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Schlumberger, Reports

Schlumberger Reports on Payments to Governments for the Year Ended 31 December 2019

30.06.2020 - 14:30:30

Business Wire India

Schlumberger Limited is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”) , 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, 2019 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2019 to governments in Bolivia, Georgia, Morocco, the United Kingdom and the United States in connection with Schlumberger’s extractive activities under the FCC, 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 EUR100,000 (USD $111,982) such payments have been excluded (in line with the FCC). Payments made in currencies other than United States Dollars are converted based on the foreign exchange rate at the relevant annual average rate.1

 

Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

 

Year ended December 31, 2019 (USD in thousands)

 
                               

Bolivia

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

Barolivia Mine (Barite)

23.0

 

100.9

 

3.9

 

0

 

0

 

0

 

0

 

127.8

2019 Total

23.0

 

100.9

 

3.9

 

0

 

0

 

0

 

0

 

$127.8

                               

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

La Autoridad Jurisdiccional Administrativa Minera (AJAM)

23.0

 

0

 

0

 

0

 

0

 

0

 

0

 

23.0

Servicio Nacional de Registro Y Control de la Comercialización de Minerals y Metales (SENARECOM)

0

 

100.9

 

0

 

0

 

0

 

0

 

0

 

100.9

Gobierno Autonomo Municipal de Oruro (GAMO)

0

 

0

 

3.9

 

0

 

0

 

0

 

0

 

3.9

2019 Total

23.0

 

100.9

 

3.9

 

0

 

0

 

0

 

0

 

$127.8

                               

Georgia

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

Rustaveli

0

 

0

 

98.8

 

3,474.3(a)

 

0

 

0

 

0

 

3,573.1

2019 Total

0

 

0

 

98.8

 

3,474.3

 

0

 

0

 

0

 

$3,573.1

                               

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

Georgian Oil and Gas Corporation

0

 

0

 

84.8

 

3,474.3

 

0

 

0

 

0

 

3,559.1

Ministry of Finance

 

 

0

 

14.0

 

0

 

0

 

0

 

0

 

14.0

2019 Total

0

 

0

 

98.8

 

3,474.3

 

0

 

0

 

0

 

$3,573.1

                               

(a) Represents payment in kind of 54,179 barrels (bbls) of crude oil.

                               

Morocco

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

COMABAR (Barite)

1,942.2

 

0

 

0

 

56.4

 

0

 

0

 

3,464.4

 

5,462.9

2019 Total

1,942.2

 

0

 

0

 

56.4

 

0

 

0

 

3,464.4

 

$5,462.9

                               

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

General Tax Administration

1,942.2

 

0

 

0

 

56.4

 

0

 

0

 

0

 

1,998.6

Office National des Hydrocarbures et des Mines (ONHYM)

0

 

0

 

0

 

0

 

0

 

0

 

3,464.4

 

3,464.4

2019 Total

1,942.2

 

0

 

0

 

56.4

 

0

 

0

 

3,464.4

 

$5,462.9

                               

United Kingdom

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

Foss Mine (Barite)

29.7

 

114.5

 

4.9

 

0

 

0

 

0

 

0

 

149.0

Duntanlich (Barite)

95.1

 

80.8

 

8.5

 

0

 

0

 

0

 

0

 

184.4

2019 Total

124.8

 

195.2

 

13.4

 

0

 

0

 

0

 

0

 

$333.4

                               

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses
and Fees

 

Production
Entitlements

 

Bonuses

 

Infrastructure
Improvements

 

Dividends

 

Total3

Forestry Commission of Scotland

0

 

195.2

 

0

 

0

 

0

 

0

 

0

 

195.2

Scottish Environment Protection Agency (SEPA)

0

 

0

 

12.5

 

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