26th Mar 2019 15:04
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, 2018 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 2018 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 $110,960)1 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, 2018 (USD in thousands)
| Bolivia | ||||||||||||||||||
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| Licenses | Production |
| Infrastructure |
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Barolivia Mine (Barite) | 22.2 | 106.4 | 3.8 | 0 | 0 | 0 | 0 | 132.4 | ||||||||||
| 2018 Total | 22.2 | 106.4 | 3.8 | 0 | 0 | 0 | 0 | $ | 132.4 | |||||||||
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| Licenses | Production |
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| La Autoridad Jurisdiccional Administrativa Minera (AJAM) | 22.2 | 0 | 0 | 0 | 0 | 0 | 0 | 22.2 | ||||||||||
| Servicio Nacional de Registro Y Control de la Comercialización de Minerals y Metales (SENARECOM) | 0 | 106.4 | 0 | 0 | 0 | 0 | 0 | 106.4 | ||||||||||
| Gobierno Autonomo Municipal de Oruro (GAMO) | 0 | 0 | 3.8 | 0 | 0 | 0 | 0 | 3.8 | ||||||||||
| 2018 Total | 22.2 | 106.4 | 3.8 | 0 | 0 | 0 | 0 | $ | 132.4 | |||||||||
| Georgia | ||||||||||||||||||
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Rustaveli | 0 | 0 | 173 | 3,196(a) | 0 | 0 | 0 | 3,369 | ||||||||||
| 2018 Total | 0 | 0 | 173 | 3,196 | 0 | 0 | 0 | $ | 3,369 | |||||||||
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| Licenses | Production |
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Georgian Oil and Gas Corporation | 0 | 0 | 128 | 3,196 | 0 | 0 | 0 | 3,324 | ||||||||||
| Ministry of Finance | 0 | 45 | 0 | 0 | 0 | 0 | 45 | |||||||||||
| 2018 Total | 0 | 0 | 72 | 3,196 | 0 | 0 | 0 | $ | 3,369 | |||||||||
| (a) Represents payment in kind of 55,857 barrels (bbls) of crude oil. | ||||||||||||||||||
| Morocco | ||||||||||||||||||
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| COMABAR (Barite) | 1,885.2 | 0 | 0 | 0 | 0 | 0 | 3,316.4 | 5,201.6 | ||||||||||
| 2018 Total | 1,885.2 | 0 | 0 | 0 | 0 | 0 | 3,316.4 | $ | 5,201.6 | |||||||||
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| Licenses | Production |
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| General Tax Administration | 1,885.2 | 0 | 0 | 0 | 0 | 0 | 0 | 1,885.2 | ||||||||||
| Office National des Hydrocarbures et des Mines (ONHYM) | 0 | 0 | 0 | 0 | 0 | 0 | 3,316.4 | 3,316.4 | ||||||||||
| 2018 Total | 1,885.2 | 0 | 0 | 0 | 0 | 0 | 3,316.4 | $ | 5,201.6 | |||||||||
| United Kingdom | ||||||||||||||||||
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Foss Mine (Barite) | 29.0 | 133.8 | 6.2 | 0 | 0 | 0 | 0 | 169.0 | ||||||||||
| Duntanlich (Barite) | 23.4 | 0 | 126.2 | 0 | 0 | 0 | 0 | 149.5 | ||||||||||
| 2018 Total | 52.3 | 133.8 | 132.3 | 0 | 0 | 0 | 0 | $ | 318.5 | |||||||||
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| Taxes | Royalties2 | and Fees | Entitlements | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Forestry Commission of Scotland | 0 | 133.8 | 126.2 | 0 | 0 | 0 | 0 | 260.0 | ||||||||||
| Scottish Environment Protection Agency (SEPA) | 0 | 0 | 6.2 | 0 | 0 | 0 | 0 | 6.2 | ||||||||||
| HM Revenue and Customs | 23.4 | 0 | 0 | 0 | 0 | 0 | 0 | 23.4 | ||||||||||
| Perth & Kinross Council | 28.9 | 0 | 0 | 0 | 0 | 0 | 0 | 28.9 | ||||||||||
| 2018 Total | 52.3 | 133.8 | 132.3 | 0 | 0 | 0 | 0 | $ | 318.5 | |||||||||
| United States | ||||||||||||||||||
| Project Report | ||||||||||||||||||
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| Licenses | Production | Bonues | Infrastructure |
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| Taxes | Royalties2 | and Fees | Entitlements2 | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Alma Mine (Frac Sand) | 346.7 | 0 | 4.2 | 0 | 0 | 0 | 0 | 350.9 | ||||||||||
| Greybull Mine (Bentonite) | 1,601.1 | 248.2 | 9.2 | 123.3 | 0 | 0 | 0 | 1,981.8 | ||||||||||
| Hixton Mine (Frac Sand) | 461.8 | 0 | 42.1 | 0 | 0 | 25.4 | 0 | 529.3 | ||||||||||
| Greystone Mine (Barite) | 362.2 | 97.5 | 17.0 | 0 | 0 | 0 | 0 | 476.7 | ||||||||||
| Kermit Mine (Frac Sand) | 134.7 | 0 | 17.2 | 0 | 0 | 0 | 0 | 151.9 | ||||||||||
| Monahans Mine (Frac Sand) | 57.3 | 0 | 34.5 | 0 | 0 | 1,002.0 | 0 | 1,093.8 | ||||||||||
| 2018 Total | 2963.8 | 345.7 | 124.2 | 123.3 | 0 | 1027.4 | 0 | $ | 4,584.6 | |||||||||
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| Taxes | Royalties2 | and Fees | Entitlements2 | Bonuses | Improvements | Dividends | Total3 | |||||||||||
| Jackson County | 201.7 | 0 | 10.4 | 0 | 0 | 0 | 0 | 212.1 | ||||||||||
| Mine Safety and Health Administration | 0 | 0 | 4.5 | 0 | 0 | 0 | 0 | 4.5 | ||||||||||
| Alma Town | 24.8 | 0 | 0 | 0 | 0 | 0 | 0 | 24.8 | ||||||||||
| Mentor Town | 312.3 | 0 | 0 | 0 | 0 | 0 | 0 | 312.3 | ||||||||||
| Curran Town | 269.7 | 0 | 35.0 | 0 | 0 | 25.3 | 0 | 330.0 | ||||||||||
| Ward County | 57.3 | 0 | 0 | 0 | 0 | 0 | 0 | 57.3 | ||||||||||
| Texas Commission Environmental Quality (TCEQ) | 0 | 0 | 49.0 | 0 | 0 | 0 | 0 | 49.0 | ||||||||||
| Texas Department of Transportation | 0 | 0 | 0 | 0 | 0 | 1,002.0 | 0 | 1,002.0 | ||||||||||
| Winkler County | 134.7 | 0 | 0 | 0 | 0 | 0 | 0 | 134.7 | ||||||||||
| Lander County | 40.2 | 97.5 | 0.3 | 0 | 0 | 0 | 0 | 138.0 | ||||||||||
| State of Nevada | 322.2 | 0 | 7.0 | 0 | 0 | 0 | 0 | 329.2 | ||||||||||
| Air Quality Division of Wyoming | 0 | 0 | 3.2 | 0 | 0 | 0 | 0 | 3.2 | ||||||||||
| Big Horn County | 909.4 | 0 | 0 | 0.4 | 0 | 0 | 0 | 909.8 | ||||||||||
| Bureau of Land Management | 0 | 0 | 9.6 | 122.2 | 0 | 0 | 0 | 131.8 | ||||||||||
| Office of State Lands and Investments of Wyoming | 0 | 248.2 | 4.6 | 0.6 | 0 | 0 | 0 | 253.4 | ||||||||||
| Solid and Hazardous Wastes Department of Wyoming | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0.2 | ||||||||||
| State of Wyoming | 691.7 | 0 | 0 | 0 | 0 | 0 | 0 | 691.7 | ||||||||||
| United States Department of Agriculture | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | ||||||||||
| Washakie County | 0 | 0 | 0 | 0.1 | 0 | 0.1 | 0 | 0.2 | ||||||||||
| Water Quality Division of Wyoming | 0 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0.3 | ||||||||||
| 2018 Total | 2,964.0 | 345.7 | 124.2 | 123.3 | 0 | 1027.4 | 0 | $ | 4,584.6 | |||||||||
| 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 $32.82 billion in 2018. For more information, visit www.slb.com.
Schlumberger Limitedwww.slb.com
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