Shell plc – Report on Payments to Governments for the year 2023
*Shell plc – Report on Payments to Governments for the year 2023*
*Basis for Preparation - Report on Payments to Governments for the year 2023*
This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiaries undertakings (hereinafter referred to as “Shell”) for the year 2023 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 (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. This report is also published pursuant to article 5:25e of the Dutch FMSA (Wft) and is furnished with the US Securities and Exchange Commission (“SEC”) according to Section 13(q) under the US Securities Exchange Act of 1934
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 Shell plc and its subsidiaries undertakings (Shell). Payments made by entities where Shell has joint control do not form the scope of 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 those 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, 2023, 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 £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 Governments [1]*
Government Reports (in USD)
Countries: Production Entitlements Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Europe*
Germany – 82,865,836 – – – – *82,865,836*
Italy – 124,462,214 103,701,724 – 83,370,761 – *311,534,699*
Norway 2,056,539,150 1,761,137,182 – – -2,015,300 – *3,815,661,032*
United Kingdom – 445,794,129 – – 9,357,525 – *455,151,654*
*Asia*
Brunei Darussalam 3,842,049 73,685,646 8,352,280 – – – *85,879,975*
India – -14,990,868 – – – – *-14,990,868*
Kazakhstan – 208,412,179 – – – – *208,412,179*
Malaysia 2,756,801,167 363,608,996 543,358,866 – – – *3,663,769,029*
*Middle East*
Oman 503,863,549 3,587,243,932 – – 800,000 – *4,091,907,481*
Qatar 1,996,846,875 1,735,524,464 – – 29,806,461 – *3,762,177,800*
Oceania
Australia – 1,399,536,784 505,563,062 – 13,937,901 255,455 *1,919,293,202*
*Africa*
Egypt – 57,067,436 – 1,692,706 – – *58,760,142*
Mauritania – – – 1,500,000 – – *1,500,000*
Nigeria 3,467,712,631 587,644,761 727,850,830 – 146,099,334 – *4,929,307,556*
Somalia – – – – 915,000 – *915,000*
Tanzania – – – – 207,273 – *207,273*
Tunisia – 9,184,700 5,168,442 – – – *14,353,142*
*North America*
Canada – 306,623,010 45,496,962 – 36,213,734 – *388,333,706*
Mexico – – – – 63,635,480 – *63,635,480*
United States – 12,406,378 1,214,008,510 – 36,672,082 – *1,263,086,970*
*South America*
Argentina – – 102,446,535 – 1,083,019 – *103,529,554*
Bolivia – – – – 528,534 – *528,534*
Brazil 195,531,788 528,769,030 1,200,661,424 25,354,087 1,809,352,157 – *3,759,668,486*
Colombia – – – – 367,220 – *367,220*
Suriname – – – 18,600,000 – – *18,600,000*
Trinidad and Tobago 504,952,691 9,643,946 5,160,601 – 12,629,218 – *532,386,456*
*Total* *11,486,089,900* *11,278,619,755* *4,461,769,236* *47,146,793* *2,242,960,399* *255,455* *29,516,841,538*
1. This report is not corrected for rounding.
*Germany*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
CITY OF DINSLAKEN – 1,122,046 – – – – 1,122,046
CITY OF WUERZBURG – 112,029 – – – – 112,029
CITY OF GELSENKIRCHEN – 1,382,536 – – – – 1,382,536
CITY OF WESSELING – 11,294,830 – – – – 11,294,830
CITY OF FLOERSHEIM – 277,361 – – – – 277,361
CITY OF LUDWIGSHAFEN – 214,435 – – – – 214,435
CITY OF COLOGNE – 7,864,094 – – – – 7,864,094
TAX AUTHORITY HAMBURG – 60,598,505 – – – – 60,598,505
*Total* *–* *82,865,836* *–* *–* *–* *–* *82,865,836*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Entity level payment:*
DEUTSCHE SHELL HOLDING GmbH – 82,865,836 – – – – 82,865,836
*Total* *–* *82,865,836* *–* *–* *–* *–* *82,865,836*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Italy*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
BASILICATA REGION (VDA) – – 58,510,327 – – – *58,510,327*
CALVELLO MUNICIPALITY – – 1,273,528 – – – *1,273,528*
GRUMENTO NOVA MUNICIPALITY – – 727,730 – – – *727,730*
MARSICO NUOVO MUNICIPALITY – – 545,798 – – – *545,798*
VIGGIANO MUNICIPALITY – – 5,048,629 – 2,893,788 – *7,942,417*
TESSORERIA PROVINICIALE DELLO STATO – 124,462,214 29,501,006 – 714,085 – *154,677,305*
REGIONE BASILICATA – – 5,365,039 – 79,762,888 – *85,127,927*
COMUNE DI GORGOGLIONE – – 315,440 – – – *315,440*
COMUNE DI CORLETO PERTICARA – – 2,050,361 – – – *2,050,361*
MARSICOVETERE MUNICIPALITY – – 181,933 – – – *181,933*
MONTEMURRO MUNICIPALITY – – 181,933 – – – *181,933*
*Total* *–* *124,462,214* *103,701,724* *–* *83,370,761* *–* *311,534,699*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
ITALY UPSTREAM ASSET – 124,462,214 103,701,724 – 83,370,761 – *311,534,699*
*Total* *–* *124,462,214* *103,701,724* *–* *83,370,761* *–* *311,534,699*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Norway*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
OLJEDIREKTORATET – – – – -2,015,300 – *-2,015,300*
PETORO AS 1,213,530,457 [A] – – – – – *1,213,530,457*
SKATTE OG AVGIFTSREGNSKAP – 1,761,137,182 – – – – *1,761,137,182*
EQUINOR ASA 843,008,693 [B] – – – – – *843,008,693*
*Total* *2,056,539,150* *1,761,137,182* *–* *–* *- 2 015 300 * *–* *3,815,661,032*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
ORMEN LANGE 2,056,539,150 [C] – – – -3,250,590 – *2,053,288,560*
NORWAY EXPLORATION PROJECTS — – – – 1,011,830 – *1,011,830*
*Entity level payment:*
A/S NORSKE SHELL — 1,761,137,182 – – 223,460 – *1,761,360,642*
*Total* *2,056,539,150* *1,761,137,182* *–* *–* *- 2 015 300 * *–* *3,815,661,032*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind of $1,213,530,457 for 15,705 KBOE valuated at market price.
3. Includes payment in kind of $843,008,693 for 10,910 KBOE valuated at market price.
4. Includes payment in kind of $2,056,539,150 for 26,615 KBOE valuated at market price
*United Kingdom*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
HM REVENUE AND CUSTOMS – 445,794,129 – – – – *445,794,129*
NORTH SEA TRANSITION AUTHORITY – – – – 9,224,083 – *9,224,083*
THE CROWN ESTATE SCOTLAND – – – – 133,442 – *133,442*
*Total* *–* *445,794,129* *–* *–* *9,357,525* *–* *455,151,654*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
BRENT AND OTHER NORTHERN NORTH SEA PROJECTS – -43,370,657 – – 501,950 – *-42,868,707*
ONEGAS WEST – – – – 2,845,153 – *2,845,153*
UK EXPLORATIONS PROJECTS – – – – 794,101 – *794,101*
UK OFFSHORE OPERATED – – – – 1,142,139 – *1,142,139*
UK OFFSHORE NON-OPERATED – – – – 231,747 – *231,747*
WEST OF SHETLAND NON-OPERATED – – – – 381,619 – *381,619*
*Entity level payment:*
SHELL U.K. LIMITED – 489,164,786 – – 3,460,816 – *492,625,602*
*Total* *–* *445,794,129* *–* *–* *9,357,525* *–* *455,151,654*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Brunei Darussalam*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
MINISTRY OF FINANCE AND ECONOMY – 73,685,646 – – – – *73,685,646*
PETROLEUM AUTHORITY OF BRUNEI 3,842,049 – 8,352,280 – – – *12,194,329*
*Total* *3,842,049* *73,685,646* *8,352,280* *–* *–* *–* *85,879,975*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Entity level payment:*
SHELL DEEPWATER BORNEO LIMITED – 55,794,941 – – – – *55,794,941*
SHELL EXPLORATION AND PRODUCTION BRUNEI BV 3,842,049 17,890,705 8,352,280 – – – *30,085,034*
*Total* *3,842,049* *73,685,646* *8,352,280* *–* *–* *–* *85,879,975*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*India*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
INCOME TAX DEPARTMENT – -14,990,868 – – – – *-14,990,868*
*Total* *–* *-14,990,868* *–* *–* *–* *–* *-14,990,868*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Entity level payment:*
BG EXPLORATION AND PRODUCTION INDIA LIMITED – -14,990,868 – – – – *-14,990,868*
*Total* *–* *-14,990,868* *–* *–* *–* *–* *-14,990,868*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Kazakhstan*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
WEST KAZAKHSTAN TAX COMMITTEE – 208,412,179 – – – – *208,412,179*
*Total* *–* *208,412,179* *–* *–* *–* *–* *208,412,179*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
KARACHAGANAK – 208,412,179 – – – – *208,412,179*
*Total* *–* *208,412,179* *–* *–* *–* *–* *208,412,179*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Malaysia*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
PETROLIAM NASIONAL BERHAD 1,291,094,317 [A] – 24,760,706 – – – *1,315,855,023*
PETRONAS CARIGALI SDN BHD (KL) 1,030,571,625 [B] – – – – – *1,030,571,625*
MALAYSIA FEDERAL AND STATE GOVERNMENT – – 518,598,160 [C] – – – *518,598,160*
KETUA PENGARAH LHDNM – 362,675,180 – – – – *362,675,180*
PETROLEUM SARAWAK EXPLORATION AND PRODUCTION SDN BHD 80,602,291 [D] – – – – – *80,602,291*
BRUNEI NATIONAL PETROLEUM COMPANY 354,532,934 [E] – – – – – *354,532,934*
PETRONAS CARIGALI SDN BHD (MIRI) – 933,816 – – – – *933,816*
*Total* *2,756,801,167* *363,608,996* *543,358,866* *–* *–* *–* *3,663,769,029*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
SABAH GAS - NOT OPERATED – 28,616,146 1,412,148 – – – *30,028,294*
SABAH INBOARD AND DEEPWATER OIL 1,807,106,962 [F] 233,145,621 354,365,330 [G] – – – *2,394,617,913*
SARAWAK OIL AND GAS 949,694,205 [H] 88,945,058 187,581,388 [I] – – – *1,226,220,651*
*Entity level payment:*
SABAH SHELL PETROLEUM COMPANY LIMITED – 2,664,721 – – – – *2,664,721*
SARAWAK SHELL BERHAD – 3,512,754 – – – – *3,512,754*
SHELL ENERGY ASIA LIMITED – 2,438,862 – – – – *2,438,862*
SHELL OIL & GAS (MALAYSIA) LLC – 608,917 – – – – *608,917*
SHELL SABAH SELATAN SDN. BHD. – 3,676,917 – – – – *3,676,917*
*Total* *2,756,801,167* *363,608,996* *543,358,866* *–* *–* *–* *3,663,769,029*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind of $241,287,179 for 11,653 KBOE valuated at fixed price and $1,051,600,094 for 11,619 KBOE valuated at market price.
3. Includes payment in kind of $332,028,595 for 16,160 KBOE valuated at fixed price and $698,543,029 for 7,825 KBOE valuated at market price.
4. Includes payment in kind of $119,689,443 for 5,754 KBOE valuated at fixed price and $398,908,717 for 4,431 KBOE valuated at market price.
5. Includes payment in kind of $67,478,994 for 3,110 KBOE valuated at fixed price and $ 13,123,297 for 182 KBOE valuated at market price.
6. Includes payment in kind of $354,532,934 for 3,852 KBOE valuated at market price.
7. Includes payment in kind of $1,807,106,961 for 19,489 KBOE valuated at market price.
8. Includes payment in kind of $349,431,732 for 3,796 KBOE valuated at market price.
9. Includes payment in kind of $640,794,767 for 30,923 KBOE valuated at fixed price and $310,692,393 for 3,988 KBOE valuated at market price.
10. Includes payment in kind of $ 119,689,443 for 5,754 KBOE valuated at fixed price and $ 49,476,985 for 635 KBOE valuated at market price.
*Oman*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
OMAN - MINISTRY OF FINANCE – 3,587,243,932 – – 800,000 – *3,588,043,932*
MINISTRY OF ENERGY AND MINERALS 503,863,549 [A] – – – – – *503,863,549*
*Total* *503,863,549* *3,587,243,932* *–* *–* *800,000* *–* *4,091,907,481*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
BLOCK 6 CONCESSION – 3,587,243,932 – – – – *3,587,243,932*
BLOCK 10 CONCESSION 503,863,549 [B] – – – 150,000 – *504,013,549*
BLOCK 11 CONCESSION – – – – 250,000 – *250,000*
BLOCK 42 CONCESSION – – – – 150,000 – *150,000*
BLOCK 55 CONCESSION – – – – 250,000 – *250,000*
*Total* *503,863,549* *3,587,243,932* *–* *–* *800,000* *–* *4,091,907,481*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind of $57,676,933 for 4,397 KBOE valuated at fixed price and $446,186,616 for 5,420 KBOE valuated at Govt. selling price.
3. Includes payment in kind of $57,676,933 for 4,397 KBOE valuated at fixed price and $446,186,616 for 5,420 KBOE valuated at Govt. selling price.
*Qatar*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
QATAR ENERGY 1,996,846,875 1,735,524,464 – – 29,806,461 – *3,762,177,800*
*Total* *1,996,846,875* *1,735,524,464* *–* *–* *29,806,461* *–* *3,762,177,800*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
PEARL GTL 1,996,846,875 1,735,524,464 – – 29,806,461 – *3,762,177,800*
*Total* *1,996,846,875* *1,735,524,464* *–* *–* *29,806,461* *–* *3,762,177,800*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Australia*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
AUSTRALIAN TAXATION OFFICE – 1,399,536,784 – – – – *1,399,536,784*
BANANA SHIRE COUNCIL – – – – 197,604 – *197,604*
DEPARTMENT OF INDUSTRY – – 161,424,179 – 107,018 – *161,531,197*
DEPARTMENT OF ENVIRONMENT AND SCIENCE – – – – 1,154,172 – *1,154,172*
WESTERN DOWNS REGIONAL COUNCIL – – – – 10,401,841 255,455 *10,657,296*
OFFICE OF STATE REVENUE – – 344,138,883 – – – *344,138,883*
DEPARTMENT OF NATURAL RESOURCES AND MINES – – – – 552,059 – *552,059*
RESOURCES SAFETY AND HEALTH – – – – 1,525,207 – *1,525,207*
*Total* *–* *1,399,536,784* *505,563,062* *–* *13,937,901* *255,455* *1,919,293,202*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
NORTH WEST SHELF – – 161,424,179 – – – *161,424,179*
QGC PROJECT – 77,937,697 344,138,883 – 13,830,883 255,455 *436,162,918*
PRELUDE – – – – 107,018 – *107,018*
Entity level payment:
SHELL AUSTRALIA PTY LTD – 1,321,599,087 – – – – *1,321,599,087*
*Total* *–* *1,399,536,784* *505,563,062* *–* *13,937,901* *255,455* *1,919,293,202*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Egypt*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
Governments:
EGYPTIAN GENERAL PETROLEUM CORPORATION – 57,067,436 – 1,250,646 – – *58,318,082*
GANOUB EL WADI PETROLEUM HOLDING – – – 442,060 – – *442,060*
Total – 57,067,436 – 1,692,706 – – *58,760,142*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
EGYPT OFFSHORE EXPLORATION – – – 442,060 – – *442,060*
*Entity level payment:*
BG DELTA LIMITED - EGYPT BRANCH – 54,554,015 – – – – *54,554,015*
BG ROSETTA LIMITED – 2,513,421 – – – – *2,513,421*
SHELL EGYPT N.V. – – – 1,250,646 – – *1,250,646*
*Total* *–* *57,067,436* *–* *1,692,706* *–* *–* *58,760,142*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Mauritania*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
MINISTRY OF PETROLEUM, ENERGY AND MINES – – – 1,500,000 – – *1,500,000*
*Total* *–* *–* *–* *1,500,000* *–* *–* *1,500,000*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
DW MAURITANIA EXPLORATION – – – 1,500,000 – – *1,500,000*
*Total* *–* *–* *–* *1,500,000* *–* *–* *1,500,000*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Nigeria*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
NIGER DELTA DEVELOPMENT COMMISSION – – – – 139,994,044 – *139,994,044*
NIGERIAN NATIONAL PETROLEUM CORPORATION 3,467,712,631 [A] – – – – – *3,467,712,631*
NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION – – 727,850,830 [B] – 1,732,350 – *729,583,180*
FEDERAL INLAND REVENUE SERVICE – 587,644,761 [C] – – – – *587,644,761*
NATIONAL AGENCY FOR SCIENCE AND ENGINEERING INFRASTRUCTURE – – – – 4,287,050 – *4,287,050*
NIGERIA POLICE TRUST FUND – – – – 85,890 – *85,890*
*Total* *3,467,712,631* *587,644,761* *727,850,830* *–* *146,099,334* *–* *4,929,307,556*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
PSC 1993 (OPL212/OML118, OPL219/OML135) 752,858,858 [D] 279,780,569 [E] 453,852,738 [F] – 30,450,830 – *1,516,942,995*
PSC 1993 (OML133) – 157,121,109 [G] — – – – *157,121,109*
EAST ASSET 864,363,603 [H] — — – – – *864,363,603*
WEST ASSET 1,850,490,170 [I] — — – – – *1,850,490,170*
*Entity level payment:*
THE SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LIMITED – 150,743,083 273,998,092 – 115,648,504 – *540,389,679*
*Total* *3,467,712,631* *587,644,761* *727,850,830* *–* *146,099,334* *–* *4,929,307,556*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind of $3,467,712,631 for 66,284 KBOE valuated at market price.
3. Includes payment in kind of $453,852,738 for 5,323 KBOE valuated at market price.
4. Includes payment in kind of $436,901,678 for 5,114 KBOE valuated at market price.
5. Includes payment in kind of $752,858,858 for 8,857 KBOE valuated at market price.
6. Includes payment in kind of $279,780,569 for 3,267 KBOE valuated at market price.
7. Includes payment in kind of $453,852,738 for 5,323 KBOE valuated at market price.
8. Includes payment in kind of $157,121,109 for 1,847 KBOE valuated at market price.
9. Includes payment in kind of $864,363,603 for 35,379 KBOE valuated at market price.
10. Includes payment in kind of $1,850,490,170 for 22,047 KBOE valuated at market price.
*Somalia*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
MINISTRY OF PETROLEUM AND MINERAL RESOURCES – – – – 915,000 – *915,000*
*Total* *–* *–* *–* *–* *915,000* *–* *915,000* Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
SOMALIA EXPLORATION – – – – 915,000 – *915,000*
*Total* *–* *–* *–* *–* *915,000* *–* *915,000*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Tanzania*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
PETROLEUM UPSTREAM REGULATORY AUTHORITY – – – – 207,273 – *207,273*
*Total* *–* *–* *–* *–* *207,273* *–* *207,273* Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
BLOCK 1 & 4 – – – – 207,273 – *207,273*
*Total* *–* *–* *–* *–* *207,273* *–* *207,273*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Tunisia*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
ENTERPRISE TUNISIENNE D'ACTIVITES PETROLIERES – – 1,923,800 [A] – – – *1,923,800*
MONSIEUR LE RECEVEUR DES FINANCES DU LAC – 9,184,700 3,244,642 – – – *12,429,342*
*Total* *–* *9,184,700* *5,168,442* *–* *–* *–* *14,353,142* Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
HASDRUBAL CONCESSION – 9,184,700 5,168,442 [B] – – – *14,353,142*
*Total* *–* *9,184,700* *5,168,442* *–* *–* *–* *14,353,142*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind of $1,923,800 for 36 KBOE valuated at market price.
3. Includes payment in kind of $1,923,800 for 36 KBOE valuated at market price.
*Canada*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
GOVERNMENT OF ALBERTA – – 1,884,599 – 34,918,629 – *36,803,228*
PROVINCIAL TREASURER OF ALBERTA – 105,295,402 – – – – *105,295,402*
RECEIVER GENERAL FOR CANADA – 201,327,608 -141,945 – – – *201,185,663*
MINISTRY OF EMPLOYMENT AND INVESTMENT – – – – 600,076 – *600,076*
MINISTER OF FINANCE (BC) – – 43,754,308 – 695,029 – *44,449,337*
*Total* *–* *306,623,010* *45,496,962* *–* *36,213,734* *–* *388,333,706*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
ATHABASCA OIL SANDS – 306,623,010 – – – – *306,623,010*
FOOTHILLS – – – – 118,371 – *118,371*
GREATER DEEP BASIN – – 1,884,599 – 33,737,939 – *35,622,538*
GROUNDBIRCH – – 43,754,308 – 1,295,105 – *45,049,413*
SABLE DEEPWATER – – -141,945 – – – *-141,945*
*Entity level payment:*
SHELL CANADA ENERGY – – – – 1,062,319 – *1,062,319*
*Total* *–* *306,623,010* *45,496,962* *–* *36,213,734* *–* *388,333,706*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Mexico*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
FONDO MEXICANO DEL PETROLEO PARA LA ESTABILIZACION Y EL DESARROLLO – – – – 36,692,167 – *36,692,167*
SERVICIO DE ADMINISTRACION – – – – 26,943,313 – *26,943,313*
*Total* *–* *–* *–* *–* *63,635,480* *–* *63,635,480*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Entity level payment:*
SHELL EXPLORACIÓN Y EXTRACCIÓN DE MÉXICO, S.A. DE C.V. – – – – 63,635,480 – *63,635,480*
*Total* *–* *–* *–* *–* *63,635,480* *–* *63,635,480*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*United States*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
INTERNAL REVENUE SERVICE – 13,500,000 – – – – *13,500,000*
STATE OF LOUISIANA – -1,093,622 – – – – *-1,093,622*
STATE OF ALASKA DEPT. OF NATURAL RESOURCES – – – – 243,408 – *243,408*
OFFICE OF NATURAL RESOURCES REVENUE – – 1,214,008,510 – 36,428,674 – *1,250,437,184*
*Total* *–* *12,406,378* *1,214,008,510* *–* *36,672,082* *–* *1,263,086,970*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
ALASKA EXPLORATION – – – – 243,408 – *243,408*
GOM (WEST) – – 135,958,686 – 312,440 – *136,271,126*
GOM (CENTRAL) – – 1,078,049,824 – 521,436 – *1,078,571,260*
GOM EXPLORATION – – – – 35,594,798 – *35,594,798*
*Entity level payment:*
SHELL PETROLEUM INC. – 13,500,000 – – – – *13,500,000*
SHELL EXPLORATION & PRODUCTION COMPANY – -1,093,622 – – – – *-1,093,622*
*Total* *–* *12,406,378* *1,214,008,510* *–* *36,672,082* *–* *1,263,086,970*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Argentina*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
PROVINCIA DE SALTA – – 3,590,412 – – – *3,590,412*
PROVINCIA DEL NEUQUEN – – 98,856,123 – 1,083,019 – *99,939,142*
*Total* *–* *–* *102,446,535* *–* *1,083,019* *–* *103,529,554*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
ACAMBUCO – – 3,590,412 – – – *3,590,412*
ARGENTINA UNCONVENTIONAL PROJECTS – – 98,856,123 – 1,083,019 – *99,939,142*
*Total* *–* *–* *102,446,535* *–* *1,083,019* *–* *103,529,554*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Bolivia*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
NATIONAL OIL COMPANY OF BOLIVIA – – – – 528,534 – *528,534*
*Total* *–* *–* *–* *–* *528,534* *–* *528,534*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
HUACARETA – – – – 528,534 – *528,534*
*Total* *–* *–* *–* *–* *528,534* *–* *528,534*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
*Brazil*
Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Governments:*
MINISTERIO DA FAZENDA – – 1,200,661,424 – 1,809,033,081 – *3,009,694,505*
PRÉ-SAL PETRÓLEO SA 195,531,788 [A] – – – – – *195,531,788*
SECRETARIA DA RECEITA FEDERAL DO BRASIL – 528,769,030 – – – – *528,769,030*
AGENCIA NACIONAL DO PETROLEO GAS NATURAL E BIOCOMBUSTIVEIS – – – 25,354,087 319,076 – *25,673,163*
*Total* *195,531,788* *528,769,030* *1,200,661,424* *25,354,087* *1,809,352,157* *–* *3,759,668,486*
Project Reports (in USD) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
*Projects:*
BC-10 – – 28,591,236 – 1,172,147 – *29,763,383*
BIJUPIRA AND SALEMA – – – – 469,766 – *469,766*
BM-S-9, BM-S-9A, BM-S-11, BM-S-11A AND ENTORNO DE SAPINHOA 27,416,425 [B] – 998,565,014 – 1,803,888,142 – *2,829,869,581*
BASIN EXPLORATION PROJECTS – – – 25,354,087 2,518,517 – *27,872,604*
LIBRA PSC 168,115,363 [C] – 173,505,174 – – – *341,620,537*
*Entity level payment:*
SHELL BRASIL PETROLEO LTDA – 528,769,030 – – 1,303,585 – *530,072,615*
*Total* *195,531,788* *528,769,030* *1,200,661,424* *25,354,087* *1,809,352,157* *–* *3,759,668,486*
1. For the definitions of any terms used in this chart (e.g., activities and payment types), please refer to pages 1-3 of the Report.
2. Includes payment in kind