SHELL PLC REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2017
INTRODUCTION
This Report provides a consolidated overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter refer to as "Shell") for the year 2017 as required under the UK's Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (http://www.morningstar.co.uk/uk/nsm) intended to satisfy the requirements of the Disclosure and Transparency Rules of the Financial Conduct Authority in the United Kingdom
This Report is available for download from www.shell.com/payments
BASIS FOR PREPARATION - REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2017
Legislation
This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.
Reporting entities
This Report includes payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (Shell). Payments made by entities over which Shell has joint control are excluded from this Report.
Activities
Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but disclosed in full.
Government
Government includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, which includes a national oil company.
Project
Payments are reported at project level except that payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.
"Substantially interconnected" means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.
Payment
The information is reported under the following payment types.
Production entitlements
These are the host government's share of production in the reporting period derived from projects operated by Shell. This includes the government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.
In certain contractual arrangement, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.
In situations where a government settles Shell's income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.
Taxes
These are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.
Royalties
These are payments for the rights to extract oil and gas resources, typically at set percentage of revenue less any deductions that may be taken.
Dividends
These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2017, there were no reportable dividend payments to a government.
Bonuses
These are payments for Bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced or reached a milestone.
License fees, rental fees, entry fees and other considerations for licenses and/or concessions
These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.
Infrastructure improvements
These are payments which relate to the construction of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are of a social investment in nature, for example building of a school or hospital, are excluded.
OTHER
Operatorship
When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call).
When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cash-call, it is included in this Report.
Cash and in-kind payments
Payments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.
Materiality Level
For each payment type, total payments below £86,000 to a government are excluded from this Report.
Exchange Rate
Payments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.
REPORT ON PAYMENTS TO GOVERNMENT 2017 [1]
[1] This Report is not corrected for rounding. GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
COUNTRIES
EUROPE
Bulgaria - - - - 155,239 - 155,239
Denmark - 195,328,114 - - - - 195,328,114
Germany - -18,168,575 - - - - -18,168,575
Ireland - - - - 714,370 2,5153,229,995
,625
Italy - 2,573,137 30,071,516 - - - 32,644,653
Norway 2,646,006,154775,843,472 - - 3,727,565 - 3,425,577,190
United - 87,957,190 - - 7,524,254 - 95,481,445
Kingdom
ASIA
Brunei - - - - 1,764,887 - 1,764,887
Darussalam
China 2,559,383 - - - - - 2,559,383
India 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
Iraq 3,360,492,88430,151,344 - - - - 3,390,644,228
Kazakhstan - 214,004,779 - - - - 214,004,779
Malaysia 3,232,280,895190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
Oman - 1,618,577,938 - - - - 1,618,577,938
Philippines 396,989,625 81,150,797 - - - - 478,140,422
Qatar 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
Thailand - 66,220,587 91,670,335 - - - 157,890,922
OCEANIA
Australia - 206,732,575 115,507,731 - 17,346,366 5,769345,355,788
,116
New Zealand - 44,412,263 34,840,002 - 149,768 - 79,402,033
Africa
Egypt - 116,328,138 - 18,000,027 - - 134,328,164
Gabon 149,660,679 - 52,105,017 - 2,879,249 7,396212,041,449
,504
Nigeria 3,197,530,557765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
Tunisia - 118,146,825 26,459,240 - - - 144,606,065
NORTH AMERICA
Canada - -148,710 131,021,043 - 11,190,899 - 142,063,232
USA - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
SOUTH AMERICA
Argentina - 1,033,863 11,900,805 - 518,468 - 13,453,136
Bolivia - - - - 1,615,764 - 1,615,764
Brazil 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
Trinidad 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
and Tobago
Total 13,598,853,814,887,730,860 3,428,921,506 127,965,358 349,368,293 15,6822,408,521,077
5 1,245
BULGARIA
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
MINISTRY OF ENERGY OF - - - - 155,239 - 155,239
THE REPUBLIC OF
BULGARIA
Total - - - - 155,239 - 155,239
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
SILISTAR - - - - 155,239 - 155,239
Total - - - - 155,239 - 155,239
DENMARK GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS TAX AUTHORITIES - 195,328,114 - - - - 195,328,114 Total - 195,328,114 - - - - 195,328,114 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements ENTITY LEVEL PAYMENT SHELL OLIE-OG - 1,403,656 - - - - 1,403,656 GASUDVINDING DANMARK PIPELINES ApS SHELL OLIE-OG - 193,924,458 - - - - 193,924,458 GASUDVINDING DANMARK B.V. Total - 195,328,114 - - - - 195,328,114
GERMANY
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
TAX AUTHORITIES - -18,168,575 - - - - -18,168,575
HAMBURG
Total - -18,168,575 - - - - -18,168,575
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
ENTITY LEVEL PAYMENT
DEUTSCHE SHELL HOLDING - -18,168,575 - - - - -18,168,575
GmbH
Total - -18,168,575 - - - - -18,168,575
IRELAND
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
DEPARTMENT OF - - - - 130,659 - 130,659
COMMUNICATIONS
MAYO COUNTY COUNCIL - - - - - 2,515,625 2,515,625
COMMISSION FOR ENERGY - - - - 583,711 - 583,711
REGULATION
Total - - - - 714,370 2,515,625 3,229,995
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
CORRIB PROJECT - - - - 714,370 2,515,625 3,229,995
Total - - - - 714,370 2,515,625 3,229,995
ITALY
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
BASILICATA REGION (VDA) 18,131,737 18,131,737
CALVELLO MUNICIPALITY - - 516,144 - - - 516,144
GRUMENTO NOVA - - 221,205 - - - 221,205
MUNICIPALITY
MARSICO NUOVO - - 221,205 - - - 221,205
MUNICIPALITY
TESSORERIA PROVINICIALE - 2,573,137 8,953,517 - - - 11,526,654
DELLO STATO
VIGGIANO MUNICIPALITY - - 2,027,708 - - - 2,027,708
Total - 2,573,137 30,071,516 - - - 32,644,653
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
ITALY UPSTREAM ASSET - - 30,071,516 - - - 30,071,516
ENTITY LEVEL PAYMENT
SHELL ITALIA E&P SpA - 2,573,137 - - - - 2,573,137
Total - 2,573,137 30,071,516 - - - 32,644,653
NORWAY
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
STATOIL ASA 989,272,947 - - - - - 989,272,947
[A]
OLJEDIREKTORATET - - - - 3,309,047 - 3,309,047
DIREKTORATET FOR - - - - 418,518 - 418,518
SAMFUNNSSIKKERHET
PETORO AS 1,656,733,207 - - - - - 1,656,733,207
[B]
SKATTE OG - 773,686,372 - - - - 773,686,372
AVGIFTSREGNSKAP
SKATTEOPPKREVEREN - 2,157,099 - - - - 2,157,099
I SOLA
Total 2,646,006,154 775,843,472 - - 3,727,565 - 3,425,577,190
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
ORMEN LANGE AND 2,646,006,154 - - - 2,130,000 - 2,648,136,153
DRAUGEN [C]
NORWAY - - - - 1,427,433 - 1,427,433
EXPLORATION
PROJECTS
ENTITY LEVEL PAYMENT
A/S NORSKE SHELL - 775,843,472 - - 170,132 - 776,013,604
Total 2,646,006,154 775,843,472 - - 3,727,565 - 3,425,577,190
[A] Includes payment in kind of $ 989,272,947 for 26,652 KBOE valued at market price.
[B] Includes payment in kind of $ 1,656,733,207 for 42,620 KBOE valued at market price.
[C] Includes payment in kind of $ 2,646,006,154 for 69,272 KBOE valued at market price
UNITED KINGDOM GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS DEPARTMENT OF ENERGY - - - - 2,056,473 - 2,056,473 AND CLIMATE OIL AND GAS - - - - 5,467,781 - 5,467,781 AUTHORITY HM REVENUE AND - 87,957,190 - - - - 87,957,190 CUSTOMS Total - 87,957,190 - - 7,524,254 - 95,481,445 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS ONEGAS WEST - - - - 1,129,134 - 1,129,134 UK OFFSHORE OPERATED - -5,040,137 - - 1,573,507 - -3,466,630 UK OFFSHORE - - - - 287,439 - 287,439 NON-OPERATED BRENT AND OTHER - -95,927,626 - - 257,500 - -95,670,126 NORTHERN NORTH SEA PROJECTS UK EXPLORATIONS - - - - 972,561 - 972,561 PROJECTS ENTITY LEVEL PAYMENT SHELL U.K. LIMITED - 11,532,163 - - 3,304,114 - 14,836,276 BG INTERNATIONAL - 57,767,778 - - - - 57,767,778 LIMITED BG INTERNATIONAL - 33,411,992 - - - - 33,411,992 (CNS) LIMITED BG GLOBAL ENERGY - 86,213,021 - - - - 86,213,021 LIMITED Total - 87,957,190 - - 7,524,254 - 95,481,445
BRUNEI DARUSSALAM GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS GOVERNMENT OF BRUNEI - - - - 1,464,887 - 1,464,887 DARUSSALAM BRUNEI NATIONAL - - - - 300,000 - 300,000 PETROLEUM COMPANY Total - - - - 1,764,887 - 1,764,887 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS BRUNEI OFFSHORE - - - - 1,764,887 - 1,764,887 BLOCKS Total - - - - 1,764,887 - 1,764,887
CHINA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
CHINA NATIONAL 2,559,383 - - - - - 2,559,383
PETROLEUM [A]
CORPORATION
Total 2,559,383 - - - - - 2,559,383
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
CHANGBEI 2,029,385 - - - - - 2,029,385
[B]
JINQIU+FUSHUN+ZITONG 529,999 - - - - - 529,999
[C]
Total 2,559,383 - - - - - 2,559,383
[A] Includes payment in kind of $ 2,559,383 for 87 KBOE valued at government selling price.
[B] Includes payment in kind of $ 2,029,385 for 67 KBOE valued at government selling price.
[C] Includes payment in kind of $ 529,999 for 20 KBOE valued at government selling price
INDIA
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
OIL AND 257,714,625 - - 7,500,000 - - 265,214,625
NATURAL GAS [A]
CORP. LTD.
PAY AND 32,472,510 - 38,006,132 - - - 70,478,643
ACCOUNTS
OFFICER,
MINISTRY OF
PETROLEUM
AND NATURAL
GAS
CENTRAL - - 9,891,129 - - - 9,891,129
BOARD OF
EXCISE AND
CUSTOMS
INCOME TAX - 25,775,793 - - - - 25,775,793
DEPARTMENT
Total 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
PANNA MUKTA 290,187,136 - 47,897,261 7,500,000 - - 345,584,397
[B]
ENTITY LEVEL PAYMENT
BG - 25,775,793 - - - - 25,775,793
EXPLORATION
AND
PRODUCTION
INDIA
LIMITED
Total 290,187,136 25,775,793 47,897,261 7,500,000 - - 371,360,190
[A] Includes payment in kind of $ 257,714,625 for 6,187 KBOE valued at market price.
[B] Includes payment in kind of $ 257,714,625 for 6,187 KBOE valued at market price.
IRAQ
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
SOUTH OIL 3,360,492,884 30,151,344 - - - - 3,390,644,228
COMPANY [A] [B]
Total 3,360,492,884 30,151,344 - - - - 3,390,644,228
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
MAJNOON 3,360,492,884 17,178,899 - - - - 3,377,671,783
[C] [D]
WEST QURNA - 12,972,445 - - - - 12,972,445
[E]
Total 3,360,492,884 30,151,344 - - - - 3,390,644,228
[A] Includes payment in kind of $ 3,360,492,884 for 68,430 KBOE valued at market price.
[B] Includes payment in kind of $ 30,151,344 for 665 KBOE valued at market price.
[C] Includes payment in kind of $ 3,360,492,884 for 68,430 KBOE valued at market price.
[D] Includes payment in kind of $ 17,178,899 for 364 KBOE valued at market price.
[E] Includes payment in kind of $ 12,972,445 for 302 KBOE valued at market price.
KAZAKHSTAN GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS WEST KAZAKHSTAN TAX - 214,004,779 - - - - 214,004,779 COMMITTEE Total - 214,004,779 - - - - 214,004,779 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS KARACHAGANAK - 214,004,779 - - - - 214,004,779 Total - 214,004,779 - - - - 214,004,779
MALAYSIA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS PETROLIAM 1,909,083,412 - 45,433,382 - 35,000,000 - 1,989,516,794 NASIONAL [A] BERHAD MALAYSIA - - 649,877,734 - - - 649,877,734 FEDERAL [B] AND STATE GOVERNMENT PETRONAS 1,323,197,484 -760,491 - - - - 1,322,436,993 CARIGALI [C] SDN BHD (KL) KETUA - 191,230,696 - - - - 191,230,696 PENGARAH HASIL DALAM NEGERI Total 3,232,280,895 190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
[A] Includes payment in kind of $ 927,582,239 for 59,574 KBOE valued at fixed price and $ 981,501,173 for 17,278 KBOE valued at market price.
[B] Includes payment in kind of $ 230,436,829 for 14,819 KBOE valued at fixed price and $ 419,440,905 for 7,227 KBOE valued at market price.
[C] Includes payment in kind of $ 546,542,142 for 34,824 KBOE valued at fixed price and $ 776,655,342 for 13,295 KBOE valued at market price.
MALAYSIA PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS SABAH 1,353,884,905 119,793,775 372,351,270 - - - 1,846,029,950 INBOARD [A] [B] AND DEEPWATER OIL SARAWAK 1,878,395,990 61,890,567 321,032,287 - 35,000,000 - 2,296,318,843 OIL AND [C] [D] GAS SABAH GAS - 5,907,495 1,927,559 - - - 7,835,054 - NOT OPERATED ENTITY LEVEL PAYMENT SABAH - 199,406 - - - - 199,406 SHELL PETROLEUM COMPANY LIMITED SHELL OIL - 331,832 - - - - 331,832 AND GAS (MALAYSIA) LLC SARAWAK - 1,043,629 - - - - 1,043,629 SHELL BERHAD SHELL - 1,037,355 - - - - 1,037,355 SABAH SELATAN SDN. BHD. SHELL - 266,145 - - - - 266,145 ENERGY ASIA LIMITED Total 3,232,280,895 190,470,205 695,311,115 - 35,000,000 - 4,153,062,216
[A] Includes payment in kind of $ 1,353,884,905 for 23,033 KBOE valued at market price.
[B] Includes payment in kind of $ 357,983,526 for 6,083 KBOE valued at market price.
[C] Includes payment in kind of $ 1,474,124,381 for 94,398 KBOE valued at fixed price and $ 404,271,609 for 7,540 KBOE valued at market price.
[D] Includes payment in kind of $ 230,436,829 for 14,819 KBOE valued at fixed price and $ 61,457,379 for 1,144 KBOE valued at market price.
OMAN GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS OMAN - MINISTRY - 1,618,577,938 [A] - - - - 1,618,577,938 OF FINANCE Total - 1,618,577,938 - - - - 1,618,577,938 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS BLOCK 6 - 1,596,015,439 - - - - 1,596,015,439 CONCESSION MUKHAIZNA PSC - 22,562,499 [B] - - - - 22,562,499 Total - 1,618,577,938 - - - - 1,618,577,938
[A] Includes payment in kind of $ 22,562,499 for 470 KBOE valued at government selling price.
[B] Includes payment in kind of $ 22,562,499 for 470 KBOE valued at government selling price.
PHILIPPINES GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS PNOC 75,440,431 - - - - - 75,440,431 EXPLORATION CORPORATION BUREAU OF - 81,150,797 - - - - 81,150,797 INTERNAL REVENUE DEPARTMENT OF 321,549,194 - - - - - 321,549,194 ENERGY Total 396,989,625 81,150,797 - - - - 478,140,422 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS SC 38 MALAMPAYA 396,989,625 81,150,797 - - - - 478,140,422 GAS Total 396,989,625 81,150,797 - - - - 478,140,422
QATAR GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS RAS LAFFAN - - - - 40,410,272 - 40,410,272 INDUSTRIAL CITY QATAR 292,184,961 446,408,467 - - - - 738,593,428 PETROLEUM Total 292,184,961 446,408,467 - - 40,410,272 - 779,003,700 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS PEARL GTL 292,184,961 446,408,467 - - 40,410,272 - 779,003,700 Total 292,184,961 446,408,467 - - 40,410,272 - 779,003,700
THAILAND
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
DEPARTMENT OF MINERAL - - 61,965,776 - - - 61,965,776
FUELS
REVENUE DEPARTMENT - 66,220,587 - - - - 66,220,587
MINISTRY OF ENERGY - - 29,704,559 - - - 29,704,559
Total - 66,220,587 91,670,335 - - - 157,890,922
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
BONGKOT - 66,220,587 91,670,335 - - - 157,890,922
Total - 66,220,587 91,670,335 - - - 157,890,922
AUSTRALIA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS DEPARTMENT OF - - 112,759,091 - 335,418 - 113,091,509 INDUSTRY AUSTRALIAN TAXATION - 206,732,575 - - - - 206,732,575 OFFICE BANANA SHIRE - - - - 128,287 - 128,287 COUNCIL WESTERN DOWNS - - - - 13,413,908 5,769,11619,183,024 REGIONAL COUNCIL OFFICE OF STATE - - 2,751,640 - - - 2,751,640 REVENUE DEPARTMENT OF - - - - 2,450,885 - 2,450,885 NATURAL RESOURCES AND MINES DEPARTMENT OF - - - - 1,017,868 - 1,017,868 ENVIRONMENT AND HERITAGE Total - 206,732,575 115,507,731 - 17,346,366 5,769,116345,355,788 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS PRELUDE - - - - 114,511 - 114,511 NORTH WEST SHELF - - 112,756,091 - - - 112,756,091 AUSTRALIA - - - - 220,907 - 220,907 EXPLORATION PROJECTS QGC PROJECT - - 2,751,640 - 17,010,948 5,769,11625,531,704 ENTITY LEVEL PAYMENT SHELL AUSTRALIA PTY - 1,036,872 - - - - 1,036,872 LTD SHELL ENERGY - 205,695,703 - - - - 205,695,703 HOLDINGS AUSTRALIA LIMITED Total - 206,732,575 115,507,731 - 17,346,366 5,769,116345,355,788
NEW ZEALAND
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
MINISTRY OF BUSINESS, - - 34,840,002 - 149,768 - 34,989,770
INNOVATION AND
EMPLOYMENT
INLAND REVENUE - 44,412,263 - - - - 44,412,263
DEPARTMENT
Total - 44,412,263 34,840,002 - 149,768 - 79,402,033
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
POHOKURA - - 33,339,732 - - - 33,339,732
MAUI - - 1,500,270 - - - 1,500,270
ENTITY LEVEL PAYMENT
SHELL NEW ZEALAND - 44,412,263 - - 149,768 - 44,562,031
(2011) LIMITED
Total - 44,412,263 34,840,002 - 149,768 - 79,402,033
EGYPT GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS EGYPTIAN - 116,328,138 - 18,000,027 - - 134,328,164 GENERAL PETROLEUM COMPANY Total - 116,328,138 - 18,000,027 - - 134,328,164 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS EGYPT OFFSHORE - 3,233,480 - - - - 3,233,480 EXPLORATION BADR EL-DIN - 55,637,061 - - - - 55,637,061 (BED) NORTH EAST ABU - 15,883,091 - - - - 15,883,091 GHARADIG (NEAG) OBAIYED - 41,574,506 - - - - 41,574,506 NORTH UMBARAKA - - - 18,000,027 - - 18,000,027 Total - 116,328,138 - 18,000,027 - - 134,328,164
GABON GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS TRESORIER 470,790 - 52,105,017 - 2,879,249 - 55,455,056 PAY.GEN. DU GABON GABON OIL 149,189,889 - - - - - 149,189,889 COMPANY [A] COMMUNE DE - - - - - 7,396,504 7,396,504 GAMBA. Total 149,660,679 - 52,105,017 - 2,879,249 7,396,504 212,041,449 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS GABON - - - - 118,468 - 118,468 EXPLORATION GABON NORTH 95,444,008 [B] - 25,236,659 - 1,843,880 - 122,524,547 EAST GABON CENTRAL 53,411,166 [C] - 15,938,375 - 626,015 - 69,975,556 GABON SOUTH 805,505 [D] - 10,929,983 - 290,886 7,396,504 19,422,877 Total 149,660,679 - 52,105,017 - 2,879,249 7,396,504 212,041,449
A] Includes payment in kind of $ 149,189,889 for 2,914 KBOE valued at market price.
[B] Includes payment in kind of $ 95,444,008 for 1,866 KBOE valued at market price.
[C] Includes payment in kind of $ 53,411,166 for 1,042 KBOE valued at market price.
[D] Includes payment in kind of $ 334,715 for 7 KBOE valued at market price.
NIGERIA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS NIGERIAN 3,197,530,557 - - - - - 3,197,530,557 NATIONAL [A] PETROLEUM CORPORATION NIGER DELTA - - - - 79,675,241 - 79,675,241 DEVELOPMENT COMMISSION DEPARTMENT - - 245,769,306 - 34,241,090 - 280,010,396 OF [B] PETROLEUM RESOURCES FEDERAL - 765,526,389 - - - - 765,526,389 INLAND [C] REVENUE SERVICE Total 3,197,530,557 765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
[A] Includes payment in kind of $ 3,197,530,557 for 111,155 KBOE valued at market price.
[B] Includes payment in kind of $ 34,847,300 for 627 KBOE valued at market price.
[C] Includes payment in kind of $ 605,889,970 for 11,055 KBOE valued at market price.
NIGERIA PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
SPDC SHALLOW 273,747,172 - - - - - 273,747,172
WATER [A]
SPDC WEST 577,527,685 - - - - - 577,527,685
[B]
SPDC EAST 1,413,062,569 - - - - - 1,413,062,569
[C]
PSC 1993 933,193,130 415,978,890 34,847,300 - - - 1,384,019,320
(OPL212/OML118, [D] [E] [F]
OPL219/OML135)
PSC 1993 - 189,911,080 - - - - 189,911,080
(OPL209) [G]
ENTITY LEVEL PAYMENT
THE SHELL - 159,636,419 210,922,006 - 113,916,331 - 484,474,756
PETROLEUM
DEVELOPMENT
COMPANY OF
NIGERIA LIMITED
Total 3,197,530,557 765,526,389 245,769,306 - 113,916,331 - 4,322,742,582
[A] Includes payment in kind of $ 273,747,172 for 5,129 KBOE valued at market price.
[B] Includes payment in kind of $ 577,527,685 for 10,541 KBOE valued at market price.
[C] Includes payment in kind of $ 1,413,062,569 for 78,815 KBOE valued at market price.
[D] Includes payment in kind of $ 933,193,130 for 16,670 KBOE valued at market price.
[E] Includes payment in kind of $ 415,978,890 for 7,590 KBOE valued at market price.
[F] Includes payment in kind of $ 34,847,300 for 627 KBOE valued at market price.
[G] Includes payment in kind of $ 189,911,080 for 3,464 KBOE valued at market price.
TUNISIA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS ENTREPRISE - - 7,428,428 [A] - - - 7,428,428 TUNISIENNE D'ACTIVITES PETROLIERES MONSIEUR LE - 118,146,825 19,030,812 - - - 137,177,637 RECEVEUR DES FINANCES DU LAC Total - 118,146,825 26,459,240 - - - 144,606,065 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS HASDRUBAL - 25,055,429 6,575,929 [B] - - - 31,631,358 CONCESSION MISKAR CONCESSION - 93,091,396 19,883,311 [C] - - - 112,974,708 Total - 118,146,825 26,459,240 - - - 144,606,065
[A] Includes payment in kind of $ 7,428,428 for 200 KBOE valued at market price.
[B] Includes payment in kind of $ 5,353,995 for 142 KBOE valued at market price.
[C] Includes payment in kind of $ 2,074,433 for 58 KBOE valued at market price.
CANADA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS PROVINCIAL - -148,710 - - 4,900,621 - 4,751,911 TREASURER OF ALBERTA RECEIVER GENERAL - - 5,173,144 - 162,193 - 5,335,338 FOR CANADA CANADA-NOVA SCOTIA - - - - 668,582 - 668,582 OFFSHORE PETROLEUM BOARD GOVERNMENT OF - - 120,152,686 - - - 120,152,686 ALBERTA MINISTRY OF - - - - 796,557 - 796,557 EMPLOYMENT AND INVESTMENT MINISTER OF FINANCE - - 4,449,867 - 664,892 - 5,114,759 (BC) ALBERTA PETROLEUM - - 1,245,345 - - - 1,245,345 MARKETING COMMISSION MUNICIPAL DISTRICT - - - - 1,016,189 - 1,016,189 OF GREENVIEW MIKISEW CREE - - - - 130,361 - 130,361 GOVERNMENT MIKISEW CREE FIRST - - - - 814,755 - 814,755 NATION TRUST ROYAL TRUST - - - - 2,036,749 - 2,036,749 CORPORATION OF CANADA - FORT MCKAY FIRST NATION Total - -148,710 131,021,043 - 11,190,899 - 142,063,232
CANADA PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS INSITU - - 7,428,834 - 535,023 - 7,963,857 SABLE DEEPWATER - - 2,408,679 - 173,833 - 2,582,512 GROUNDBIRCH - - 4,449,867 - 1,350,509 - 5,800,376 GREATER DEEP BASIN - - 7,142,975 - 3,944,887 - 11,087,862 FOOTHILLS - - 7,415,552 - 594,957 - 8,010,510 ATHABASCA OIL SANDS - - 102,175,135 - 3,555,231 - 105,730,367 ENTITY LEVEL PAYMENT SHELL CANADA - -148,710 - - - - -148,710 LIMITED SHELL CANADA ENERGY - - - - 1,036,458 - 1,036,458 Total - -148,710 131,021,043 - 11,190,899 - 142,063,232
UNITED STATES OF AMERICA (USA) GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS INTERNAL REVENUE - -124,780,064 - - - - -124,780,064 SERVICE COMMONWEALTH OF - - - - 7,468,989 - 7,468,989 PENNSYLVANIA PA DEPARTMENT OF - - 149,234 - - - 149,234 CONSERVATION ANDNATURAL RESOURCES STATE OF TEXAS - 27,399,389 28,190,317 - 724,950 - 56,314,656 TEXAS GENERAL LAND - - - - 2,070,266 - 2,070,266 OFFICE THE UNIVERSITY OF - - - - 1,765,668 - 1,765,668 TEXAS SYSTEM STATE OF LOUISIANA - -523,054 - - - - -523,054 DIRECTOR, DIVISION - - - - 243,408 - 243,408 OF OIL AND GAS OFFICE OF NATURAL - - 450,119,403 - 88,876,595 - 538,995,998 RESOURCES REVENUE Total - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
UNITED STATES OF AMERICA (USA) PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS APPALACHIA - - 149,234 - 7,468,989 - 7,618,222 PERMIAN - 27,399,389 28,190,317 - 4,560,883 - 60,150,590 NON-CORE ASSETS - -173,054 - - - - -173,054 ALASKA EXPLORATION - - - - 243,408 - 243,408 GOM (WEST) - - 113,147,794 - , - 113,147,794 GOM (CENTRAL) - - 336,813,209 - , - 336,813,209 GOM EXPLORATION - - 158,400 - 88,876,595 - 89,034,995 ENTITY LEVEL PAYMENT SHELL FRONTIER OIL - -2,897,863 - - - - -2,897,863 AND GAS INC. SHELL ONSHORE - -1,826,280 - - - - -1,826,280 VENTURES INC. SWEPI LP - -20,015,047 - - - - -20,015,047 SHELL EXPLORATION - -350,000 - - - - -350,000 AND PRODUCTION COMPANY SHELL OFFSHORE - -100,040,874 - - - - -100,040,874 INC. Total - -97,903,729 478,458,954 - 101,149,875 - 481,705,100
ARGENTINA
GOVERNMENT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
GOVERNMENTS
PROVINCIA DEL NEUQUEN - - 6,600,083 - 299,392 - 6,899,475
GAS Y PETROLEO DEL - - - - 219,076 - 219,076
NEUQUEN S.A.
PROVINCIA DE SALTA - - 5,300,723 - - - 5,300,723
AFIP DIRECCIÓN GENERAL - 1,033,863 - - - - 1,033,863
IMPOSITIVA
Total - 1,033,863 11,900,805 - 518,468 - 13,453,136
PROJECT REPORTS (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Total
Improvements
PROJECTS
ARGENTINA - - 6,600,083 - 518,468 - 7,118,550
UNCONVENTIONAL
PROJECTS
ACAMBUCO - - 5,300,723 - - - 5,300,723
ENTITY LEVEL PAYMENT
O & G DEVELOPMENTS LTD - 1,033,863 - - - - 1,033,863
S.A.
Total - 1,033,863 11,900,805 - 518,468 - 13,453,136
BOLIVIA GOVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS NATIONAL OIL COMPANY - - - - 1,615,764 - 1,615,764 OF BOLIVIA Total - - - - 1,615,764 - 1,615,764 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS HUACARETA - - - - 1,064,999 - 1,064,999 LA VERTIENTE - - - - 550,764 - 550,764 Total - - - - 1,615,764 - 1,615,764
BRAZIL
GOVERNMENT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
GOVERNMENTS
MINISTERIO - - 1,463,568,826 102,465,331 2,839,161 - 1,568,873,319
DA FAZENDA
PRÉ-SAL 646,465 - - - - - 646,465
PETRÓLEO SA [A]
Total 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
PROJECT REPORTS (IN USD)
Production Taxes Royalties Bonuses Fees Infrastructure Total
Entitlement Improvements
PROJECTS
BC-10 - - 35,127,489 - 1,059,888 - 36,187,378
BIJUPIRA AND - - 18,054,263 - 424,776 - 18,479,039
SALEMA
BASIN - - - 83,975,347 297,665 - 84,273,012
EXPLORATION
PROJECTS
BM-S-9, - - 1,410,197,441 18,489,985 - - 1,428,687,426
BM-S-9A,
BM-S-11,
BM-S-11A and
Entorno de
Sapinhoá
BARREIRINHAS - - - - 1,056,832 - 1,056,832
LIBRA PSC 646,465 - 189,633 - - - 836,098
[B]
Total 646,465 - 1,463,568,826 102,465,331 2,839,161 - 1,569,519,784
[A] Includes payments in kind of $ 646,465 for 12 KBOE valued at Market price.
[B] Includes payments in kind of $ 646,465 for 12 KBOE valued at Market price.
TRINIDAD AND TOBAGO OVERNMENT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements GOVERNMENTS MINISTRY OF 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256 ENERGY AND ENERGY AFFAIRS Total 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256 PROJECT REPORTS (IN USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement Improvements PROJECTS NORTH COAST 27,668,794 17,310,000 - - 4,511,997 - 49,490,791 MARINE AREA 1 (NCMA1) BLOCK 6B 1,221,574 - - - - - 1,221,574 CENTRAL BLOCK - - 4,340,353 - 599,176 - 4,939,528 BLOCK 5A AND E 1,424,709 - - - 1,330,218 - 2,754,927 BLOCK 5C, 5D - - - - 2,024,436 - 2,024,436 AND 6D Total 30,315,077 17,310,000 4,340,353 - 8,465,827 - 60,431,256
CAUTIONARY NOTE
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Report "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries", "Shell subsidiaries", and "Shell companies" as used in this Report refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations" respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70
Classification: Payments to governments
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Royal Dutch Shell plc published this content on 09 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 April 2018 10:35:07 UTC
