH DW NOV -- -- 299,947 -- -- -- 299,947
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SABAH GAS --
NOT
OPERATED -- 18,393,033 560,875 -- -- -- 18,953,908
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SABAH INBOARD
AND
DEEPWATER
OIL 813,180,450 [D] -10,842,175 221,799,012 [E] -- -- -- 1,024,137,286
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SARAWAK OIL
AND GAS 1,026,285,012 [F] 41,774,366 139,901,832 [G] -- 15,000,000 -- 1,222,961,210
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
Entity level
payment:
---------------
SABAH SHELL
PETROLEUM
COMPANY
LIMITED -- 2,014,001 -- -- -- -- 2,014,001
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SARAWAK SHELL
BERHAD -- 1,213,697 -- -- -- -- 1,213,697
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SHELL ENERGY
ASIA
LIMITED -- 879,901 -- -- -- -- 879,901
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SHELL OIL &
GAS
(MALAYSIA)
LLC -- 519,716 -- -- -- -- 519,716
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
SHELL SABAH
SELATAN SDN.
BHD. -- 2,168,501 -- -- -- -- 2,168,501
--------------- ------------- ------------- --------- ------------ ---------------- ---------------
Total 1,839,465,462 56,121,040 362,561,665 -- 15,000,000 -- 2,273,148,167
--------------- --- ------------- ------------- --- --------- ------------ ---------------- ---------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $363,377,839 for 29,999 KBOE valuated
at fixed price and $623,287,566 for 12,864 KBOE valuated at market
price.
[B] Includes payment in kind of $385,143,488 for 31,749 KBOE valuated
at fixed price and $467,656,569 for 9,876 KBOE valuated at market price.
[C] Includes payment in kind of $128,869,361 for 10,633 KBOE valuated
at fixed price and $262,359,128 for 5,463 KBOE valuated at market price.
[D] Includes payment in kind of $73,524 for 17 KBOE valuated at fixed
price and $813,106,926 for 16,423 KBOE valuated at market price.
[E] Includes payment in kind of -$6,556 for -2 KBOE valuated at fixed
price and $218,757,014 for 4,466 KBOE valuated at market price.
[F] Includes payment in kind of $748,447,803 for 61,731 KBOE valuated
at fixed price and $277,837,209 for 6,318 KBOE valuated at market price.
[G] Includes payment in kind of $128,875,917 for 10,634 KBOE valuated
at fixed price and $43,602,114 for 997 KBOE valuated at market price.
Oman
Government
Reports
(in USD)
[1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Governments:
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
OMAN --
MINISTRY OF
FINANCE -- 1,058,167,544 -- 1,000,000 400,000 -- 1,059,567,544
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Total -- 1,058,167,544 -- 1,000,000 400,000 -- 1,059,567,544
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Project
Reports
(in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Projects:
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
BLOCK 6
CONCESSION -- 1,058,167,544 -- -- -- -- 1,058,167,544
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Entity level
payment:
------------- ---------------
BLOCK 42
CONCESSION -- -- -- -- 150,000 -- 150,000
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
BLOCK 55
CONCESSION -- -- -- 1,000,000 250,000 -- 1,250,000
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
Total -- 1,058,167,544 -- 1,000,000 400,000 -- 1,059,567,544
------------- --------------- --------------- ----------- ----------- --------- ---------------- ---------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Philippines
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Governments:
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
BUREAU OF
INTERNAL
REVENUE -- 99,551,668 -- -- -- -- 99,551,668
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
DEPARTMENT OF
ENERGY 385,117,761 -- -- -- -- -- 385,117,761
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
PNOC
EXPLORATION
CORPORATION 72,011,999 -- -- -- -- -- 72,011,999
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Total 457,129,760 99,551,668 -- -- -- -- 556,681,428
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Projects:
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
SC 38
MALAMPAYA
GAS 457,129,760 99,551,668 -- -- -- -- 556,681,428
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
Total 457,129,760 99,551,668 -- -- -- -- 556,681,428
------------- -------------- ------------ ----------- --------- ------ ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Qatar
Government
Reports
(in USD)
[1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
Governments:
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
QATAR
PETROLEUM 546,327,260 491,523,750 -- -- -- -- 1,037,851,010
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
Total 546,327,260 491,523,750 -- -- -- -- 1,037,851,010
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
Project
Reports
(in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
Projects:
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
PEARL GTL 546,327,260 491,523,750 -- -- -- -- 1,037,851,010
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
Total 546,327,260 491,523,750 -- -- -- -- 1,037,851,010
------------- -------------- -------------- ----------- --------- ------ ---------------- ----------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Thailand
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- ---------- ----------- --------- ------ ---------------- ----------
Governments:
-------------- ---------- ----------- --------- ------ ---------------- ----------
REVENUE DEPARTMENT -- 304,944 -- -- -- -- 304,944
-------------- ---------- ----------- --------- ------ ---------------- ----------
Total -- 304,944 -- -- -- -- 304,944
-------------- ---------- ----------- --------- ------ ---------------- ----------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------------------------------------------------- -------------- ---------- ----------- --------- ------ ---------------- ----------
Entity level payment:
----------
SHELL INTEGRATED GAS THAILAND PTE. LIMITED -- THAILAND
BRANCH -- 304,944 -- -- -- -- 304,944
-------------- ---------- ----------- --------- ------ ---------------- ----------
Total -- 304,944 -- -- -- -- 304,944
-------------- ---------- ----------- --------- ------ ---------------- ----------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Australia
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Governments:
--------------- ------------ ------------- --------- ------------- ---------------- -------------
AUSTRALIAN TAXATION OFFICE -- 2,261,769 -- -- -- -- 2,261,769
--------------- ------------ ------------- --------- ------------- ---------------- -------------
BANANA SHIRE COUNCIL -- -- -- -- 135,179 -- 135,179
--------------- ------------ ------------- --------- ------------- ---------------- -------------
DEPARTMENT OF INDUSTRY -- -- 66,600,438 -- -- -- 66,600,438
--------------- ------------ ------------- --------- ------------- ---------------- -------------
DEPARTMENT OF ENVIRONMENT
AND SCIENCE -- -- -- -- 1,327,294 -- 1,327,294
--------------- ------------ ------------- --------- ------------- ---------------- -------------
WESTERN DOWNS REGIONAL
COUNCIL -- -- -- -- 11,142,788 1,692,530 12,835,318
--------------- ------------ ------------- --------- ------------- ---------------- -------------
OFFICE OF STATE REVENUE -- -- 1,111,347 -- -- -- 1,111,347
--------------- ------------ ------------- --------- ------------- ---------------- -------------
DEPARTMENT OF NATURAL
RESOURCES AND MINES -- -- -- -- 665,245 -- 665,245
--------------- ------------ ------------- --------- ------------- ---------------- -------------
RESOURCES SAFETY AND
HEALTH QUEENSLAND -- -- -- -- 1,312,096 -- 1,312,096
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Total -- 2,261,769 67,711,786 -- 14,582,602 1,692,530 86,248,685
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Projects:
--------------- ------------ ------------- --------- ------------- ---------------- -------------
NORTH WEST SHELF -- -- 66,600,438 -- -- -- 66,600,438
--------------- ------------ ------------- --------- ------------- ---------------- -------------
QGC PROJECT -- -- 1,111,347 -- 14,582,602 1,692,530 17,386,479
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Entity level payment:
-------------
SHELL AUSTRALIA PTY LTD -- 2,261,769 -- -- -- -- 2,261,769
--------------- ------------ ------------- --------- ------------- ---------------- -------------
Total -- 2,261,769 67,711,786 -- 14,582,602 1,692,530 86,248,685
--------------- ------------ ------------- --------- ------------- ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Egypt
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Governments:
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
EGYPTIAN
GENERAL
PETROLEUM
CORPORATION -- 34,744,632 -- 14,998,260 -- -- 49,742,892
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
EGYPTIAN
NATURAL GAS
HOLDING
COMPANY -- -- -- -- 240,000 -- 240,000
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Total -- 34,744,632 -- 14,998,260 240,000 -- 49,982,892
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Projects:
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
BADR EL-DIN
(BED) -- 9,196,598 -- -- -- -- 9,196,598
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
OBAIYED -- 16,694,476 -- -- -- -- 16,694,476
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
EGYPT
OFFSHORE
EXPLORATION -- -- -- 11,473,264 240,000 -- 11,713,264
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
NORTH EAST
ABU GHARADIG
(NEAG) -- 8,844,109 -- -- -- -- 8,844,109
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Entity level
payment:
------------- -------------
SHELL EGYPT
N.V. -- 275,102 -- 3,524,996 -- -- 3,800,098
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
BG EGYPT SA
-- EGYPT
BRANCH -- -265,653 -- -- -- -- -265,653
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
Total -- 34,744,632 -- 14,998,260 240,000 -- 49,982,892
------------- --------------- ------------- ----------- ------------- ---------- ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Nigeria
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- ------------- --- ------------- --- --------- ------------- ---------------- ---------------
Governments:
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
NIGER DELTA DEVELOPMENT
COMMISSION - -- -- -- 73,419,624 -- 73,419,624
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
NIGERIAN NATIONAL
PETROLEUM CORPORATION 2,277,898,173 [A] -- -- -- -- -- 2,277,898,173
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
DEPARTMENT OF PETROLEUM
RESOURCES -- -- 446,926,575 [B] -- 4,580,718 -- 451,507,293
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
FEDERAL INLAND REVENUE
SERVICE -- 440,398,429 [C] -- -- -- -- 440,398,429
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
Total 2,277,898,173 440,398,429 446,926,575 -- 78,000,342 -- 3,243,223,518
--------------- --- ------------- --- ------------- --- --------- ------------- ---------------- ---------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
Projects:
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
PSC 1993 (OPL212/OML118,
OPL219/OML135) 107,694,184 [D] 175,101,894 [E] 212,267,787 [F] -- 27,212,110 -- 522,275,975
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
PSC 1993 (OML133) -- 107,020,325 [G] -- -- -- -- 107,020,325
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
WEST ASSET 929,096,440 [H] -- -- -- -- -- 929,096,440
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
CENTRAL EAST ASSET 1,241,107,549 [I] -- -- -- -- -- 1,241,107,549
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
Entity level payment:
---------------
THE SHELL PETROLEUM
DEVELOPMENT COMPANY
OF NIGERIA LIMITED -- 158,276,210 234,658,788 -- 50,788,232 -- 443,723,229
--------------- ------------- ------------- --------- ------------- ---------------- ---------------
Total 2,277,898,173 440,398,429 446,926,575 -- 78,000,342 -- 3,243,223,518
--------------- --- ------------- --- ------------- --- --------- ------------- ---------------- ---------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $2,277,898,173 for 102,926 KBOE
valuated at market price.
[B] Includes payment in kind of $212,267,787 for 5,176 KBOE valuated
at market price.
[C] Includes payment in kind of $282,122,219 for 5,615 KBOE valuated
at market price.
[D] Includes payment in kind of $107,694,184 for 2,361 KBOE valuated
at market price.
[E] Includes payment in kind of $175,101,894 for 3,522 KBOE valuated
at market price.
[F] Includes payment in kind of $212,267,787 for 5,176 KBOE valuated
at market price.
[G] Includes payment in kind of $107,020,325 for 2,093 KBOE valuated
at market price.
[H] Includes payment in kind of $929,096,440 for 22,863 KBOE valuated
at market price.
[I] Includes payment in kind of $1,241,107,549 for 77,702 KBOE
valuated at market price.
Tunisia
Government Reports
(in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- ------------- --- --------- ------ ---------------- -------------
Governments:
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
ENTERPRISE
TUNISIENNE
D'ACTIVITES
PETROLIERES -- -- 2,582,264 [A] -- -- -- 2,582,264
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
MONSIEUR LE
RECEVEUR DES
FINANCES DU
LAC -- 33,277,974 18,976,849 -- -- -- 52,254,823
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
Total -- 33,277,974 21,559,113 -- -- -- 54,837,087
------------- --------------- ------------- ------------- --- --------- ------ ---------------- -------------
Project Reports (in
USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- ------------- --- --------- ------ ---------------- -------------
Projects:
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
HASDRUBAL
CONCESSION -- 15,869,421 6,555,163 [B] -- -- -- 22,424,584
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
MISKAR
CONCESSION -- 17,408,553 15,003,950 [C] -- -- -- 32,412,503
------------- --------------- ------------- ------------- --------- ------ ---------------- -------------
Total -- 33,277,974 21,559,113 -- -- -- 54,837,087
------------- --------------- ------------- ------------- --- --------- ------ ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $2,582,264 for 74 KBOE valuated at
market price.
[B] Includes payment in kind of $1,449,620 for 44 KBOE valuated at
market price.
[C] Includes payment in kind of $1,132,644 for 30 KBOE valuated at
market price.
Canada
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Governments:
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
GOVERNMENT OF
ALBERTA -- -- 23,051,086 -- -- -- 23,051,086
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
MUNICIPAL
DISTRICT OF
GREENVIEW -- -- -- -- 479,304 -- 479,304
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
PROVINCIAL
TREASURER OF
ALBERTA -- -927,750 -- -- 1,229,493 -- 301,743
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
RECEIVER
GENERAL FOR
CANADA -- -1,773,560 -14,941,024 -- -- -- -16,714,585
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
MINISTRY OF
EMPLOYMENT
AND
INVESTMENT -- -- -- -- 691,242 -- 691,242
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
MINISTER OF
FINANCE
(BC) -- -- 6,250,506 -- 551,897 -- 6,802,403
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
ALBERTA
ENERGY
REGULATOR -- -- -- -- 584,950 -- 584,950
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Total -- -2,701,310 14,360,567 -- 3,536,885 -- 15,196,142
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Projects:
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
ATHABASCA OIL
SANDS -- -927,750 -- -- -- -- -927,750
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
FOOTHILLS -- -- 12,240,084 -- -- -- 12,240,084
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
GREATER DEEP
BASIN -- -- 12,908,832 -- 815,691 -- 13,724,524
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
GROUNDBIRCH -- -- 6,250,506 -- 1,243,139 -- 7,493,645
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
INSITU -- -- 272,041 -- -- -- 272,041
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
SABLE
DEEPWATER -- -- -17,310,894 -- -- -- -17,310,894
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Entity level
payment:
------------- -------------
SHELL CANADA
ENERGY -- -- -- -- 1,478,054 -- 1,478,054
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
SHELL CANADA
BROS INC -- -3,104,475 -- -- -- -- -3,104,475
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
SHELL CANADA
LIMITED -- 1,330,914 -- -- -- -- 1,330,914
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
Total -- -2,701,310 14,360,567 -- 3,536,885 -- 15,196,142
------------- --------------- ------------ ------------- --------- ------------ ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Mexico
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- -------- ------------ ---------- ------------- ---------------- -------------
Governments:
-------------- -------- ------------ ---------- ------------- ---------------- -------------
FONDO MEXICANO DEL PETROLEO PARA
LA ESTABILIZACION Y EL DESARROLLO -- -- -- -- 15,433,767 -- 15,433,767
-------------- -------- ------------ ---------- ------------- ---------------- -------------
SERVICIO DE ADMINISTRACION TRIBUTARIA -- -- -- -- 20,130,823 -- 20,130,823
-------------- -------- ------------ ---------- ------------- ---------------- -------------
Total -- -- -- -- 35,564,591 -- 35,564,591
-------------- -------- ------------ ---------- ------------- ---------------- -------------
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. -- -- -- -- 35,564,591 -- 35,564,591
-------------- -------- ------------ ---------- ------------- ---------------- -------------
Total -- -- -- -- 35,564,591 -- 35,564,591
-------------- -------- ------------ ---------- ------------- ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
United States
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Governments:
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
United States
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
OFFICE OF
NATURAL
RESOURCES
REVENUE -- -- 531,873,362 -- 42,585,662 -- 574,459,023
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Alaska
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
DIVISION OF
OIL AND GAS -- -- -- -- 243,408 -- 243,408
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Louisiana
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
STATE OF
LOUISIANA -- 417,878 -- -- -- -- 417,878
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Pennsylvania
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
COMMONWEALTH
OF
PENNSYLVANIA -- -- -- -- 5,184,207 -- 5,184,207
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Texas
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
STATE OF
TEXAS -- 53,370,039 80,614,748 -- -- -- 133,984,787
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
THE
UNIVERSITY
OF TEXAS
SYSTEM -- -- -- -- 357,239 -- 357,239
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
TEXAS A&M
UNIVERSITY
SYSTEM -- -- 446,311 -- -- -- 446,311
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Total -- 53,787,917 612,934,421 -- 48,370,516 -- 715,092,854
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Projects:
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
ALASKA
EXPLORATION -- -- -- -- 243,408 -- 243,408
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
APPALACHIA -- -- -- -- 5,184,207 -- 5,184,207
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
GOM (CENTRAL) -- -- 467,576,809 -- 184,320 -- 467,761,129
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
GOM (WEST) -- -- 64,296,552 -- -- -- 64,296,552
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
GOM
EXPLORATION -- -- -- -- 42,401,342 -- 42,401,342
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
PERMIAN -- 52,525,546 81,061,059 -- 357,239 -- 133,943,844
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Entity level
payment:
------------- --------------
SWEPI LP -- 1,448,286 -- -- -- -- 1,448,286
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
SHELL
OFFSHORE
INC. -- -185,915 -- -- -- -- -185,915
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
Total -- 53,787,917 612,934,421 -- 48,370,516 -- 715,092,854
------------- --------------- ------------- -------------- --------- ------------- ---------------- --------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Argentina
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
Governments:
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
GAS Y PETROLEO
DEL NEUQUEN
S.A. -- -- -- -- 146,055 -- 146,055
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
PROVINCIA DE
SALTA -- -- 2,636,402 -- -- -- 2,636,402
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
PROVINCIA DEL
NEUQUEN -- -- 19,209,717 -- 313,401 -- 19,523,118
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
Total -- -- 21,846,119 -- 459,455 -- 22,305,574
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
Projects:
--------------- -------------
ACAMBUCO -- -- 2,636,402 -- -- -- 2,636,402
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
ARGENTINA
UNCONVENTIONAL
PROJECTS -- -- 19,209,717 -- 459,455 -- 19,669,172
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
Total -- -- 21,846,119 -- 459,455 -- 22,305,574
--------------- --------------- -------- ------------- --------- ---------- ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Bolivia
Government
Reports
(in USD)
[1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
Governments:
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
NATIONAL OIL
COMPANY OF
BOLIVIA -- -- -- -- 1,574,770 -- 1,574,770
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
Total -- -- -- -- 1,574,770 -- 1,574,770
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
Project
Reports
(in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
Projects:
------------- ------------
HUACARETA -- -- -- -- 1,574,770 -- 1,574,770
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
Total -- -- -- -- 1,574,770 -- 1,574,770
------------- --------------- -------- ------------ ---------- ------------ ---------------- ------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
Brazil
Government Reports (in USD) [1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --- ------------ -------------- --------- ------------- ---------------- ---------------
Governments:
------------- ------------ -------------- --------- ------------- ---------------- ---------------
MINISTERIO DA FAZA -- -- 550,812,951 -- 985,113,310 -- 1,535,926,262
------------- ------------ -------------- --------- ------------- ---------------- ---------------
PRÉ-SAL PETRÓLEO SA 12,138,272 [A] -- -- -- -- -- 12,138,272
------------- ------------ -------------- --------- ------------- ---------------- ---------------
PETRÓLEO BRASILEIRO SA -- -- -- -- 739,324 -- 739,324
------------- ------------ -------------- --------- ------------- ---------------- ---------------
SECRETARIA DA RECEITA FEDERAL
DO BRASIL -- 8,035,627 -- -- -- -- 8,035,627
------------- ------------ -------------- --------- ------------- ---------------- ---------------
Total 12,138,272 8,035,627 550,812,951 -- 985,852,635 -- 1,556,839,485
------------- --- ------------ -------------- --------- ------------- ---------------- ---------------
Project Reports (in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
------------- --- ------------ -------------- --------- ------------- ---------------- ---------------
Projects:
---------------
BASIN EXPLORATION PROJECTS -- -- -- -- 739,324 -- 739,324
------------- ------------ -------------- --------- ------------- ---------------- ---------------
BC-10 -- -- 24,739,055 -- -- -- 24,739,055
------------- ------------ -------------- --------- ------------- ---------------- ---------------
BIJUPIRA AND SALEMA -- -- 8,104,636 -- -- -- 8,104,636
------------- ------------ -------------- --------- ------------- ---------------- ---------------
BM-S-9, BM-S-9A, BM-S-11, BM-S-11A AND ENTORNO DE
SAPINHOA -- -- 506,218,983 -- 985,113,310 -- 1,491,332,293
------------- ------------ -------------- --------- ------------- ---------------- ---------------
LIBRA PSC 12,138,272 [B] 11,750,278 23,888,549
------------- ------------ -------------- --------- ------------- ---------------- ---------------
Entity level payment:
---------------
SHELL BRASIL PETROLEO LTDA -- 8,035,627 -- -- -- -- 8,035,627
------------- ------------ -------------- --------- ------------- ---------------- ---------------
Total 12,138,272 8,035,627 550,812,951 -- 985,852,635 -- 1,556,839,485
------------- --- ------------ -------------- --------- ------------- ---------------- ---------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
[A] Includes payment in kind of $12,138,272 for 317 KBOE valuated at
market price.
[B] Includes payment in kind of $12,138,272 for 317 KBOE valuated at
market price.
Trinidad and Tobago
Government
Reports
(in USD)
[1]
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Governments:
-------------- ------------- ------------ --------- ------------ ---------------- -------------
BOARD OF INLAND REVENUE -- 13,790,525 -- -- -- -- 13,790,525
-------------- ------------- ------------ --------- ------------ ---------------- -------------
PERMANENT SECRETARY MINISTRY
OF ENERGY 62,884,045 113,477 2,284,658 -- 9,501,505 -- 74,783,685
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Total 62,884,045 13,904,002 2,284,658 -- 9,501,505 -- 88,574,210
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Project
Reports
(in USD)
Production Infrastructure
Entitlement Taxes Royalties Bonuses Fees Improvements Total
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Projects:
-------------
BLOCK 5C, 5D AND 6D -- -- -- -- 2,653,448 -- 2,653,448
-------------- ------------- ------------ --------- ------------ ---------------- -------------
BLOCK 6B 55,874,429 -- -- -- 1,684,458 -- 57,558,887
-------------- ------------- ------------ --------- ------------ ---------------- -------------
CENTRAL BLOCK -- 13,904,002 2,284,658 -- 713,613 -- 16,902,273
-------------- ------------- ------------ --------- ------------ ---------------- -------------
NORTH COAST MARINE AREA
1 (NCMA1) 7,009,616 -- -- -- 1,796,955 -- 8,806,572
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Entity level payment:
-------------
BG INTERNATIONAL LIMITED
-- TRINIDAD AND TOBAGO
BRANCH -- -- -- -- 2,653,030 -- 2,653,030
-------------- ------------- ------------ --------- ------------ ---------------- -------------
Total 62,884,045 13,904,002 2,284,658 -- 9,501,505 -- 88,574,210
-------------- ------------- ------------ --------- ------------ ---------------- -------------
[1] For the definitions of any terms used in this chart (e.g.
activities and payment types), please refer to pages 1-2 of the Report.
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, 2021 05:15 ET (09:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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