RDSB.L Regulatory News (RDSB)

7 Apr 2020 10:00

ROYAL DUTCH SHELL PLC - REPORT ON PAYMENTS TO GOVERNMENT FOR THE YEAR 2019

Basis for Preparation - Report on Payments to Government for the year 2019

This Report provides a consolidated overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter referred to as “Shell”) for the year 2019 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (http://www.morningstar.co.uk/uk/nsm) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom.

This Report is available for download from www.shell.com/payments.

Legislation

This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.

Reporting entities

This Report includes payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.

Activities

Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but are disclosed in full.

Government

Government includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company. 

Project

Payments are reported at project level except that payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.

“Substantially interconnected” means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.

Payment

The information is reported under the following payment types.

Production entitlements

These are the host government’s share of production in the reporting period derived from projects operated by Shell. This includes the government’s share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.

In certain contractual arrangements, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.

In situations where a government settles Shell’s income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.

Taxes

These are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.

Royalties

These are payments for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken.

Dividends

These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2019, there were no reportable dividend payments to a government.

Bonuses

These are payments for Bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced or production has reached a milestone.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions

These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

Infrastructure improvements

These are payments which relate to the construction of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are of a social investment in nature, for example building of a school or hospital, are excluded.

OTHER

Operatorship

When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call). 

When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cash-call, it is included in this Report.

Cash and in-kind payments

Payments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.

Materiality Level

For each payment type, total payments below £86,000 to a government are excluded from this Report.

Exchange Rate

Payments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.

Report on Payments to Governments

GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Countries
EUROPE
Bulgaria	-	-	-	-	158,423	-	158,423
Denmark	-	240,634,144	-	-	-	-	240,634,144
Germany	-	-409,012	-	-	-	-	-409,012
Italy	-	25,142,953	75,260,455	-	-	-	100,403,408
Norway	1,981,216,339	1,087,834,696	-	-	754,924	-	3,069,805,959
United Kingdom	-	-116,563,817	-	-	6,543,056	-	-110,020,761
ASIA
Brunei Darussalam	-	118,946	-	-	727,717	-	846,663
China	13,348,514	-	406,047	-	-	-	13,754,561
India	216,885,607	20,469,494	34,347,235	-	-	-	271,702,336
Kazakhstan	-	204,871,617	-	-	-	-	204,871,617
Malaysia	2,870,510,880	312,151,913	644,653,300	-	15,000,000	-	3,842,316,093
Oman	-	2,857,707,039	-	1,000,000	150,000	-	2,858,857,039
Philippines	607,693,780	131,112,519	-	-	-	-	738,806,299
Qatar	493,208,027	681,694,760	-	5,000,000	19,654,096	-	1,199,556,883
Thailand	-	-1,230,179	-	-	-	-	-1,230,179
OCEANIA
Australia	-	1,265,077	158,953,548	-	13,736,277	1,756,836	175,711,738
AFRICA
Egypt	-	93,294,881	-	61,000,000	-	-	154,294,881
Gabon	-	-	-	-	119,693	-	119,693
Nigeria	3,983,413,143	1,062,965,746	446,362,409	-	136,876,347	-	5,629,617,645
Somalia	-	-	-	-	1,708,000		1,708,000
Tunisia	-	118,095,328	41,032,237	-	-	-	159,127,565
NORTH AMERICA
Canada	-	-930,294	42,021,659	-	6,963,104	-	48,054,469
Mexico	-	-	-	-	38,393,009	-	38,393,009
United States	-	235,802,948	959,236,110	-	114,639,187	-	1,309,678,245
SOUTH AMERICA
Argentina	-	-	19,121,199	-	376,265	-	19,497,464
Bolivia	-	-	-	-	1,326,933	-	1,326,933
Brazil	19,719,197	-	766,952,516	122,834,875	1,558,929,871	-	2,468,436,459
Trinidad and Tobago	76,970,053	12,154,124	3,934,073	85,000,000	11,157,097	-	189,215,347
Total	10,262,965,540	6,966,182,883	3,192,280,788	274,834,875	1,927,213,999	1,756,836	22,625,234,921

Bulgaria
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
MINISTRY OF ENERGY OF THE REPUBLIC OF BULGARIA	-	-	-	-	158,423	-	158,423
Total	-	-	-	-	158,423	-	158,423
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
KHAN KUBRAT	-	-	-	-	158,423	-	158,423
Total	-	-	-	-	158,423	-	158,423

Denmark
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
TAX AUTHORITIES	-	240,634,144	-	-	-	-	240,634,144
Total	-	240,634,144	-	-	-	-	240,634,144
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
ENTITY LEVEL PAYMENT
SHELL OLIE - OG GASUDVINDING DANMARK B.V.	-	240,634,144	-	-	-	-	240,634,144
Total	-	240,634,144	-	-	-	-	240,634,144

GERMANY
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
TAX AUTHORITIES HAMBURG	-	-409,012	-	-	-	-	-409,012
Total	-	-409,012	-	-	-	-	-409,012
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
ENTITY LEVEL PAYMENT
DEUTSCHE SHELL HOLDING GmbH	-	-409,012	-	-	-	-	-409,012
Total	-	-409,012	-	-	-	-	-409,012

Italy
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
BASILICATA REGION (VDA)	-	-	45,010,332	-	-	-	45,010,332
CALVELLO MUNICIPALITY	-	-	1,254,820	-	-	-	1,254,820
GRUMENTO NOVA MUNICIPALITY	-	-	717,040	-	-	-	717,040
MARSICO NUOVO MUNICIPALITY	-	-	537,780	-	-	-	537,780
VIGGIANO MUNICIPALITY	-	-	4,974,465	-	-	-	4,974,465
TESSORERIA PROVINICIALE DELLO STATO	-	25,142,953	22,407,498	-	-	-	47,550,451
MARSICOVETERE MUNICIPALITY	-	-	179,260	-	-	-	179,260
MONTEMURRO MUNICIPALITY	-	-	179,260	-	-	-	179,260
Total	-	25,142,953	75,260,455	-	-	-	100,403,408
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
ITALY UPSTREAM ASSET	-	-	75,260,455	-	-	-	75,260,455
ENTITY LEVEL PAYMENT
SHELL ITALIA E&P SpA	-	25,142,953	-	-	-	-	25,142,953
Total	-	25,142,953	75,260,455	-	-	-	100,403,408

Norway
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
OLJEDIREKTORATET	-	-	-	-	754,924	-	754,924
PETORO AS	1,169,083,686[A]	-	-	-	-	-	1,169,083,686
SKATTE OG AVGIFTSREGNSKAP	-	1,085,800,717	-	-	-	-	1,085,800,717
SKATTEOPPKREVEREN I SOLA	-	2,033,979	-	-	-	-	2,033,979
EQUINOR ASA	812,132,653[B]	-	-	-	-	-	812,132,653
Total	1,981,216,339	1,087,834,696	-	-	754,924	-	3,069,805,959
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
NORWAY EXPLORATION PROJECTS	-	-	-	-	353,622	-	353,622
ORMEN LANGE AND DRAUGEN	1,981,216,339[C]	-	-	-	-	-	1,981,216,339
GAUPE	-	-	-	-	401,302	-	401,302
ENTITY LEVEL PAYMENT
A/S NORSKE SHELL	-	1,090,800,806	-	-	-	-	1,090,800,806
BG NORGE LIMITED	-	-2,966,110	-	-	-	-	-2,966,110
Total	1,981,216,339	1,087,834,696	-	-	754,924	-	3,069,805,959

[A] Includes payment in kind of $1,169,083,686 for 29,562 KBOE valued at market price.

[B] Includes payment in kind of $812,132,653 for 20,536 KBOE valued at market price.

[C] Includes payment in kind of $1,981,216,339 for 50,098 KBOE valued at market price.

United Kingdom
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties		Bonuses	Fees		Infrastructure Improvements	Total
GOVERNMENTS
OIL AND GAS AUTHORITY	-	-		-		-	6,430,779		-	6,430,779
HM REVENUE AND CUSTOMS	-	-116,563,817		-		-	-		-	-116,563,817
THE CROWN ESTATE SCOTLAND	-	-		-		-	112,277		-	112,277
Total	-	- 116,563,817		-		-	6,543,056		-	-110,020,761
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties		Bonuses	Fees		Infrastructure Improvements	Total
PROJECTS
BRENT AND OTHER NORTHERN NORTH SEA PROJECTS	-	-74,275,062		-		-	458,720		-	-73,816,341
ONEGAS WEST	-	-		-		-	1,362,755		-	1,362,755
UK EXPLORATIONS PROJECTS	-	-		-		-	561,019		-	561,019
UK OFFSHORE NON - OPERATED	-	-		-		-	249,067		-	249,067
UK OFFSHORE OPERATED	-	-		-		-	676,606		-	676,606
WEST OF SHETLAND NON - OPERATED	-	-		-		-	204,697		-	204,697
ENTITY LEVEL PAYMENT
SHELL U.K. LIMITED	-	-42,288,755		-		-	3,030,192		-	-39,258,563
Total	-	-116,563,817		-		-	6,543,056		-	-110,020,761

Brunei Darussalam
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
MINISTRY OF FINANCE AND ECONOMY	-	118,946	-	-	727,717	-	846,663
Total	-	118,946	-	-	727,717	-	846,663
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
BRUNEI OFFSHORE BLOCKS	-	-	-	-	727,717	-	727,717
ENTITY LEVEL PAYMENT
SHELL DEEPWATER BORNEO LIMITED	-	118,946	-	-	-	-	118,946
Total	-	118,946	-	-	727,717	-	846,663

China
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties		Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
CHINA NATIONAL PETROLEUM CORPORATION	13,348,514[A]	-		-		-	-	-	13,348,514
SHAANXI PROVINCE OFFICE OF STATE	-	-		406,047[B]		-	-	-	406,047
Total	13,348,514	-		406,047		-	-	-	13,754,561
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties		Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
CHANGBEI	13,348,514[C]	-		406,047[D]		-	-	-	13,754,561
Total	13,348,514	-		406,047		-	-	-	13,754,561

[A] Includes payment in kind of $13,348,514 for 433 KBOE valued at government selling price.

[B] Includes payment in kind of $406,047 for 13 KBOE valued at government selling price.

[C] Includes payment in kind of $13,348,514 for 433 KBOE valued at government selling price.

[D] Includes payment in kind of $406,047 for 13 KBOE valued at government

INDIA
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
CENTRAL BOARD OF EXCISE AND CUSTOMS	-	-	6,262,517	-	-	-	6,262,517
INCOME TAX DEPARTMENT	-	20,469,494	-	-	-	-	20,469,494
OIL AND NATURAL GAS CORPORATION LTD.	208,342,808[A]	-	-	-	-	-	208,342,808
PAY AND ACCOUNTS OFFICER, MINISTRY OF PETROLEUM AND NATURAL GAS	8,542,799	-	28,084,718	-	-	-	36,627,517
Total	216,885,607	20,469,494	34,347,235	-	-	-	271,702,336
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
PANNA MUKTA	216,885,607[B]	-	34,347,235	-	-	-	251,232,842
ENTITY LEVEL PAYMENT
BG EXPLORATION AND PRODUCTION INDIA LIMITED	-	20,469,494	-	-	-	-	20,469,494
Total	216,885,607	20,469,494	34,347,235	-	-	-	271,702,336

[A] Includes payment in kind of $208,342,808 for 4,668 KBOE valued at market price.

[B] Includes payment in kind of $208,342,808 for 4,668 KBOE valued at market price.

Kazakhstan
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
WEST KAZAKHSTAN TAX COMMITTEE	-	204,871,617	-	-	-	-	204,871,617
Total	-	204,871,617	-	-	-	-	204,871,617
Show
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
KARACHAGANAK	-	204,871,617	-	-	-	-	204,871,617
Total	-	204,871,617	-	-	-	-	204,871,617

Malaysia
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
KETUA PENGARAH HASIL DALAM NEGERI	-	312,151,913	-	-	-	-	312,151,913
PETROLIAM NASIONAL BERHAD	1,565,060,994[A]	-	31,040,343	-	15,000,000	-	1,611,101,336
PETRONAS CARIGALI SDN BHD (KL)	1,305,449,886[B]	-	-	-	-	-	1,305,449,886
MALAYSIA FEDERAL AND STATE GOVERNMENT	-	-	613,612,957[C]	-	-	-	613,612,957
Total	2,870,510,880	312,151,913	644,653,300	-	15,000,000	-	3,842,316,093
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
SABAH GAS - NOT OPERATED	-	30,391,177	1,575,401	-	-	-	31,966,578
SABAH INBOARD AND DEEPWATER OIL	1,247,146,464[D]	240,958,093	363,546,804[E]	-	-	-	1,851,651,361
SARAWAK OIL AND GAS	1,623,364,416[F]	31,197,533	279,181,925[G]	-	15,000,000	-	1,948,743,874
ENTITY LEVEL PAYMENT
SABAH SHELL PETROLEUM COMPANY LIMITED	-	1,778,583	258,979	-	-	-	2,037,562
SARAWAK SHELL BERHAD	-	1,339,356	-	-	-	-	1,339,356
SHELL ENERGY ASIA LIMITED	-	1,040,649	-	-	-	-	1,040,649
SHELL OIL AND GAS (MALAYSIA) LLC	-	458,605	-	-	-	-	458,605
SHELL SABAH SELATAN SDN. BHD.	-	4,987,918	90,191	-	-	-	5,078,109
Total	2,870,510,880	312,151,913	644,653,300	-	15,000,000	-	3,842,316,093

[A] Includes payment in kind of $657,665,735 for 41,708 KBOE valued at fixed price and $907,395,259 for 13,349 KBOE valued at market price.

[B] Includes payment in kind of $509,467,820 for 32,444 KBOE valued at fixed price and $795,982,066 for 11,513 KBOE valued at market price.

[C] Includes payment in kind of $189,522,443 for 12,054 KBOE valued at fixed price and $424,090,514 for 6,114 KBOE valued at market price.

[D] Includes payment in kind of $1,247,146,464 for 17,637 KBOE valued at market price.

[E] Includes payment in kind of $356,415,948 for 5,040 KBOE valued at market price.

[F] Includes payment in kind of $1,167,133,555 for 74,152 KBOE valued at fixed price and $456,230,861 for 7,226 KBOE valued at market price.

[G] Includes payment in kind of $189,522,443 for 12,054 KBOE valued at fixed price and $67,674,566 for 1,073 KBOE valued at market price.

	Oman
	GOVERNMENT REPORTS (IN USD)
		Production Entitlement	Taxes	Royalties	Bonuses	Fees		Infrastructure Improvements	Total
	GOVERNMENTS
	OMAN - MINISTRY OF FINANCE	-	2,857,707,039	-	1,000,000	150,000		-	2,858,857,039
	Total	-	2,857,707,039	-	1,000,000	150,000		-	2,858,857,039
	PROJECT REPORTS (IN USD)
		Production Entitlement	Taxes	Royalties	Bonuses	Fees		Infrastructure Improvements	Total
	PROJECTS
	BLOCK 6 CONCESSION	-	2,857,707,039	-	-	-		-	2,857,707,039
	BLOCK 42 CONCESSION	-	-	-	1,000,000	150,000		-	1,150,000
	Total	-	2,857,707,039	-	1,000,000	150,000		-	2,858,857,039

Philippines
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
BUREAU OF INTERNAL REVENUE	-	131,112,519	-	-	-	-	131,112,519
DEPARTMENT OF ENERGY	512,522,213	-	-	-	-	-	512,522,213
PNOC EXPLORATION CORPORATION	95,171,567	-	-	-	-	-	95,171,567
Total	607,693,780	131,112,519	-	-	-	-	738,806,299
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
SC 38 MALAMPAYA GAS	607,693,780	131,112,519	-	-	-	-	738,806,299
Total	607,693,780	131,112,519	-	-	-	-	738,806,299

Qatar
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
QATAR PETROLEUM	493,208,027	681,694,760	-	5,000,000	-	-	1,179,902,787
RAS LAFFAN INDUSTRIAL CITY	-	-	-	-	19,654,096	-	19,654,096
Total	493,208,027	681,694,760	-	5,000,000	19,654,096	-	1,199,556,883
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
PEARL GTL	493,208,027	681,694,760	-	5,000,000	19,654,096	-	1,199,556,883
Total	493,208,027	681,694,760	-	5,000,000	19,654,096	-	1,199,556,883

THAILAND
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
REVENUE DEPARTMENT	-	-1,230,179	-	-	-	-	-1,230,179
Total	-	-1,230,179	-	-	-	-	-1,230,179
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
THAI ENERGY COMPANY LIMITED	-	16,102	-	-	-	-	16,102
SHELL INTEGRATED GAS THAILAND PTE. LIMITED - THAILAND BRANCH	-	-1,246,281	-	-	-	-	-1,246,281
Total	-	-1,230,179	-	-	-	-	-1,230,179

AUSTRALIA
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes			Royalties		Bonuses		Fees		Infrastructure Improvements		Total
GOVERNMENTS
AUSTRALIAN TAXATION OFFICE	-	1,265,077			-		-		-		-		1,265,077
BANANA SHIRE COUNCIL	-	-			-		-		121,255		-		121,255
DEPARTMENT OF INDUSTRY	-	-			123,155,669		-		-		-		123,155,669
DEPARTMENT OF ENVIRONMENT AND SCIENCE	-	-			-		-		937,554		-		937,554
WESTERN DOWNS REGIONAL COUNCIL	-	-			-		-		10,851,637		1,756,836		12,608,473
OFFICE OF STATE REVENUE	-	-			35,797,880		-		-		-		35,797,880
DEPARTMENT OF NATURAL RESOURCES AND MINES	-	-			-		-		1,825,831		-		1,825,831
Total	-	1,265,077			158,953,548		-		13,736,277		1,756,836		175,711,738
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes			Royalties		Bonuses		Fees		Infrastructure Improvements		Total
PROJECTS
NORTH WEST SHELF	-	-			123,155,669		-		-		-		123,155,669
QGC PROJECT	-	-			35,797,880		-		13,736,277		1,756,836		51,290,992
ENTITY LEVEL PAYMENT
SHELL AUSTRALIA PTY LTD	-	1,265,077			-		-		-		-		1,265,077
Total	-	1,265,077			158,953,548		-		13,736,277		1,756,836		175,711,738

Egypt
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
EGYPTIAN GENERAL PETROLEUM CORPORATION	-	93,294,881	-	61,000,000	-	-	154,294,881
Total	-	93,294,881	-	61,000,000	-	-	154,294,881
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
BADR EL-DIN (BED)	-	38,601,220	-	10,000,000	-	-	48,601,220
NORTH EAST ABU GHARADIG (NEAG)	-	15,165,740	-	-	-	-	15,165,740
OBAIYED	-	36,537,700	-	-	-	-	36,537,700
EGYPT OFFSHORE EXPLORATION	-	1,313,911	-	-	-	-	1,313,911
ENTITY LEVEL PAYMENT
SHELL EGYPT N.V.	-	1,676,310	-	-	-	-	1,676,310
SOUTH ABU SENNAN	-	-	-	27,000,000	-	-	27,000,000
SOUTH EAST HORUS	-	-	-	23,000,000	-	-	23,000,000
WEST EL FAYOUM	-	-	-	1,000,000	-	-	1,000,000
Total	-	93,294,881	-	61,000,000	-	-	154,294,881

Gabon
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
TRESOR PUBLIC DU GABON	-	-	-	-	119,693	-	119,693
Total	-	-	-	-	119,693	-	119,693
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
GABON EXPLORATION	-	-	-	-	119,693	-	119,693
Total	-	-	-	-	119,693	-	119,693

Nigeria
GOVERNMENT REPORTS (IN USD)
	Production Entitlement		Taxes		Royalties	Bonuses		Fees		Infrastructure Improvements		Total
GOVERNMENTS
NIGER DELTA DEVELOPMENT COMMISSION	-		-		-	-		136,637,172		-		136,637,172
NIGERIAN NATIONAL PETROLEUM CORPORATION	3,983,413,143[A]		-		-	-		-		-		3,983,413,143
DEPARTMENT OF PETROLEUM RESOURCES	-		-		446,362,409[B]	-		239,175		-		446,601,584
FEDERAL INLAND REVENUE SERVICE	-		1,062,965,746[C]		-	-		-		-		1,062,965,746
Total	3,983,413,143		1,062,965,746		446,362,409	-		136,876,347		-		5,629,617,645
PROJECT REPORTS (IN USD)
	Production Entitlement		Taxes		Royalties	Bonuses		Fees		Infrastructure Improvements		Total
PROJECTS
PSC 1993 (OML133)	-		283,760,464[D]		-	-		-		-		283,760,464
PSC 1993 (OPL212/OML118, OPL219/OML135)	717,045,638[E]		386,718,785[F]		115,377,249[G]	-		32,897,635		-		1,252,039,308
WEST ASSET	1,283,663,582[H]		-		-	-		-		-		1,283,663,582
CENTRAL EAST ASSET	1,982,703,922[I]		-		-	-		-		-		1,982,703,922
ENTITY LEVEL PAYMENT
THE SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LIMITED	-		392,486,496		330,985,160	-		103,978,712		-		827,450,368
Total	3,983,413,143		1,062,965,746		446,362,409	-		136,876,347		-		5,629,617,645

[A] Includes payment in kind of $3,983,413,143 for 113,613 KBOE valued at market price.

[B] Includes payment in kind of $115,377,249 for 1,707 KBOE valued at market price.

[C] Includes payment in kind of $670,479,249 for 10,219 KBOE valued at market price.

[D] Includes payment in kind of $283,760,464 for 4,280 KBOE valued at market price.

[E] Includes payment in kind of $717,045,638 for 10,845 KBOE valued at market price.

[F] Includes payment in kind of $386,718,785 for 5,939 KBOE valued at market price.

[G] Includes payment in kind of $115,377,249 for 1,707 KBOE valued at market price.

[H] Includes payment in kind of $1,283,663,582 for 19,680 KBOE valued at market price.

[I] Includes payment in kind of $1,982,703,922 for 83,089 KBOE valued at market price.

Somalia
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
MINISTRY OF PETROLEUM AND MINERAL RESOURCES	-	-	-	-	1,708,000	-	1,708,000
Total	-	-	-	-	1,708,000	-	1,708,000
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
ENTITY LEVEL PAYMENT
SOMALIA EXPLORATION	-	-	-	-	1,708,000	-	1,708,000
Total	-	-	-	-	1,708,000	-	1,708,000

Tunisia
GOVERNMENT REPORTS (IN USD)
	Production Entitlement		Taxes		Royalties	Bonuses		Fees	Infrastructure Improvements			Total
GOVERNMENTS
ENTERPRISE TUNISIENNE D'ACTIVITES PETROLIERES	-		-		8,115,889[A]	-		-	-			8,115,889
MONSIEUR LE RECEVEUR DES FINANCES DU LAC	-		118,095,328		32,916,348	-		-	-			151,011,676
Total	-		118,095,328		41,032,237	-		-	-			159,127,565
PROJECT REPORTS (IN USD)
	Production Entitlement		Taxes		Royalties	Bonuses		Fees	Infrastructure Improvements			Total
PROJECTS
HASDRUBAL CONCESSION	-		63,797,751		13,974,460[B]	-		-	-			77,772,210
MISKAR CONCESSION	-		54,297,577		27,057,777[C]	-		-	-			81,355,354
Total	-		118,095,328		41,032,237	-		-	-			159,127,565
[A] Includes payment in kind of $8,115,889 for 167 KBOE valued at market price. [B] Includes payment in kind of $3,968,090 for 92 KBOE valued at market price. [C] Includes payment in kind of $4,147,799 for 75 KBOE valued at market price.

Canada
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
GOVERNMENT OF ALBERTA	-	-		54,673,001	-	-	-	54,673,001
MUNICIPAL DISTRICT OF GREENVIEW	-	-		-	-	726,651	-	726,651
PROVINCIAL TREASURER OF ALBERTA	-	-1,424,099		-	-	4,661,983	-	3,237,884
RECEIVER GENERAL FOR CANADA	-	493,805		-15,254,458	-	113,942	-	-14,646,710
MINISTRY OF EMPLOYMENT AND INVESTMENT	-	-		-	-	711,016	-	711,016
MINISTER OF FINANCE (BC)	-	-		1,977,528	-	578,690	-	2,556,218
ALBERTA PETROLEUM MARKETING COMMISSION	-	-		625,588[A]	-	-	-	625,588
THE TOWN OF FOX CREEK	-	-		-	-	170,822	-	170,822
Total	-	-930,294		42,021,659	-	6,963,104	-	48,054,469
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes		Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
ATHABASCA OIL SANDS	-	919,943		33,076,475	-	666,579	-	34,662,997
FOOTHILLS	-	-		5,387,236	-	493,286	-	5,880,522
GREATER DEEP BASIN	-	-		18,789,552[B]	-	4,142,709	-	22,932,262
GROUNDBIRCH	-	-		1,977,528	-	1,289,706	-	3,267,234
INSITU	-	-		326,892	-	-	-	326,892
SABLE DEEPWATER	-	-		-17,536,025	-	-	-	-17,536,025
ENTITY LEVEL PAYMENT
SHELL CANADA ENERGY	-	-		-	-	370,824	-	370,824
BR OIL SANDS CORPORATION	-	-1,850,237		-	-	-	-	-1,850,237
Total	-	-930,294		42,021,659	-	6,963,104	-	48,054,469

[A] Includes payment in kind of $85,711 for 2 KBOE valued at government selling price.

[B] Includes payment in kind of $85,711 for 2 KBOE valued at government selling price.

Mexico
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees		Infrastructure Improvements		Total
GOVERNMENTS
SERVICIO DE ADMINISTRACION TRIBUTARIA	-	-	-	-	21,731,834		-		21,731,834
FONDO MEXICANO DEL PETROLEO PARA LA ESTABILIZACION Y EL DESARROLLO	-	-	-	-	16,661,175		-		16,661,175
Total	-	-	-	-	38,393,009		-		38,393,009
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees		Infrastructure Improvements		Total
ENTITY LEVEL PAYMENT
SHELL EXPLORACIÓN Y EXTRACCIÓN DE MÉXICO, S.A. DE C.V.	-	-	-	-	38,393,009		-		38,393,009
Total	-	-	-	-	38,393,009		-		38,393,009

United States
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
COMMONWEALTH OF PENNSYLVANIA	-	-	142,399	-	7,971,533	-	8,113,932
INTERNAL REVENUE SERVICE	-	160,429,577	-	-	-	-	160,429,577
OFFICE OF NATURAL RESOURCES REVENUE	-	-	845,227,896	-	104,230,525	-	949,458,421
STATE OF LOUISIANA	-	2,078,187	-	-	-	-	2,078,187
STATE OF TEXAS	-	73,017,719	112,562,052	-	819,508	-	186,399,279
THE UNIVERSITY OF TEXAS SYSTEM	-	-	-	-	849,648	-	849,648
DIRECTOR, DIVISION OF OIL AND GAS	-	-	-	-	253,920	-	253,920
PENNSYLVANIA DEPARTMENT OF REVENUE	-	277,465	-	-	-	-	277,465
TEXAS A&M UNIVERSITY SYSTEM	-	-	1,128,356	-	-	-	1,128,356
LA DEPTARTAMENT OF NATURAL RESOURCES	-	-	175,407	-	-	-	175,407
US ENVIRONMENTAL PROTECTION AGENCY	-	-	-	-	514,053	-	514,053
Total	-	235,802,948	959,236,110	-	114,639,187	-	1,309,678,245
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
ALASKA EXPLORATION	-	-	-	-	253,920	-	253,920
APPALACHIA	-	-	142,399	-	7,971,533	-	8,113,932
GOM (CENTRAL)	-	-	652,692,548	-	-	-	652,692,548
GOM (WEST)	-	-	192,535,348	-	-	-	192,535,348
GOM EXPLORATION	-	-	-	-	104,230,525	-	104,230,525
PERMIAN	-	73,017,719	113,690,408	-	1,669,156	-	188,377,283
ENTITY LEVEL PAYMENT
SWEPI LP	-	1,518,187	175,407	-	-	-	1,693,594
SHELL OIL COMPANY	-	-5,692,958	-	-	-	-	-5,692,958
SHELL PETROLEUM INC.	-	166,400,000	-	-	-	-	166,400,000
SHELL EXPLORATION & PRODUCTION COMPANY	-	560,000	-	-	514,053	-	1,074,053
Total	-	235,802,948	959,236,110	-	114,639,187	-	1,309,678,245

Argentina
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
GAS Y PETROLEO DEL NEUQUEN S.A.	-	-	-	-	189,180	-	189,180
PROVINCIA DE SALTA	-	-	4,877,340	-	-	-	4,877,340
PROVINCIA DEL NEUQUEN	-	-	14,243,858	-	187,085	-	14,430,943
Total	-	-	19,121,199	-	376,265	-	19,497,464
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
ACAMBUCO	-	-	4,877,340	-	-	-	4,877,340
ARGENTINA UNCONVENTIONAL PROJECTS	-	-	14,243,858	-	376,265	-	14,620,123
Total	-	-	19,121,199	-	376,265	-	19,497,464

Bolivia
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
GOVERNMENTS
NATIONAL OIL COMPANY OF BOLIVIA	-	-	-	-	1,326,933	-	1,326,933
Total	-	-	-	-	1,326,933	-	1,326,933
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
PROJECTS
HUACARETA	-	-	-	-	745,037	-	745,037
LA VERTIENTE	-	-	-	-	581,896	-	581,896
Total	-	-	-	-	1,326,933	-	1,326,933

Brazil
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses		Fees	Infrastructure Improvements	Total
GOVERNMENTS
MINISTERIO DA FAZENDA	-	-	766,952,516	-		1,558,685,330	-	2,325,637,846
PRÉ-SAL PETRÓLEO SA	19,719,197[A]	-	-	-		-	-	19,719,197
AGENCIA NACIONAL DO PETROLEO GAS NATURAL E BIOCOMBUSTIVEIS	-	-	-	122,834,875		127,428	-	122,962,303
RIO DE JANEIRO PREFEITURA	-	-	-	-		117,113	-	117,113
Total	19,719,197	-	766,952,516	122,834,875		1,558,929,871	-	2,468,436,459
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses		Fees	Infrastructure Improvements	Total
PROJECTS
BASIN EXPLORATION PROJECTS	-	-	-	122,834,875		393,602	-	123,228,477
BC-10	-	-	32,896,189	-		1,090,636	-	33,986,825
BIJUPIRA & SALEMA	-	-	11,026,703	-		384,941	-	11,411,644
BM-S-9, BM-S-9A, BM-S-11, BM-S-11A AND ENTORNO DE SAPINHOA	-	-	701,357,508	-		1,555,985,446	-	2,257,342,954
BARREIRINHAS	-	-	-	-		958,133	-	958,133
LIBRA PSC	19,719,197[B]	-	21,672,116	-		-	-	41,391,313
ENTITY LEVEL PAYMENT
SHELL BRASIL PETROLEO LTDA	-	-	-	-		117,113	-	117,113
Total	19,719,197	-	766,952,516	122,834,875		1,558,929,871	-	2,468,436,459

[A] Includes payments in kind of $19,719,197 for 330 KBOE valued at Market price. [B] Includes payments in kind of $19,719,197 for 330 KBOE valued at Market price.

Trinidad and Tobago
GOVERNMENT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses		Fees	Infrastructure Improvements	Total
GOVERNMENTS
BOARD OF INLAND REVENUE	-	4,593,694	-	-		-	-	4,593,694
PERMANENT SECRETARY MINISTRY OF ENERGY	76,970,053	7,560,430	3,934,073	85,000,000		11,157,097	-	184,621,652
Total	76,970,053	12,154,124	3,934,073	85,000,000		11,157,097	-	189,215,347
PROJECT REPORTS (IN USD)
	Production Entitlement	Taxes	Royalties	Bonuses		Fees	Infrastructure Improvements	Total
PROJECTS
BLOCK 5C, 5D AND 6D	-	-	-	5,000,000		2,508,917	-	7,508,917
BLOCK 6B	21,265,486	516,558	-	40,000,000		1,612,356	-	63,394,400
CENTRAL BLOCK	-	4,710,494	3,934,073	-		673,171	-	9,317,738
NORTH COAST MARINE AREA 1 (NCMA1)	55,704,567	6,927,072	-	40,000,000		1,695,241	-	104,326,880
ENTITY LEVEL PAYMENT
BG INTERNATIONAL LIMITED - TRINIDAD AND TOBAGO BRANCH	-	-	-	-		4,667,412	-	4,667,412
Total	76,970,053	12,154,124	3,934,073	85,000,000		11,157,097	-	189,215,347

CAUTIONARY NOTE

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Report “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. “Subsidiaries “, “Shell subsidiaries”, and “Shell companies” as used in this Report refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations” respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.