29th Jun 2018 16:14
Reports on Payments to Governments for the year ended 31 December 2017.
Schlumberger Limited is providing the following disclosure pursuant to DTR 4.3A of the UK Financial Conduct Authority’s Disclosure Rules and Transparency Rules, which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to governments for the year ended December 31, 2017 relating to “extractive industries” as defined by, and required under, the Reports on Payments to Governments Regulations 2014 (SI 2014/3209) (as amended, the “UK Regulations”). The following schedules disclose the payments made by the Company in 2017 to governments in Bolivia, Georgia, Morocco, the United Kingdom and the United States in connection with Schlumberger’s extractive activities under the UK Regulations, including its operation of sand and barite mines.
Payments are disclosed in US Dollars. Where a payment or a series of related payments is less than the equivalent of £86 000 (USD $116,269) such payments have been excluded (in line with the UK Regulations). Payments made in currencies other than United States Dollars are converted based on the foreign exchange rate at the relevant annual average rate.
Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.
Year ended December 31, 2017 (USD in thousands)
| Bolivia | ||||||||||||||||
| Project Report | ||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | |||||||||
| Barolivia Mine (Barite) | 25.5 | 101.6 | 3.7 | 0 | 0 | 0 | 0 | 130.8 | ||||||||
| 2017 Total | 25.5 | 101.6 | 3.7 | 0 | 0 | 0 | 0 | $ 130.8 | ||||||||
| Government Report | ||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | |||||||||
| La Autoridad Jurisdiccional AdministrativaMinera (AJAM) | 25.5 | 0 | 0 | 0 | 0 | 0 | 0 | 25.5 | ||||||||
| Servicio Nacional de Registro Y Controlde la Comercialización de Minerals yMetales (SENARECOM)
| 0 | 101.6 | 0 | 0 | 0 | 0 | 0 | 101.6 | ||||||||
| Gobierno Autonomo Municipal de Oruro(GAMO) | 0 | 0 | 3.7 | 0 | 0 | 0 | 0 | 3.7 | ||||||||
| 2017 Total | 25.5 | 101.6 | 3.7 | 0 | 0 | 0 | 0 | $ 130.8 |
| Georgia | |||||||||||||||||||||||||||||||||||||||||
| Project Report | |||||||||||||||||||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||||||||||||||||||
| Rustaveli | 243 | 0 | 72 | 727 (a) | 0 | 0 | 0 | 1,042 | |||||||||||||||||||||||||||||||||
| 2017 Total | 243 | 0 | 72 | 727 | 0 | 0 | 0 | $ 1,042 | |||||||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||||||||||||
| Government Report | |||||||||||||||||||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||||||||||||||||||
| Georgian Oil and Gas Corporation | 0 | 0 | 45 | 727 | 0 | 0 | 0 | 772 | |||||||||||||||||||||||||||||||||
| Ministry of Energy | 0 | 27 | 0 | 0 | 0 | 0 | 27 | ||||||||||||||||||||||||||||||||||
| Revenue Service of Georgia | 243 | 0 | 0 | 0 | 0 | 0 | 0 | 243 | |||||||||||||||||||||||||||||||||
| 2017 Total | 243 | 0 | 72 | 727 | 0 | 0 | 0 | $ 1,042 | |||||||||||||||||||||||||||||||||
| (a) Represents payment in kind of 17,103 barrels (bbls) of crude oil. | |||||||||||||||||||||||||||||||||||||||||
| Morocco | |||||||||||||||||||||||||
| Project Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| COMABAR (Barite) | 1,663.4 | 0 | 0 | 0 | 0 | 0 | 3,617.7 | 5,281.1 | |||||||||||||||||
| 2017 Total | 1,663.4 | 0 | 0 | 0 | 0 | 0 | 3,617.7 | $ 5,281.1 | |||||||||||||||||
| Government Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| General Tax Administration | 1,663.4 | 0 | 0 | 0 | 0 | 0 | 0 | 1,663.4 | |||||||||||||||||
| Office National des Hydrocarbures et des Mines (ONHYM) | 0 | 0 | 0 | 0 | 0 | 0 | 3,617.7 | 3,617.7 | |||||||||||||||||
| 2017 Total | 1,663.4 | 0 | 0 | 0 | 0 | 0 | 3,617.7 | $ 5,281.1 |
| United Kingdom | |||||||||||||||||||||||||
| Project Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| Foss Mine (Barite) | 6.9 | 163.7 | 45.0 | 0 | 0 | 0 | 0 | 215.8 | |||||||||||||||||
| 2017 Total | 6.9 | 163.7 | 45.2 | 0 | 0 | 0 | 0 | $ 215.8 | |||||||||||||||||
| Government Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| Forestry Commission of Scotland | 0 | 163.7 | 0 | 0 | 0 | 0 | 0 | 163.7 | |||||||||||||||||
| Scottish Environment Protection Agency (SEPA) | 0 | 0 | 7.4 | 0 | 0 | 0 | 0 | 7.4 | |||||||||||||||||
| Health and Safety Executive Mines Inspectorate | 0 | 0 | 7.4 | 0 | 0 | 0 | 0 | 7.4 | |||||||||||||||||
| HM Revenue and Customs | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 | |||||||||||||||||
| Perth & Kinross Council | 5.7 | 0 | 30.4 | 0 | 0 | 0 | 0 | 36.1 | |||||||||||||||||
| 2017 Total | 6.9 | 163.7 | 45.2 | 0 | 0 | 0 | 0 | $ 215.8 |
| United States | |||||||||||||||||||||||||
| Project Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | LicensesandFees | ProductionEntitlements2 | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| Greybull Mine (Bentonite) | 1329.1 | 209.9 | 15.6 | 139.6 | 0 | 0 | 0 | 1694.3 | |||||||||||||||||
| Hixton Mine (Frac Sand) | 561.4 | 35.0 | 34.9 | 0 | 0 | 0 | 0 | 631.3 | |||||||||||||||||
| Greystone Mine (Barite) | 401.4 | 0 | 21.7 | 0 | 0 | 0 | 0 | 423.1 | |||||||||||||||||
| 2017 Total | 2,291.9 | 244.9 | 72.2 | 139.6 | 0 | 0 | 0 | $ 2,748.7 | |||||||||||||||||
| Government Report | |||||||||||||||||||||||||
| Taxes | Royalties2 | Licensesand Fees | ProductionEntitlements2 | Bonuses | InfrastructureImprovements | Dividends | Total3 | ||||||||||||||||||
| Jackson County | 0 | 0 | 25.4 | 0 | 0 | 0 | 0 | 25.4 | |||||||||||||||||
| Mine Safety and Health Administration | 0 | 0 | 1.6 | 0 | 0 | 0 | 0 | 1.6 | |||||||||||||||||
| Alma Town | 12.5 | 0 | 0 | 0 | 0 | 0 | 0 | 12.5 | |||||||||||||||||
| Curran Town | 263.3 | 35.0 | 0 | 0 | 0 | 0 | 0 | 298.3 | |||||||||||||||||
| Hixton Town | 285.6 | 0 | 0 | 0 | 0 | 0 | 0 | 285.6 | |||||||||||||||||
| State of Wisconsin | 0 | 0 | 7.9 | 0 | 0 | 0 | 0 | 7.9 | |||||||||||||||||
| Lander County | 88.3 | 0 | 0.3 | 0 | 0 | 0 | 0 | 88.6 | |||||||||||||||||
| State of Nevada | 313.1 | 0 | 7.1 | 0 | 0 | 0 | 0 | 320.0 | |||||||||||||||||
| Air Quality Division of Wyoming | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | |||||||||||||||||
| Big Horn County | 1058.9 | 0 | 8.7 | 0.5 | 0 | 0 | 0 | 1068.1 | |||||||||||||||||
| Bureau of Land Management | 0 | 0 | 14.3 | 122.4 | 0 | 0 | 0 | 136.7 | |||||||||||||||||
| Land Quality Division of Wyoming | 0 | 0 | 1.8 | 0 | 0 | 0 | 0 | 1.8 | |||||||||||||||||
| Office of State Lands and Investments of Wyoming | 0 | 209.9 | 4.6 | 16.6 | 0 | 0 | 0 | 231.2 | |||||||||||||||||
| Solid and Hazardous Wastes Department of Wyoming | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0.2 | |||||||||||||||||
| State of Wyoming | 270.2 | 0 | 0 | 0 | 0 | 0 | 0 | 270.2 | |||||||||||||||||
| United States Department of Agriculture | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | |||||||||||||||||
| Washakie County | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0.1 | |||||||||||||||||
| Water Quality Division of Wyoming | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0.2 | |||||||||||||||||
| 2017 Total | 2,291.9 | 244.9 | 72.3 | 139.6 | 0 | 0 | 0 | $ 2,748.6 |
Notes:
1. Payments made in local currencies are translated at the average exchange rate for the year. Conversion of GBP to USD based on a rate of £1 = $1.35197.
2. Royalty payments and production entitlements are paid in cash, except where noted. The value of production entitlements made in kind are calculated with reference to market rates at the time of payment.
3. Totals do not add exactly due to rounding.
About Schlumberger
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.
Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $30.44 billion in 2017. For more information, visit www.slb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180629005470/en/
Copyright Business Wire 2018
Related Shares:
SCL.L