Schlumberger Ld. Reports on Payments to Governments for the Year Ended 31 December 2018.
27 March 2019 - 2:04AM
UK Regulatory
TIDMSCL
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 GBP86,000
(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
Project
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
Barolivia 22.2 106.4 3.8 0 0 0 0 132.4
Mine
(Barite)
2018 Total 22.2 106.4 3.8 0 0 0 0 $ 132.4
Government
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
La 22.2 0 0 0 0 0 0 22.2
Autoridad
Jurisdiccional
Administrativa
Minera
(AJAM)
Servicio 0 106.4 0 0 0 0 0 106.4
Nacional
de Registro
Y
Control
de
la
Comercialización
de
Minerals
y Metales
(SENARECOM)
Gobierno 0 0 3.8 0 0 0 0 3.8
Autonomo
Municipal
de Oruro
(GAMO)
2018 Total 22.2 106.4 3.8 0 0 0 0 $ 132.4
Georgia
Project
Report
Licenses Production Infrastructure
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
Government
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
Georgian 0 0 128 3,196 0 0 0 3,324
Oil and
Gas
Corporation
Ministry of 0 45 0 0 0 0 45
Finance
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
Project
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
COMABAR 1,885.2 0 0 0 0 0 3,316.4 5,201.6
(Barite)
2018 Total 1,885.2 0 0 0 0 0 3,316.4 $ 5,201.6
Government
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
General 1,885.2 0 0 0 0 0 0 1,885.2
Tax
Administration
Office 0 0 0 0 0 0 3,316.4 3,316.4
National
des
Hydrocarbures
et des
Mines
(ONHYM)
2018 Total 1,885.2 0 0 0 0 0 3,316.4 $ 5,201.6
United
Kingdom
Project
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
Foss Mine 29.0 133.8 6.2 0 0 0 0 169.0
(Barite)
Duntanlich 23.4 0 126.2 0 0 0 0 149.5
(Barite)
2018 Total 52.3 133.8 132.3 0 0 0 0 $ 318.5
Government
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements Bonuses Improvements Dividends Total3
Forestry 0 133.8 126.2 0 0 0 0 260.0
Commission
of Scotland
Scottish 0 0 6.2 0 0 0 0 6.2
Environment
Protection
Agency
(SEPA)
HM Revenue 23.4 0 0 0 0 0 0 23.4
and
Customs
Perth 28.9 0 0 0 0 0 0 28.9
& Kinross
Council
2018 Total 52.3 133.8 132.3 0 0 0 0 $ 318.5
United
States
Project
Report
Licenses Production Bonues Infrastructure
Taxes Royalties2 and Fees Entitlements2 Bonuses Improvements Dividends Total3
Alma Mine 346.7 0 4.2 0 0 0 0 350.9
(Frac
Sand)
Greybull 1,601.1 248.2 9.2 123.3 0 0 0 1,981.8
Mine
(Bentonite)
Hixton Mine 461.8 0 42.1 0 0 25.4 0 529.3
(Frac
Sand)
Greystone 362.2 97.5 17.0 0 0 0 0 476.7
Mine
(Barite)
Kermit Mine 134.7 0 17.2 0 0 0 0 151.9
(Frac
Sand)
Monahans 57.3 0 34.5 0 0 1,002.0 0 1,093.8
Mine
(Frac Sand)
2018 Total 2963.8 345.7 124.2 123.3 0 1027.4 0 $ 4,584.6
Government
Report
Licenses Production Infrastructure
Taxes Royalties2 and Fees Entitlements2 Bonuses Improvements Dividends Total3
Jackson 201.7 0 10.4 0 0 0 0 212.1
County
Mine Safety 0 0 4.5 0 0 0 0 4.5
and Health
Administration
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 0 0 49.0 0 0 0 0 49.0
Commission
Environmental
Quality
(TCEQ)
Texas 0 0 0 0 0 1,002.0 0 1,002.0
Department
of
Transportation
Winkler 134.7 0 0 0 0 0 0 134.7
County
Lander 40.2 97.5 0.3 0 0 0 0 138.0
County
State of 322.2 0 7.0 0 0 0 0 329.2
Nevada
Air Quality 0 0 3.2 0 0 0 0 3.2
Division
of Wyoming
Big Horn 909.4 0 0 0.4 0 0 0 909.8
County
Bureau of 0 0 9.6 122.2 0 0 0 131.8
Land
Management
Office of 0 248.2 4.6 0.6 0 0 0 253.4
State
Lands and
Investments
of Wyoming
Solid 0 0 0.2 0 0 0 0 0.2
and
Hazardous
Wastes
Department
of Wyoming
State of 691.7 0 0 0 0 0 0 691.7
Wyoming
United 0 0 0.1 0 0 0 0 0.1
States
Department
of
Agriculture
Washakie 0 0 0 0.1 0 0.1 0 0.2
County
Water 0 0 0.3 0 0 0 0 0.3
Quality
Division
of Wyoming
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 GBP1 = $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
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190326005696/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
March 26, 2019 11:04 ET (15:04 GMT)
Schlumberger Ld (LSE:SCL)
Historical Stock Chart
From Apr 2024 to May 2024
Schlumberger Ld (LSE:SCL)
Historical Stock Chart
From May 2023 to May 2024