Schlumberger Reports on Payments to Governments for the year ended 31 December 2020

PARIS--()--Regulatory News:

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, 2020 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2020 to governments in Bolivia, Georgia, Morocco, the United Kingdom and the United States in connection with the Company’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 $119,870) 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, 2020 (USD in thousands)

 

Bolivia

Project Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Barolivia Mine (Barite)

31.3

29.3

5.4

0

0

0

0

65.9

2020 Total

31.3

29.3

5.4

0

0

0

0

$ 65.9

 

Government Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

La Autoridad Jurisdiccional Administrativa Minera (AJAM)

31.3

0

0

0

0

0

0

31.3

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

0

29.3

0

0

0

0

0

29.3

Gobierno Autonomo Municipal de Oruro (GAMO)

0

0

5.4

0

0

0

0

5.4

2020 Total

31.3

29.3

5.4

0

0

0

0

$ 65.9

 

Georgia

Project Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Rustaveli

0

0

210.1

1,109.7(a)

0

0

0

1,319.8

2020 Total

0

0

210.1

1,109.7

0

0

0

$ 1,319.8

 

Government Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Georgian Oil and Gas Corporation

0

0

209.5

1,109.7

0

0

0

1,319.2

Ministry of Finance

 

0

0.6

0

0

0

0

0.6

2020 Total

0

0

210.1

1,109.7

0

0

0

$ 1,319.8

(a) Represents payment in kind of 31,316 barrels (bbls) of crude oil.

 

Morocco

Project Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

COMABAR (Barite)

1,396.7

0

0

49.0

0

0

1,875.0

3,320.8

2020 Total

1,396.7

0

0

49.0

0

0

1,875.0

$3 ,320.8

 

Government Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

General Tax Administration

1,396.7

0

0

49.0

0

0

0

1,445.8

Office National des Hydrocarbures et des Mines (ONHYM)

0

0

0

0

0

0

1,875.0

1,875.0

2020 Total

1,396.7

0

0

49.0

0

0

1,875.0

$ 3,320.8

 

United Kingdom

Project Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Foss Mine (Barite)

31.9

62.0

0

0

0

0

0

94.0

Duntanlich (Barite)

(1.2)

21.4

10.0

0

0

0

0

30.1

2020 Total

30.7

83.4

10.0

0

0

0

0

$ 124.1

 

Government Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Forestry Commission of Scotland

0

83.4

0

0

0

0

0

83.4

Scottish Environment Protection Agency (SEPA)

0

0

9.5

0

0

0

0

9.5

HSE Mines Inspectorate

0

0

0.1

0

0

0

0

0.1

Scottish Police Authority

0

0

0.5

0

0

0

0

0.5

HM Revenue and Customs

0.6

0

0

0

0

0

0

0.6

Revenue Scotland LBTT Refund

(5.9)

0

0

0

0

0

0

(5.9)

Perth & Kinross Council

36.0

0

0

0

0

0

0

36.0

2020 Total

30.7

83.4

10.0

0

0

0

0

$ 124.1

 

United States

Project Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements2

Bonuses

Infrastructure
Improvements

Dividends

Total3

Alma Mine (Frac Sand)

1,282.7

0

4.6

0

0

0

0

1,287.3

Big Bird (Barite)

0

0

19.4

0

0

0

0

19.4

Greybull Mine (Bentonite)

1,114.8

242.3

9.6

130.0

0

0

0

1,496.7

Hixton Mine (Frac Sand)

370.7

0

41.3

0

0

0

0

412.0

Greystone Mine (Barite)

213.3

0

9.7

0

0

0

0

223.0

Kermit Mine (Frac Sand)

532.7

0

8.4

0

0

0

0

541.1

Monahans Mine (Frac Sand)

982.4

0

7.5

0

0

0

0

989.9

Mountain Springs (Barite)

59.3

0

13.7

0

0

0

0

73.0

2020 Total

4,555.9

242.3

114.2

130.0

0

0

0

$ 5,042.4

 

Government Report

 

 

 

 

 

 

 

 

 

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements2

Bonuses

Infrastructure
Improvements

Dividends

Total

Jackson County

4.5

0

10.8

0

0

0

0

15.3

Mine Safety and Health Administration

0

0

9.2

0

0

0

0

9.2

Alma Township

30.8

0

0

0

0

0

0

30.8

Mentor Township

1,251.9

0

0

0

0

0

0

1,251.9

Curran Township

370.7

0

35.0

0

0

0

0

405.7

Ward County

982.4

0

0

0

0

0

0

982.4

Texas Commission Environmental Quality (TCEQ)

0

0

9.8

0

0

0

0

9.8

Texas Department of Transportation

0

0

0

0

0

0

0

0

Winkler County

532.7

0

0

0

0

0

0

532.7

Elko County

0

0

1.3

0

0

0

0

1.3

Lander County

42.4

0

1.1

0

0

0

0

43.5

State of Nevada

230.2

0

7.9

0

0

0

0

238.1

Air Quality Division of Wyoming

0

0

2.6

0

0

0

0

2.6

Big Horn County

951.4

0

0

0.5

0

0

0

952.0

Bureau of Land Management

0

0

32.49

128.5

0

0

0

161.4

Office of State Lands and Investments of Wyoming

0

242.3

3.5

0.5

0

0

0

246.3

Solid and Hazardous Wastes Department of Wyoming

0

0

0.2

0

0

0

0

0.2

State of Wyoming

163.4

0

0

0

0

0

0

163.4

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

2020 Tota.

4,560.4

242.3

114.5

129.6

0

0

0

$ 5,046.8

 

Notes:

1.

Payments made in local currencies are translated at the average exchange rate for the year. Conversion of EUR to USD based on a rate of EUR 1 = $1.1987 and of GBP 1 = $1.3672.

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 (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com

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Contacts

Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
investor-relations@slb.com

Contacts

Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
investor-relations@slb.com