SLB — Schlumberger NV News Story

0.000.00%

Last trade - 00:00

EnergyBalancedLarge CapNeutral

Market Cap
$46.94bn
Enterprise Value
$55.57bn
Revenue
$36.29bn

All News

REG-Schlumberger Limited Report on Payments to Governments

Schlumberger NVAnnouncement

29/06/2018 16:15

Report on Payments to Governments

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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	Dividends	Total³
La Autoridad Jurisdiccional Administrativa Minera (AJAM)	25.5	0	0	0	0	0	0	25.5

Servicio Nacional de Registro Y Control de la Comercialización de Minerals y Metales (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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements²	Bonuses	Infrastructure Improvements	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	Licenses and Fees	Production Entitlements²	Bonuses	Infrastructure Improvements	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/

Schlumberger Limited

SLB — Schlumberger NV News Story

REG-Schlumberger Limited Report on Payments to Governments

Recent news on Schlumberger NV

REG - Competition and Mkts - Merger Update: Schlumberger / ChampionX

REG - Competition and Mkts - Merger Update: Schlumberger/ChampionX

REG - Competition and Mkts - Merger Update: Schlumberger/ChampionX

REG - Stock Exch Notice - Admission to ISM - 22/09/2023

REG - Stock Exch Notice - Admission to ISM - 14/08/2023