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ROYAL DUTCH SHELL PLC - Report on payments to governments for 2015

REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2015

Introduction

This Report provides an overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter referred to as “Shell”) for the year 2015 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 intended to satisfy the requirements of the Disclosure and Transparency Rules of the Financial Conduct Authority in the United Kingdom.

Payments to governments made by BG Group plc and its subsidiary undertakings in 2015 were prior to the combination with Shell and are not included in this Report.

This Report is available for download from www.shell.com/payments

BASIS FOR PREPARATION - REPORT ON PAYMENTS TO GOVERNMENTs FOR THE YEAR 2015

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, 2015, 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.

Licence fees, rental fees, entry fees and other considerations for licences 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 Governments 2015[1]

SUMMARY REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
Countries
Europe
Denmark - 576,148,422 - - - - 576,148,422
Germany - 4,404,123 - - - - 4,404,123
Ireland - - - - 4,313,103 564,653 4,877,756
Italy - 102,686,074 104,352,782 - - - 207,038,856
Norway 3,008,589,121 1,137,352,447 - - 10,946,519 - 4,156,888,087
United Kingdom - (128,360,400) - - 5,460,057 - (122,900,344)
Asia
Brunei Darussalam - 102,227,436 - - 1,710,416 - 103,937,853
China 450,383,889 - 8,608,468 250,000 - - 459,242,357
Indonesia - - - 1,000,000 - - 1,000,000
Iraq 1,335,946,438 23,303,080 - - - - 1,359,249,519
Jordan - - - 3,000,000 - - 3,000,000
Malaysia 3,423,481,392 174,446,468 777,621,735 - 35,000,000 - 4,410,549,595
Oman - 2,112,924,584 - - - - 2,112,924,584
Philippines 408,295,106 78,622,555 - - - - 486,917,661
Qatar 452,582,830 520,599,000 - - 16,475,980 - 989,657,810
Oceania
Australia - 757,694,007 120,230,627 - 208,637 - 878,133,272
New Zealand - 58,845,962 64,908,372 - 139,534 - 123,893,867
Africa
Egypt - 85,566,882 - 100,000,000 - - 185,566,882
Gabon 189,549,061 69,633,947 63,593,392 1,200,000 12,265,634 16,791,230 353,033,264
Nigeria 3,607,646,387 717,920,620 378,551,263 - 247,875,666 - 4,951,993,936
North America
Canada - 3,391,977 99,504,363 - 47,392,403 359,982 150,648,725
USA - (216,038,692) 492,943,410 - 75,168,977 - 352,073,695
South America
Argentina - 1,114,712 9,577,374 12,000,000 375,684 - 23,067,771
Brazil - 1,144,389 65,401,759 - 2,931,450 - 69,477,599
Total 12,876,474,223 6,183,627,593 2,185,293,545 117,450,000 460,264,060 17,715,865 21,840,825,287

   

Denmark
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

DANISH ENERGY AGENCY
- 30,576,894 - - - - 30,576,894

TAX AUTHORITIES
- 545,571,528 - - - - 545,571,528
Total - 576,148,422 - - - - 576,148,422
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
ENTITY LEVEL PAYMENT
SHELL OLIE - OG GASUDVINDING DANMARK B.V. - 576,148,422 - - - - 576,148,422
Total - 576,148,422 - - - - 576,148,422

   

Germany
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

TAX AUTHORITIES HAMBURG
- 4,404,123 - - - - 4,404,123
Total - 4,404,123 - - - - 4,404,123
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
ENTITY LEVEL PAYMENT
SHELL ERDGAS BETEILIGUNGSGESELLSCHAFT mbH - 2,125,909 - - - - 2,125,909
SHELL EXPLORATION ET PRODUCTION DU MAROC GMBH - 2,278,214 - - - - 2,278,214
Total - 4,404,123 - - - - 4,404,123

   

Ireland
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

COMMISSION FOR ENERGY REGULATION
- - - - 3,399,097 - 3,399,097

DEPARTMENT OF COMMUNICATIONS
- - - - 914,006 - 914,006

MAYO COUNTY COUNCIL
- - - - - 564,653 564,653
Total - - - - 4,313,103 564,653 4,877,756
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

CORRIB PROJECT
- - - - 4,313,103 564,653 4,877,756
Total - - - - 4,313,103 564,653 4,877,756

   

Italy
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

BASILICATA REGION (VDA)
- - 62,089,905 - - - 62,089,905

CALVELLO MUNICIPALITY
- - 1,753,127 - - - 1,753,127

GRUMENTO NOVA MUNICIPALITY
- - 1,001,787 - - - 1,001,787

MARSICO NUOVO MUNICIPALITY
- - 751,340 - - - 751,340

MARSICOVETERE MUNICIPALITY
- - 250,447 - - - 250,447

MONTEMURRO MUNICIPALITY
- - 250,447 - - - 250,447
Tesoreria Provinciale dello Stato - 102,686,074 31,305,835 - - - 133,991,908

VIGGIANO MUNICIPALITY
- - 6,949,895 - - - 6,949,895
Total - 102,686,074 104,352,782 - - - 207,038,856
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

ITALY UPSTREAM ASSET
- - 104,352,782 - - - 104,352,782
ENTITY LEVEL PAYMENT

SHELL ITALIA E&P SpA
- 102,686,074 - - - - 102,686,074
Total - 102,686,074 104,352,782 - - - 207,038,856

   

Norway
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
DIREKTORATET FOR SAMFUNNSSIKKERHET - - - - 453,596 - 453,596

OLJEDIREKTORATET
- - - - 10,492,924 - 10,492,924

PETORO AS
1,892,922,939 [B] - - - - - 1,892,922,939

SKATTE OG AVGIFTSREGNSKAP
- 1,135,199,247 - - - - 1,135,199,247

SKATTEOPPKREVEREN I SOLA
- 2,153,200 - - - - 2,153,200

STATOIL ASA
1,115,666,182 [A] - - - - - 1,115,666,182
Total 3,008,589,121 1,137,352,447 - - 10,946,519 - 4,156,888,087
PROJECT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS
NORWAY  EXPLORATION PROJECTS - - - - 7,999,522 - 7,999,522

ORMEN LANGE AND DRAUGEN
3,008,589,121 [C] - - - 2,946,998 - 3,011,536,118
ENTITY LEVEL PAYMENT

A/S NORSKE SHELL
- 1,137,352,447 - - - - 1,137,352,447
Total 3,008,589,121 1,137,352,447 - - 10,946,519 - 4,156,888,087

[A] Includes payment in kind of $ 1,115,666,182 for 27,632 KBOE valued at market price.

[B] Includes payment in kind of $ 1,892,922,939 for 45,330 KBOE valued at market price.

[C] Includes payment in kind of $ 3,008,589,121 for 72,962 KBOE valued at market price.

United Kingdom
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

DEPARTMENT OF ENERGY AND CLIMATE
- - - - 5,460,057 - 5,460,057

HM REVENUE & CUSTOMS
- (128,360,400) - - - - (128,360,400)
Total - (128,360,400) - - 5,460,057 - (122,900,344)
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS
BRENT AND OTHER
NORTHERN NORTH SEA PROJECTS
- (154,366,735) - - 668,744 - (153,697,991)

ONEGAS WEST
- 52,759,167 - - 1,239,639 - 53,998,805

UK EXPLORATIONS PROJECTS
- - - - 631,198 - 631,198

UK OFFSHORE – OPERATED
- 1,385,824 - - 910,161 - 2,295,985

UK OFFSHORE - NON OPERATED
- 596,370 - - 909,622 - 1,505,991

WEST OF SHETLAND - NON OPERATED
- - - - 158,910 - 158,910
ENTITY LEVEL PAYMENT

SHELL U.K. LIMITED
- (28,735,025) - - 941,782 - (27,793,243)
Total - (128,360,400) - - 5,460,057 - (122,900,344)

   

Brunei Darussalam
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

BRUNEI NATIONAL PETROLEUM COMPANY
- - - - 300,277 - 300,277

GOVERNMENT OF BRUNEI DARUSSALAM
- 102,227,436 - - 1,410,139 - 103,637,575
Total - 102,227,436 - - 1,710,416 - 103,937,853
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

BRUNEI OFFSHORE BLOCKS
- 100,243,458 - - 1,710,416 - 101,953,875
ENTITY LEVEL PAYMENTS

SHELL DEEPWATER BORNEO LIMITED
- 1,983,978 - - - - 1,983,978
Total - 102,227,436 - - 1,710,416 - 103,937,853

   

China
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
CHINA NATIONAL OFFSHORE OIL CORPORATION - - - 250,000 - - 250,000
CHINA NATIONAL PETROLEUM CORPORATION 450,383,889 [A] - - - - - 450,383,889
SHAANXI PROVINCE OFFICE OF STATE ADMINISTRATION OF TAXATION - - 7,686,464 [D] - - - 7,686,464
SICHUAN PROVINCIAL OFFICE OF STATE ADMINISTRATION OF TAXATION - - 922,004 [E] - - - 922,004
Total 450,383,889 - 8,608,468 250,000 - - 459,242,357
PROJECT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

CHANGBEI
431,541,584 [B] - 7,686,464 [F] - - - 439,228,048

JINQIU+FUSHUN+ZITONG
18,842,305 [C] - 922,004 [G] - - - 19,764,309

YINGGEHAI
- - - 250,000 - - 250,000
Total 450,383,889 - 8,608,468 250,000 - - 459,242,357

[A] Includes payment in kind of $ 447,955,875 for 11,949 KBOE valued at government selling price and $2,428,014 for 50 KBOE valued at market price.

[B] Includes payment in kind of $ 429,138,778 for 11,452 KBOE valued at government selling price and $2,402,806 for 50 KBOE valued at market price.

[C] Includes payment in kind of $ 18,817,096 for 497 KBOE valued at government selling price.

[D] Includes payment in kind of $ 7,686,464 for 205 KBOE valued at government selling price.

[E] Includes payment in kind of $ 922,004 for 24 KBOE valued at government selling price.

[F] Includes payment in kind of $ 7,686,464 for 205 KBOE valued at government selling price.

[G] Includes payment in kind of $ 922,004 for 24 KBOE valued at government selling price.

Indonesia
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

BPN 019 DITJEN MIGAS VALAS
- - - 1,000,000 - - 1,000,000
Total - - - 1,000,000 - - 1,000,000
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

PULAU MOA SELATAN
- - - 1,000,000 - - 1,000,000
Total - - - 1,000,000 - - 1,000,000

   

Iraq
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

SOUTH OIL COMPANY
1,335,946,438 [A] 23,303,080 [B] - - - - 1,359,249,519
Total 1,335,946,438 23,303,080 - - - - 1,359,249,519
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

MAJNOON
1,335,946,438 [A] 15,689,830 [C] - - - - 1,351,636,269

WEST QURNA
- 7,613,250 [D] - - - - 7,613,250
Total 1,335,946,438 23,303,080 - - - - 1,359,249,519

[A] Includes payment in kind of $ 1,335,946,438 for 30,844 KBOE valued at market price.

[B] Includes payment in kind of $ 23,303,080 for 485 KBOE valued at market price.

[C] Includes payment in kind of $ 15,689,830 for 342 KBOE valued at market price.

[D] Includes payment in kind of $ 7,613,250 for 142 KBOE valued at market price.

Jordan
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

MINISTRY OF ENERGY AND MINERAL RESOURCES
- - - 3,000,000 - - 3,000,000
Total - - - 3,000,000 - - 3,000,000
Show
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

JORDAN FIELD EXPERIMENT
- - - 3,000,000 - - 3,000,000
Total - - - 3,000,000 - - 3,000,000

   

Malaysia
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
KETUA PENGARAH HASIL DALAM NEGERI - 170,964,023 - - - - 170,964,023
MALAYSIA FEDERAL & STATE GOVERNMENTS - - 636,889,457 [E] - - - 636,889,457
PETROLIAM NASIONAL BERHAD 1,973,373,325 [A] - 140,732,278 - 35,000,000 - 2,149,105,603
PETRONAS CARIGALI SDN BHD (KL) 1,450,108,067 [B] 3,482,445 - - - - 1,453,590,513
Total 3,423,481,392 174,446,468 777,621,735 - 35,000,000 - 4,410,549,595
PROJECT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS
SABAH INBOARD AND DEEPWATER OIL 580,669,210 [C] - 215,776,998 [F] - - - 796,446,208
SARAWAK OIL AND GAS 2,842,812,182 [D] 172,351,709 561,308,475 [G] - 35,000,000 - 3,611,472,365
ENTITY LEVEL PAYMENT 
SABAH SHELL PETROLEUM COMPANY LIMITED - 368,210 268,185 - - - 636,395
SARAWAK SHELL BERHAD - 421,287 - - - - 421,287
SHELL ENERGY ASIA LIMITED - 181,807 - - - - 181,807
SHELL OIL & GAS (MALAYSIA) LLC - 587,157 - - - - 587,157
SHELL SABAH SELATAN SDN. BHD. - 536,297 268,078 - - - 804,374
Total 3,423,481,392 174,446,468 777,621,735 - 35,000,000 - 4,410,549,595

[A] Includes payment in kind of $ 1,490,806,283 for 66,716 KBOE valued at fixed price and $ 482,567,042 for 9,563 KBOE valued at market price.

[B] Includes payment in kind of $ 884,382,103 for 41,435 KBOE valued at fixed price and $ 565,725,964 for 10,333 KBOE valued at market price.

[C] Includes payment in kind of $ 42,309 for 25 KBOE valued at fixed price and $ 580,626,901 for 10,160 KBOE valuated at market price.

[D] Includes payment in kind of $ 2,375,146,076 for 108,125 KBOE valued at fixed price and $ 467,666,106 for 9,736 KBOE valued at market price.

[E] Includes payment in kind of $ 371,201,768 for 17,179 KBOE valued at fixed price and $ 265,687,689 for 4,948 KBOE valued at market price.

[F] Includes payment in kind of $ 21,586 for 13 KBOE valued at fixed price and $ 196,088,735 for 3,452 KBOE valued at market price.

[G] Includes payment in kind of $ 371,180,182 for 17,166 KBOE valued at fixed price and $ 69,598,954 for 1,496 KBOE valued at market price.

Oman
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

OMAN - MINISTRY OF FINANCE
- 2,112,924,584 [A] - - - - 2,112,924,584
Total - 2,112,924,584 - - - - 2,112,924,584
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

BLOCK 6 CONCESSION
- 2,089,920,954 - - - - 2,089,920,954

MUKHAIZNA PSC
- 23,003,630 [B] - - - - 23,003,630
Total - 2,112,924,584 - - - - 2,112,924,584

[A] Includes payment in kind of $ 23,003,630 for 442 KBOE valued at government selling price.

[B] Includes payment in kind of $ 23,003,630 for 442 KBOE valued at government selling price.

Philippines
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

BUREAU OF INTERNAL REVENUE
- 78,622,555 - - - - 78,622,555

DEPARTMENT OF ENERGY
315,828,963 - - - - - 315,828,963

PNOC EXPLORATION CORPORATION
92,466,143 - - - - - 92,466,143
Total 408,295,106 78,622,555 - - - - 486,917,661
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

SC 38 MALAMPAYA GAS
408,295,106 78,622,555 - - - - 486,917,661
Total 408,295,106 78,622,555 - - - - 486,917,661

   

Qatar
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

QATAR PETROLEUM
452,582,830 520,599,000 - - - - 973,181,830

RAS LAFFAN INDUSTRIAL CITY
- - - - 16,475,980 - 16,475,980
Total 452,582,830 520,599,000 - - 16,475,980 - 989,657,810
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

PEARL GTL
452,582,830 520,599,000 - - 16,475,980 - 989,657,810
Total 452,582,830 520,599,000 - - 16,475,980 - 989,657,810

   

Australia
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

AUSTRALIAN TAXATION OFFICE
- 757,694,007 - - - - 757,694,007

DEPARTMENT OF INDUSTRY
- - 120,230,627 - 208,637 - 120,439,264
Total - 757,694,007 120,230,627 - 208,637 - 878,133,272
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

AUSTRALIA EXPLORATION PROJECTS
- - - - 208,637 - 208,637

NORTH WEST SHELF
- - 120,230,627 - - - 120,230,627
ENTITY LEVEL PAYMENT

SHELL AUSTRALIA PTY LTD
- 757,694,007 - - - - 757,694,007
Total - 757,694,007 120,230,627 - 208,637 - 878,133,272

   

New Zealand
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

INLAND REVENUE DEPARTMENT
- 58,845,962 - - - - 58,845,962
MINISTRY OF ECONOMIC DEVELOPMENT - - 64,908,372 - 139,534 - 65,047,905
Total - 58,845,962 64,908,372 - 139,534 - 123,893,867
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

KAPUNI
- - 742,945 - - - 742,945

MAUI
- - 8,454,316 - - - 8,454,316

POHOKURA
- - 55,711,110 - - - 55,711,110
ENTITY LEVEL PAYMENT
SHELL NEW ZEALAND (2011) LIMITED - 58,845,962 - - 139,534 - 58,985,496
Total - 58,845,962 64,908,372 - 139,534 - 123,893,867

   

Egypt
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

EGYPTIAN GENERAL PETROLEUM CORPORATION
- 85,566,882 - 100,000,000 - - 185,566,882
Total - 85,566,882 - 100,000,000 - - 185,566,882
PROJECT REPORT (IN USD)
Production Entitlement
Taxes
Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

BADR EL-DIN (BED)
- 37,921,247 - 100,000,000 - - 137,921,247

NORTH EAST ABU GHARADIG (NEAG)
- 13,223,246 - - - - 13,223,246

OBAIYED
- 34,422,390 - - - - 34,422,390
Total - 85,566,882 - 100,000,000 - - 185,566,882

   

Gabon
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS

COMMUNE DE GAMBA.
- - - - - 16,791,230 16,791,230

GABON OIL COMPANY
187,850,672 [A] - - - - - 187,850,672

TRESORIER PAY.GEN. DU GABON
1,698,389 69,633,947 63,593,392 1,200,000 12,265,634 - 148,391,361
Total 189,549,061 69,633,947 63,593,392 1,200,000 12,265,634 16,791,230 353,033,264
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

GABON CENTRAL
55,488,726 [B] - 16,583,412 - 683,055 - 72,755,193

GABON EXPLORATION
- - - - 258,560 - 258,560

GABON NORTH EAST
131,464,575 [C] - 38,400,345 1,200,000 10,896,697 - 181,961,617

GABON SOUTH
2,595,760 [D] - 8,609,635 - 427,322 16,791,230 28,423,947
ENTITY LEVEL PAYMENT

SHELL GABON SA
- 69,633,947 - - - - 69,633,947
Total 189,549,061 69,633,947 63,593,392 1,200,000 12,265,634 16,791,230 353,033,264

[A] Includes payment in kind of $ 187,850,672 for 3,881 KBOE valued at market price.

[B] Includes payment in kind of $ 55,488,726 for 1,134 KBOE valued at market price.

[C] Includes payment in kind of $ 131,464,575 for 2,729 KBOE valued at market price.

[D] Includes payment in kind of $ 897,371 for 18 KBOE valued at market price.

Nigeria
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
DEPARTMENT OF PETROLEUM RESOURCES - - 378,551,263 [I] - 200,638,000 - 579,189,263
FEDERAL INLAND REVENUE SERVICE (FIRS) - 717,920,620 [F] - - - - 717,920,620
FEDERATION ACCOUNT WITH CBN - - - - 291,115 - 291,115
NIGER DELTA DEVELOPMENT COMMISSION - - - - 46,946,550 - 46,946,550
NIGERIAN NATIONAL PETROLEUM CORPORATION 3,607,646,387 [A] - - - - - 3,607,646,387
Total 3,607,646,387 717,920,620 378,551,263 - 247,875,666 - 4,951,993,936
PROJECT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

PSC 1993 (OPL209)
- 88,954,570 [G] - - - - 88,954,570
PSC 1993 (OPL212/OML118, OPL219/OML135) 799,332,160 [B] 368,870,290 [H] 37,424,320 [I] - - - 1,205,626,770

SPDC EAST
1,592,115,125 [C] - - - - - 1,592,115,125
SPDC SHALLOW WATER 417,866,579 [D] - - - - - 417,866,579

SPDC WEST
798,332,523 [E] - - - - - 798,332,523
ENTITY LEVEL PAYMENT 
THE SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LIMITED - 260,095,760 341,126,943 - 247,875,666 - 849,098,369
Total 3,607,646,387 717,920,620 378,551,263 - 247,875,666 - 4,951,993,936

[A] Includes payment in kind of $ 3,607,646,387 for 114,069 KBOE valued at market price.

[B] Includes payment in kind of $ 799,332,160 for 14,732 KBOE valued at market price.

[C] Includes payment in kind of $ 1,592,115,125 for 76,215 KBOE valued at market price.

[D] Includes payment in kind of $ 417,866,579 for 8,068 KBOE valued at market price.

[E] Includes payment in kind of $ 798,332,523 for 15,054 KBOE valued at market price.

[F] Includes payment in kind of $ 457,824,860 for 8,996 KBOE valued at market price.

[G] Includes payment in kind of $ 88,954,570 for 2,000 KBOE valued at market price.

[H] Includes payment in kind of $ 368,870,290 for 6,996 KBOE valued at market price.

[I] Includes payment in kind of $ 37,424,320 for 703 KBOE valued at market price.

Canada
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERMENTS

ALBERTA ENERGY REGULATOR
- - - - 6,943,108 - 6,943,108
ALBERTA PETROLEUM MARKETING COMMISSION - - (520,897) [A] - - - (520,897)

CLEARWATER COUNTY
- - - - 422,530 - 422,530
DUNCANS CARMON CREEK COMMUNITY - - - - 386,488 - 386,488

GOVERNMENT OF ALBERTA
- 580,528 89,697,729 - - - 90,278,257

INDUSTRY CANADA
- - - - 230,669 - 230,669
KIPOHTAKAW
MANAGEMENT CORP – ALEXANDER FIRST NATION
- - - - - 359,982 359,982
MIKISEW CREE FIRST
NATION TRUST
- - - - 865,771 - 865,771

MIKISEW CREE GOVERNMENT
- - - - 283,331 - 283,331

MINISTER OF FINANCE
- - 594,864 - 852,236 - 1,447,100

MINISTRY OF EMPLOY. & INVEST.
- - - - 770,691 - 770,691
MUNICIPAL DISTRICT OF
GREENVIEW NO.
-- - - - 581,296 - 581,296
Peace Hills Trust Company – Woodland Cree First Nation - - - - 3,872,603 - 3,872,603

PROVINCIAL TREASURER OF ALBERTA
- - - - 26,204,584 - 26,204,584

RECEIVER GENERAL FOR CANADA
- 2,811,449 9,732,667 - 3,308,335 - 15,852,451
Royal Trust Corporation of Canada – Fort McKay First Nation - - - - 2,164,413 - 2,164,413

SUCKER CREEK FIRST NATION
- - - - 243,922 - 243,922

YELLOWHEAD COUNTY
- - - - 262,426 - 262,426
Total - 3,391,977 99,504,363 - 47,392,403 359,982 150,648,725

   

Canada
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

ATHABASCA OIL SANDS
- - 62,808,847 - 10,487,291 73,296,138

FOOTHILLS
- 580,528 17,768,857 - 694,278 - 19,043,664

GREATER DEEP BASIN
- - 324,513 [A] - 10,067,710 359,982 10,752,205

GROUNDBIRCH
- - 594,864 - 3,898,403 - 4,493,267

INSITU
- - 10,959,461 - 22,244,721 33,204,182

SABLE DEEPWATER
- - 7,047,820 - - - 7,047,820
ENTITY LEVEL PAYMENT

BLACKROCK VENTURES INC.
- 2,811,449 - - - - 2,811,449
Total - 3,391,977 99,504,363 - 47,392,403 359,982 150,648,725

[A] Includes payment in kind of $ 136,536 for 4 KBOE valued at government selling price.

United States of America (USA)
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
COMMISSIONER OF THE GENERAL LAND - - - - 466,563 - 466,563
COMMONWEALTH OF PENNSYLVANIA - - - - 11,706,305 - 11,706,305
DIRECTOR, DIVISION OF OIL AND GAS - - - - 202,840 - 202,840

INTERNAL REVENUE SERVICE
- (237,747,204) - - - - (237,747,204)
LOUISIANA STATE REVENUE TAX DEPT - 3,444,657 - - - - 3,444,657
OFFICE OF NATURAL RESOURCES REVENUE - - 479,001,616 - 60,109,206 - 539,110,822
PA DEPARTMENT OF TRANSPORTATION - - - - 700,000 - 700,000

STATE OF LOUISIANA
- (9,759,083) - - - - (9,759,083)

STATE OF PENNSYLVANIA
- 220,000 - - - - 220,000

STATE OF TEXAS
- 8,395,241 13,941,794 - - - 22,337,035

STATE OF WYOMING
- 19,407,697 - - - - 19,407,697
SUSQUEHANNA RIVER BASIN COMMISSION - - - - 758,579 - 758,579
TEXAS GENERAL LAND OFFICE - - - - 452,264 - 452,264
THE UNIVERSITY OF TEXAS SYSTEM - - - - 773,220 - 773,220
Total - (216,038,692) 492,943,410 - 75,168,977 - 352,073,695

   

United States of america (USA)
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

ALASKA EXPLORATION
- - - - 6,882,404 - 6,882,404

APPALACHIA
- - - - 13,164,884 - 13,164,884

GULF OF MEXICO (WEST)
- - 163,352,599 - - - 163,352,599

GULF OF MEXICO (CENTRAL)
- - 315,649,017 - - - 315,649,017

GULF OF MEXICO EXPLORATION
- - - - 53,429,642 - 53,429,642

NON CORE ASSETS
- 22,852,354 - - - - 22,852,354

PERMIAN
- 16,054,906 13,941,794 - 1,692,047 - 31,688,746
ENTITY LEVEL PAYMENT
SHELL EXPLORATION & PRODUCTION COMPANY - 1,217,700 - - - - 1,217,700

SHELL GULF OF MEXICO INC.
- (23,578,340) - - - - (23,578,340)

SHELL OFFSHORE INC.
- (216,255,520) - - - - (216,255,520)

SHELL OIL COMPANY
- (16,329,792) - - - - (16,329,792)
Total - (216,038,692) 492,943,410 - 75,168,977 - 352,073,695

   

Argentina
GOVERNMENT REPORT (IN USD) 
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERNMENTS
AFIP DIRECCIÓN GENERAL IMPOSITIVA - 1,114,712 - - - - 1,114,712
BANCO PROVINCIA DEL NEUQUEN S.A. - - 4,239,029 - - - 4,239,029
GAS Y PETROLEO DEL NEUQUEN
S.A.
- - - 12,000,000 139,000 - 12,139,000
Provincia de Salta- Dirección de Recursos Tributarios Energéticos - - 5,338,345 - - - 5,338,345
Provincia del Neuquén - Ministerio de Economía - - - - 236,684 - 236,684
Total - 1,114,712 9,577,374 12,000,000 375,684 - 23,067,771
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

ACAMBUCO
- - 5,338,345 - - - 5,338,345
ARGENTINA UNCONVENTIONAL PROJECTS - - 4,239,029 12,000,000 375,684 - 16,614,714
ENTITY LEVEL PAYMENT

O & G DEVELOPMENTS LTD S.A.
- 1,114,712 - - - - 1,114,712
Total - 1,114,712 9,577,374 12,000,000 375,684 - 23,067,771

   

Brazil
GOVERNMENT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
GOVERMENTS
Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis - - - - 2,669,289 - 2,669,289

MINISTERIO DA FAZENDA
- 1,144,389 65,401,759 - - - 66,546,148

PETROLEO BRASILEIRO S A
- - - - 262,162 - 262,162
Total - 1,144,389 65,401,759 - 2,931,450 - 69,477,599
PROJECT REPORT (IN USD)
Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total
PROJECTS

BASIN EXPLORATION PROJECTS
- - - - 582,284 - 582,284

BC-10
- 1,144,389 40,551,350 - 877,222 - 42,572,961

BIJUPIRA & SALEMA
- - 24,850,409 - 393,972 - 25,244,382
ENTITY LEVEL PAYMENT

SHELL BRASIL PETROLEO LTDA
- - - - 1,077,972 - 1,077,972
Total - 1,144,389 65,401,759 - 2,931,450 - 69,477,599

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.

.

1 This Report is not corrected for rounding.


Source: PR Newswire (April 18, 2016 - 3:21 AM EDT)

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