PARIS-Thursday 2 July 2020 [ AETOS Wire ]
(BUSINESS
WIRE)-- 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, 2019 relating to “extractive
industries” as defined by, and required under, the FCC. The following schedules
disclose the payments made by the Company in 2019 to governments in Bolivia,
Georgia, Morocco, the United Kingdom and the United States in connection with
Schlumberger’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
$111,982) 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, 2019 (USD in thousands)
|
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Bolivia
|
|||||||||||||||||||||||||||||
|
Project Report
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||||||||||||||
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Taxes
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Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
||||||||||||||
|
Barolivia Mine (Barite)
|
23.0
|
|
100.9
|
|
3.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
127.8
|
||||||||||||||
|
2019 Total
|
23.0
|
|
100.9
|
|
3.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
$ 127.8
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||||||||||||||
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||||||||||||||
|
Government Report
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||||||||||||||
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Taxes
|
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Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
||||||||||||||
|
La Autoridad Jurisdiccional
Administrativa Minera (AJAM)
|
23.0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
23.0
|
||||||||||||||
|
Servicio Nacional de Registro Y
Control de la Comercialización de Minerals y Metales (SENARECOM)
|
0
|
|
100.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
100.9
|
||||||||||||||
|
Gobierno Autonomo Municipal de
Oruro (GAMO)
|
0
|
|
0
|
|
3.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
3.9
|
||||||||||||||
|
2019 Total
|
23.0
|
|
100.9
|
|
3.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
$ 127.8
|
||||||||||||||
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||||||||||||||
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Georgia
|
|||||||||||||||||||||||||||||
|
Project Report
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||||||||||||||
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Taxes
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|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
||||||||||||||
|
Rustaveli
|
0
|
|
0
|
|
98.8
|
|
3,474.3(a)
|
|
0
|
|
0
|
|
0
|
|
3,573.1
|
||||||||||||||
|
2019 Total
|
0
|
|
0
|
|
98.8
|
|
3,474.3
|
|
0
|
|
0
|
|
0
|
|
$ 3,573.1
|
||||||||||||||
|
|
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|
|
|
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|
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|
||||||||||||||
|
Government Report
|
|
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|
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|
||||||||||||||
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
||||||||||||||
|
Georgian Oil and Gas Corporation
|
0
|
|
0
|
|
84.8
|
|
3,474.3
|
|
0
|
|
0
|
|
0
|
|
3,559.1
|
||||||||||||||
|
Ministry of Finance
|
|
|
0
|
|
14.0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
14.0
|
||||||||||||||
|
2019 Total
|
0
|
|
0
|
|
98.8
|
|
3,474.3
|
|
0
|
|
0
|
|
0
|
|
$ 3,573.1
|
||||||||||||||
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(a) Represents payment in kind of
54,179 barrels (bbls) of crude oil.
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|
|||||||||||||
|
Morocco
|
||||||||||||||||||||||||||||
|
Project Report
|
|
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|
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|
|||||||||||||
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
|||||||||||||
|
COMABAR (Barite)
|
1,942.2
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|
0
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|
0
|
|
56.4
|
|
0
|
|
0
|
|
3,464.4
|
|
5,462.9
|
|||||||||||||
|
2019 Total
|
1,942.2
|
|
0
|
|
0
|
|
56.4
|
|
0
|
|
0
|
|
3,464.4
|
|
$ 5,462.9
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|||||||||||||
|
Government Report
|
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|||||||||||||
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
|||||||||||||
|
General Tax Administration
|
1,942.2
|
|
0
|
|
0
|
|
56.4
|
|
0
|
|
0
|
|
0
|
|
1,998.6
|
|||||||||||||
|
Office National des Hydrocarbures
et des Mines (ONHYM)
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
3,464.4
|
|
3,464.4
|
|||||||||||||
|
2019 Total
|
1,942.2
|
|
0
|
|
0
|
|
56.4
|
|
0
|
|
0
|
|
3,464.4
|
|
$ 5,462.9
|
|||||||||||||
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|
|||||||||||||
|
United Kingdom
|
||||||||||||||||||||||||||||
|
Project Report
|
|
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|
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|
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|
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|
|||||||||||||
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
|||||||||||||
|
Foss Mine (Barite)
|
29.7
|
|
114.5
|
|
4.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
149.0
|
|||||||||||||
|
Duntanlich (Barite)
|
95.1
|
|
80.8
|
|
8.5
|
|
0
|
|
0
|
|
0
|
|
0
|
|
184.4
|
|||||||||||||
|
2019 Total
|
124.8
|
|
195.2
|
|
13.4
|
|
0
|
|
0
|
|
0
|
|
0
|
|
$ 333.4
|
|||||||||||||
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Government Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
|||||||||||||
|
Forestry Commission of Scotland
|
0
|
|
195.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
195.2
|
|||||||||||||
|
Scottish Environment Protection
Agency (SEPA)
|
0
|
|
0
|
|
12.5
|
|
0
|
|
0
|
|
0
|
|
0
|
|
12.5
|
|||||||||||||
|
Scottish Police Authority
|
0
|
|
0
|
|
0.9
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0.9
|
|||||||||||||
|
HM Revenue and Customs
|
89.6
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
89.6
|
|||||||||||||
|
Perth & Kinross Council
|
35.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
35.2
|
|||||||||||||
|
2019 Total
|
124.8
|
|
195.2
|
|
13.4
|
|
0
|
|
0
|
|
0
|
|
0
|
|
$ 333.4
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
||||||||||||||||
|
Project Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements2 |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total3
|
|
|
Alma Mine (Frac Sand)
|
1,639.9
|
|
0
|
|
1.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1,641.1
|
|
|
Big Bird (Barite)
|
0.2
|
|
0
|
|
19.4
|
|
0
|
|
0
|
|
0
|
|
0
|
|
19.6
|
|
|
Greybull Mine (Bentonite)
|
1,315.0
|
|
142.0
|
|
7.7
|
|
119.6
|
|
0
|
|
0
|
|
0
|
|
1,584.3
|
|
|
Hixton Mine (Frac Sand)
|
414.2
|
|
0
|
|
41.7
|
|
0
|
|
0
|
|
0
|
|
0
|
|
455.9
|
|
|
Greystone Mine (Barite)
|
490.0
|
|
0
|
|
10.3
|
|
0
|
|
0
|
|
0
|
|
0
|
|
500.3
|
|
|
Kermit Mine (Frac Sand)
|
659.6
|
|
0
|
|
3.3
|
|
0
|
|
0
|
|
0
|
|
0
|
|
662.9
|
|
|
Monahans Mine (Frac Sand)
|
1,436.1
|
|
0
|
|
2.4
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1,438.5
|
|
|
Mountain Springs (Barite)
|
18.0
|
|
0
|
|
16.1
|
|
0
|
|
0
|
|
0
|
|
0
|
|
34.1
|
|
|
2019 Total
|
5,973.0
|
|
142.0
|
|
102.1
|
|
119.6
|
|
0
|
|
0
|
|
0
|
|
$ 6,336.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Government Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxes
|
|
Royalties2
|
|
Licenses
and Fees |
|
Production
Entitlements2 |
|
Bonuses
|
|
Infrastructure
Improvements |
|
Dividends
|
|
Total
|
|
|
Jackson County
|
4.5
|
|
0
|
|
7.5
|
|
0
|
|
0
|
|
0
|
|
0
|
|
12.0
|
|
|
Mine Safety and Health
Administration
|
0
|
|
0
|
|
2.1
|
|
0
|
|
0
|
|
0
|
|
0
|
|
2.1
|
|
|
Alma Township
|
31.4
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
31.4
|
|
|
Mentor Township
|
1,608.5
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1,608.5
|
|
|
Curran Township
|
409.7
|
|
0
|
|
35.0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
444.7
|
|
|
Ward County
|
1,436.1
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1,436.1
|
|
|
Texas Commission Environmental
Quality (TCEQ)
|
0
|
|
0
|
|
4.1
|
|
0
|
|
0
|
|
0
|
|
0
|
|
4.1
|
|
|
Texas Department of Transportation
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
|
Winkler County
|
659.6
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
659.6
|
|
|
Elko County
|
0.2
|
|
0
|
|
1.3
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1.5
|
|
|
Lander County
|
37.0
|
|
0
|
|
1.1
|
|
0
|
|
0
|
|
0
|
|
0
|
|
38.1
|
|
|
State of Nevada
|
471.0
|
|
0
|
|
8.7
|
|
0
|
|
0
|
|
0
|
|
0
|
|
479.7
|
|
|
Air Quality Division of Wyoming
|
0
|
|
0
|
|
3.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
3.2
|
|
|
Big Horn County
|
1,020.8
|
|
0
|
|
0
|
|
0.5
|
|
0
|
|
0
|
|
0
|
|
1,021.3
|
|
|
Bureau of Land Management
|
0
|
|
0
|
|
34.7
|
|
118.5
|
|
0
|
|
0
|
|
0
|
|
153.2
|
|
|
Office of State Lands and
Investments of Wyoming
|
0
|
|
142.0
|
|
3.3
|
|
0.5
|
|
0
|
|
0
|
|
0
|
|
145.8
|
|
|
Solid and Hazardous Wastes
Department of Wyoming
|
0
|
|
0
|
|
0.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0.2
|
|
|
State of Wyoming
|
294.2
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
294.2
|
|
|
Washakie County
|
0
|
|
0
|
|
0
|
|
0.1
|
|
0
|
|
0
|
|
0
|
|
0.1
|
|
|
Water Quality Division of Wyoming
|
0
|
|
0
|
|
0.3
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0.3
|
|
|
2019 Total
|
5,973.0
|
|
142.0
|
|
101.5
|
|
119.6
|
|
0
|
|
0
|
|
0
|
|
$ 6,336.1
|
|
|
Notes:
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|
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 = $1.119820829 and of GBP 1 = 1.2772 USD.
|
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|
|
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.
|
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|
3.
|
Totals do not add exactly due to
rounding.
|
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|
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|
|
|
|
|
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About Schlumberger
Schlumberger is the world’s leading provider of technology for
reservoir characterization, drilling, production, and processing to the oil and
gas industry. With product sales and services in more than 120 countries and
employing approximately 103,000 people as of the end of first quarter of 2020
who represent over 170 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 sustainably.
Schlumberger Limited has executive offices in Paris, Houston,
London and The Hague, and reported revenues of $32.92 billion in 2019. For more
information, visit www.slb.com.
Contacts
Simon Farrant – Vice
President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited