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Reports on Payments to Governments for the Year Ended 31 December 2018.

LONDON--(BUSINESSWIRE)--

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

Project Report

 

 

Licenses Production

 

Infrastructure

 

 

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

 
 

Government Report

 

 

Licenses Production

 

Infrastructure

 

 

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

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 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

Project Report

 

 

Licenses Production

 

Infrastructure

 

 

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

 
 

Government Report

 

 

Licenses Production

 

Infrastructure

 

 

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

Project Report

 

 

Licenses Production

 

Infrastructure

 

 

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

 
 

Government Report

 

 

Licenses Production

 

Infrastructure

 

 

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

 

 

Licenses Production

Bonues

Infrastructure

 

 

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

 
 

Government Report

 

 

Licenses Production

 

Infrastructure

 

 

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 Limited
www.slb.com

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