TIDMRDSA TIDMRDSB 
 
   Basis for Preparation -- Report on Payments to Governments for the year 
2020 
 
   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 2020 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 Royal Dutch 
Shell plc 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 (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) 
intended to satisfy the requirements of the Disclosure Guidance and 
Transparency Rules of the Financial Conduct Authority in the United 
Kingdom. Following the UK's exit from the EU and the end of the 
transition period on 31 December 2020, this Report is also published 
pursuant to article 5:25e of the Dutch FMSA (Wft). 
 
   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, 2020, 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 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 GBP86,000 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 [1] 
  Government 
   Reports 
   (in USD) 
                 Production                                                                       Infrastructure 
                 Entitlement         Taxes          Royalties       Bonuses          Fees          Improvements         Total 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Countries: 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Europe 
------------                                                                                                      ---------------- 
Bulgaria                   --               --               --            --          155,178                --           155,178 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Italy                      --               --       67,954,715            --               --                --        67,954,715 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Norway          1,331,302,546      466,790,641               --            --        1,458,483                --     1,799,551,670 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
United 
 Kingdom                   --     -106,582,465               --            --        7,474,783                --       -99,107,681 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Asia 
------------                                                                                                      ---------------- 
Brunei 
 Darussalam                --       34,964,254               --            --               --                --        34,964,254 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
China               6,087,616               --          985,661            --               --                --         7,073,278 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
India                 297,362          895,096        3,831,968            --               --                --         5,024,426 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Kazakhstan        424,125,000       81,973,208               --            --               --                --       506,098,208 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Malaysia        1,839,465,462       56,121,040      362,561,665            --       15,000,000                --     2,273,148,167 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Oman                       --    1,058,167,544               --     1,000,000          400,000                --     1,059,567,544 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Philippines       457,129,760       99,551,668               --            --               --                --       556,681,428 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Qatar             546,327,260      491,523,750               --            --               --                --     1,037,851,010 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Thailand                   --          304,944               --            --               --                --           304,944 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Oceania 
------------                                                                                                      ---------------- 
Australia                  --        2,261,769       67,711,786            --       14,582,602         1,692,530        86,248,685 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Africa 
------------                                                                                                      ---------------- 
Egypt                      --       34,744,632               --    14,998,260          240,000                --        49,982,892 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Nigeria         2,277,898,173      440,398,429      446,926,575            --       78,000,342                --     3,243,223,518 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Tunisia                    --       33,277,974       21,559,113            --               --                --        54,837,087 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
North 
America 
------------                                                                                                      ---------------- 
Canada                     --      --2,701,310       14,360,567            --        3,536,885                --        15,196,142 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Mexico                     --               --               --            --       35,564,591                --        35,564,591 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
United 
 States                    --       53,787,917      612,934,421            --       48,370,516                --       715,092,854 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
South 
America 
------------                                                                                                      ---------------- 
Argentina                  --               --       21,846,119            --          459,455                --        22,305,574 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Bolivia                    --               --               --            --        1,574,770                --         1,574,770 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Brazil             12,138,272        8,035,627      550,812,951            --      985,852,635                --     1,556,839,485 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Trinidad and 
 Tobago            62,884,045       13,904,002        2,284,658            --        9,501,505                --        88,574,210 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
Total           6,957,655,496    2,767,418,719    2,173,770,199    15,998,260    1,202,171,745         1,692,530    13,118,706,948 
------------  ---------------  ---------------  ---------------  ------------  ---------------  ----------------  ---------------- 
 
 
   [1] This report is not corrected for rounding. 
 
 
 
 
Bulgaria 
  Government Reports (in USD) [1] 
                 Production                                                      Infrastructure 
                  Entitlement     Taxes     Royalties     Bonuses      Fees       Improvements      Total 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
Governments: 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
MINISTRY OF 
 ENERGY OF 
 THE REPUBLIC 
 OF BULGARIA     --               --        --            --          155,178                --    155,178 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
Total            --               --        --            --          155,178                --    155,178 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
 
  Project Reports (in USD) 
                 Production                                                      Infrastructure 
                  Entitlement     Taxes     Royalties     Bonuses        Fees      Improvements      Total 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
Projects: 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
KHAN KUBRAT      --               --        --            --          155,178                --    155,178 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
Total            --               --        --            --          155,178                --    155,178 
-------------  ---------------  --------  ------------  ----------  ---------  ----------------  --------- 
 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Italy 
  Government Reports (in USD) [1] 
                  Production                                                  Infrastructure 
                   Entitlement     Taxes     Royalties     Bonuses    Fees     Improvements       Total 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
Governments: 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
BASILICATA 
 REGION (VDA)     --               --        37,806,512         --      --                --    37,806,512 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
CALVELLO 
 MUNICIPALITY     --               --         1,064,170         --      --                --     1,064,170 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
GRUMENTO NOVA 
 MUNICIPALITY     --               --           608,097         --      --                --       608,097 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
MARSICO NUOVO 
 MUNICIPALITY     --               --           456,073         --      --                --       456,073 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
VIGGIANO 
 MUNICIPALITY     --               --         4,218,674         --      --                --     4,218,674 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
TESSORERIA 
 PROVINICIALE 
 DELLO STATO      --               --        23,497,140         --      --                --    23,497,140 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
MARSICOVETERE 
 MUNICIPALITY     --               --           152,024         --      --                --       152,024 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
MONTEMURRO 
 MUNICIPALITY     --               --           152,024         --      --                --       152,024 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
Total             --               --        67,954,715         --      --                --    67,954,715 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
 
  Project Reports (in USD) 
                  Production                                                  Infrastructure 
                   Entitlement     Taxes      Royalties    Bonuses    Fees      Improvements         Total 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
Projects: 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
ITALY UPSTREAM 
 ASSET            --               --        67,954,715         --      --                --    67,954,715 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
Total             --               --        67,954,715         --      --                --    67,954,715 
--------------  ---------------  --------  ------------  ---------  ------  ----------------  ------------ 
 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Norway 
                      Government Reports (in USD) [1] 
                       Production                                                               Infrastructure 
                       Entitlement             Taxes       Royalties    Bonuses      Fees        Improvements         Total 
------------------  ---------------  ---  -------------  -----------  ---------  -----------  ----------------  --------------- 
Governments: 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
OLJEDIREKTORATET                 --                  --           --         --    1,458,483                --        1,458,483 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
PETORO AS               785,580,079  [A]             --           --         --           --                --      785,580,079 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
SKATTE OG 
 AVGIFTSREGNSKAP                 --         465,771,439           --         --           --                --      465,771,439 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
SKATTEOPPKREVEREN 
 I SOLA                          --           1,019,202           --         --           --                --        1,019,202 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
EQUINOR ASA             545,722,467  [B]             --           --         --           --                --      545,722,467 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
Total                 1,331,302,546         466,790,641           --         --    1,458,483                --    1,799,551,670 
------------------  ---------------  ---  -------------  -----------  ---------  -----------  ----------------  --------------- 
 
                                                                                                       Project Reports (in USD) 
                         Production                                                             Infrastructure 
                        Entitlement               Taxes    Royalties    Bonuses         Fees      Improvements            Total 
------------------  ---------------  ---  -------------  -----------  ---------  -----------  ----------------  --------------- 
Projects: 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
ORMEN LANGE           1,331,302,546  [C]             --           --         --           --                --    1,331,302,546 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
GAUPE                            --                  --           --         --      542,692                --          542,692 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
NORWAY EXPLORATION 
 PROJECTS                        --                  --           --         --      915,792                --          915,792 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
Entity level 
payment: 
------------------                                                                                              --------------- 
A/S NORSKE SHELL                 --         466,790,641           --         --           --                --      466,790,641 
------------------  ---------------       -------------  -----------  ---------  -----------  ----------------  --------------- 
Total                 1,331,302,546         466,790,641           --         --    1,458,483                --    1,799,551,670 
------------------  ---------------  ---  -------------  -----------  ---------  -----------  ----------------  --------------- 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
   [A] Includes payment in kind of $785,580,079 for 27,839 KBOE valuated at 
market price. 
 
   [B] Includes payment in kind of $545,722,467 for 19,339 KBOE valuated at 
market price. 
 
   [C] Includes payment in kind of $1,331,302,546 for 47,178 KBOE valuated 
at market price. 
 
 
 
 
United Kingdom 
  Government Reports (in USD) [1] 
                             Production                                                             Infrastructure 
                              Entitlement         Taxes        Royalties    Bonuses      Fees        Improvements        Total 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
Governments: 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
OIL AND GAS AUTHORITY        --                          --           --         --    7,175,363                --       7,175,363 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
HM REVENUE AND CUSTOMS       --               --106,582,465           --         --           --                --    -106,582,465 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
THE CROWN ESTATE SCOTLAND    --                          --           --         --      299,420                --         299,420 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
Total                        --                -106,582,465           --         --    7,474,783                --     -99,107,681 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
 
  Project Reports (in USD) 
                             Production                                                             Infrastructure 
                              Entitlement             Taxes    Royalties    Bonuses         Fees      Improvements           Total 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
Projects: 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
BRENT AND OTHER NORTHERN 
 NORTH SEA PROJECTS          --                 -73,042,801           --         --      508,815                --     -72,533,986 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
ONEGAS WEST                  --                          --           --         --    1,964,754                --       1,964,754 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
UK EXPLORATIONS PROJECTS     --                          --           --         --      624,774                --         624,774 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
UK OFFSHORE OPERATED         --                 -12,189,657           --         --      895,709                --     -11,293,949 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
UK OFFSHORE NON-OPERATED     --                          --           --         --      263,839                --         263,839 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
WEST OF SHETLAND 
 NON-OPERATED                --                          --           --         --      126,954                --         126,954 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
Entity level payment: 
                                                                                                                    -------------- 
SHELL U.K. LIMITED           --                 -21,350,006           --         --    3,089,939                --     -18,260,067 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
Total                        --                -106,582,465           --         --    7,474,783                --     -99,107,681 
                           ---------------  ---------------  -----------  ---------  -----------  ----------------  -------------- 
 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Brunei 
Darussalam 
  Government Reports (in USD) [1] 
                 Production                                                     Infrastructure 
                  Entitlement       Taxes       Royalties    Bonuses    Fees     Improvements       Total 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
Governments: 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
MINISTRY OF 
 FINANCE AND 
 ECONOMY         --               34,964,254           --         --      --                --    34,964,254 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
Total            --               34,964,254           --         --      --                --    34,964,254 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
 
  Project Reports (in USD) 
                 Production                                                     Infrastructure 
                  Entitlement          Taxes    Royalties    Bonuses    Fees      Improvements         Total 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
Entity level 
payment: 
-------------                                                                                   ------------ 
SHELL 
 DEEPWATER 
 BORNEO 
 LIMITED         --               34,964,254           --         --      --                --    34,964,254 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
Total            --               34,964,254           --         --      --                --    34,964,254 
-------------  ---------------  ------------  -----------  ---------  ------  ----------------  ------------ 
 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
China 
                                             Government 
                                              Reports 
                                              (in 
                                              USD) 
                                              [1] 
                              Production                                                        Infrastructure 
                              Entitlement         Taxes    Royalties         Bonuses    Fees     Improvements       Total 
                           --------------  ---  -------  -----------  ---  ---------  ------  ----------------  ----------- 
Governments: 
                           --------------       -------  -----------  ---  ---------  ------  ----------------  ----------- 
CHINA NATIONAL PETROLEUM 
 CORPORATION                    6,087,616  [A]       --           --              --      --                --    6,087,616 
                           --------------       -------  -----------  ---  ---------  ------  ----------------  ----------- 
SHAANXI PROVINCE 
 OFFICE OF STATE                       --            --      985,661  [B]         --      --                --      985,661 
                           --------------       -------  -----------       ---------  ------  ----------------  ----------- 
Total                           6,087,616            --      985,661              --      --                --    7,073,278 
                           --------------  ---  -------  -----------  ---  ---------  ------  ----------------  ----------- 
 
                                                                                                                    Project 
                                                                                                                    Reports 
                                                                                                                        (in 
                                                                                                                       USD) 
                               Production                                                       Infrastructure 
                              Entitlement         Taxes    Royalties         Bonuses    Fees      Improvements        Total 
                           --------------  ---  -------  -----------  ---  ---------  ------  ----------------  ----------- 
Projects: 
                           --------------       -------  -----------       ---------  ------  ----------------  ----------- 
CHANGBEI                        6,087,616  [C]       --      985,661  [D]         --      --                --    7,073,278 
                           --------------       -------  -----------       ---------  ------  ----------------  ----------- 
Total                           6,087,616            --      985,661              --      --                --    7,073,278 
                           --------------  ---  -------  -----------  ---  ---------  ------  ----------------  ----------- 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
   [A] Includes payment in kind of $6,087,616 for 199 KBOE valuated at 
government selling price. 
 
   [B] Includes payment in kind of $985,661 for 32 KBOE valuated at 
government selling price. 
 
   [C] Includes payment in kind of $6,087,616 for 199 KBOE valuated at 
government selling price. 
 
   [D] Includes payment in kind of $985,661 for 32 KBOE valuated at 
government selling price. 
 
 
 
 
India 
  Government Reports (in USD) [1] 
                                   Production                                                Infrastructure 
                                   Entitlement     Taxes     Royalties    Bonuses    Fees     Improvements       Total 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
Governments: 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
CENTRAL BOARD OF EXCISE 
 AND CUSTOMS                                --         --      751,456         --      --                --      751,456 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
INCOME TAX DEPARTMENT                       --    895,096           --         --      --                --      895,096 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
PAY AND ACCOUNTS OFFICER, 
 MINISTRY OF 
 PETROLEUM AND NATURAL 
 GAS                                   297,362         --    3,080,513         --      --                --    3,377,874 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
Total                                  297,362    895,096    3,831,968         --      --                --    5,024,426 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
 
  Project Reports (in USD) 
                                    Production                                               Infrastructure 
                                   Entitlement      Taxes    Royalties    Bonuses    Fees      Improvements        Total 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
Projects: 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
PANNA MUKTA                            297,362         --    3,831,968         --      --                --    4,129,330 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
Entity level payment: 
BG EXPLORATION AND PRODUCTION 
 INDIA LIMITED                              --    895,096           --         --      --                --      895,096 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
Total                                  297,362    895,096    3,831,968         --      --                --    5,024,426 
                                --------------  ---------  -----------  ---------  ------  ----------------  ----------- 
 
 
   [1] For the definitions of any terms used in this chart (e.g. activities 
and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Kazakhstan 
                 Government Reports (in USD) [1] 
                  Production                                                        Infrastructure 
                  Entitlement           Taxes       Royalties    Bonuses    Fees     Improvements        Total 
-------------  --------------  ---  ------------  -----------  ---------  ------  ----------------  ------------- 
Governments: 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
WEST 
 KAZAKHSTAN 
 TAX 
 COMMITTEE                 --         81,973,208           --         --      --                --     81,973,208 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
STATE REVENUE 
 AUTHORITY OF 
 BURLINSK         424,125,000  [2]            --           --         --      --                --    424,125,000 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Total             424,125,000         81,973,208           --         --      --                --    506,098,208 
-------------  --------------  ---  ------------  -----------  ---------  ------  ----------------  ------------- 
 
                                                                                         Project Reports (in USD) 
                   Production                                                       Infrastructure 
                  Entitlement              Taxes    Royalties    Bonuses    Fees      Improvements          Total 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Projects: 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
KARACHAGANAK      424,125,000  [2]    81,973,208           --         --      --                --    506,098,208 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Total             424,125,000         81,973,208           --         --      --                --    506,098,208 
-------------  --------------  ---  ------------  -----------  ---------  ------  ----------------  ------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [2]    We are the joint operator of the onshore Karachaganak oil and 
condensate field (Shell interest 29.25%), where we have a license to the 
end of 2037. In December 2020, we successfully settled a long-running 
contractual dispute with the Republic about the profit share between the 
parties. Shell's share of the settlement amount is $424 million. 
 
 
 
 
Malaysia 
                                                                                     Government Reports (in USD) [1] 
                  Production                                                                       Infrastructure 
                  Entitlement          Taxes           Royalties          Bonuses       Fees       Improvements          Total 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
Governments: 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
KETUA 
 PENGARAH 
 HASIL DALAM 
 NEGERI                     --          56,121,040             --              --            --                --       56,121,040 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
PETROLIAM 
 NASIONAL 
 BERHAD            986,665,405  [A]             --    -28,666,823              --    15,000,000                --      972,998,582 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
PETRONAS 
 CARIGALI SDN 
 BHD (KL)          852,800,057  [B]             --             --              --            --                --      852,800,057 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
MALAYSIA 
 FEDERAL AND 
 STATE 
 GOVERNMENT                 --                  --    391,228,489  [C]         --            --                --      391,228,489 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Total            1,839,465,462          56,121,040    362,561,665              --    15,000,000                --    2,273,148,167 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
 
                                                                                                          Project Reports (in USD) 
                    Production                                                                     Infrastructure 
                   Entitlement               Taxes      Royalties         Bonuses          Fees      Improvements            Total 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Projects: 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH DW NOV                --                  --        299,947              --            --                --          299,947 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH GAS -- 
 NOT 
 OPERATED                   --          18,393,033        560,875              --            --                --       18,953,908 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH INBOARD 
 AND 
 DEEPWATER 
 OIL               813,180,450  [D]    -10,842,175    221,799,012  [E]         --            --                --    1,024,137,286 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SARAWAK OIL 
 AND GAS         1,026,285,012  [F]     41,774,366    139,901,832  [G]         --    15,000,000                --    1,222,961,210 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Entity level 
payment: 
                                                                                                                   --------------- 
SABAH SHELL 
 PETROLEUM 
 COMPANY 
 LIMITED                    --           2,014,001             --              --            --                --        2,014,001 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SARAWAK SHELL 
 BERHAD                     --           1,213,697             --              --            --                --        1,213,697 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL ENERGY 
 ASIA 
 LIMITED                    --             879,901             --              --            --                --          879,901 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL OIL & 
 GAS 
 (MALAYSIA) 
 LLC                        --             519,716             --              --            --                --          519,716 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL SABAH 
 SELATAN SDN. 
 BHD.                       --           2,168,501             --              --            --                --        2,168,501 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Total            1,839,465,462          56,121,040    362,561,665              --    15,000,000                --    2,273,148,167 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [A]   Includes payment in kind of $363,377,839 for 29,999 KBOE valuated 
at fixed price and $623,287,566 for 12,864 KBOE valuated at market 
price. 
 
   [B]   Includes payment in kind of $385,143,488 for 31,749 KBOE valuated 
at fixed price and $467,656,569 for 9,876 KBOE valuated at market price. 
 
   [C]   Includes payment in kind of $128,869,361 for 10,633 KBOE valuated 
at fixed price and $262,359,128 for 5,463 KBOE valuated at market price. 
 
   [D]   Includes payment in kind of $73,524 for 17 KBOE valuated at fixed 
price and $813,106,926 for 16,423 KBOE valuated at market price. 
 
   [E]   Includes payment in kind of -$6,556 for -2 KBOE valuated at fixed 
price and $218,757,014 for 4,466 KBOE valuated at market price. 
 
   [F]   Includes payment in kind of $748,447,803 for 61,731 KBOE valuated 
at fixed price and $277,837,209 for 6,318 KBOE valuated at market price. 
 
   [G]   Includes payment in kind of $128,875,917 for 10,634 KBOE valuated 
at fixed price and $43,602,114 for 997 KBOE valuated at market price. 
 
 
 
 
Oman 
  Government 
   Reports 
   (in USD) 
   [1] 
                 Production                                                             Infrastructure 
                  Entitlement         Taxes        Royalties     Bonuses      Fees       Improvements         Total 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Governments: 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
OMAN -- 
 MINISTRY OF 
 FINANCE         --               1,058,167,544           --    1,000,000    400,000                --    1,059,567,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Total            --               1,058,167,544           --    1,000,000    400,000                --    1,059,567,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
 
  Project 
   Reports 
   (in USD) 
                 Production                                                             Infrastructure 
                  Entitlement             Taxes    Royalties      Bonuses       Fees      Improvements            Total 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Projects: 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
BLOCK 6 
 CONCESSION      --               1,058,167,544           --           --         --                --    1,058,167,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Entity level 
payment: 
-------------                                                                                           --------------- 
BLOCK 42 
 CONCESSION      --                          --           --           --    150,000                --          150,000 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
BLOCK 55 
 CONCESSION      --                          --           --    1,000,000    250,000                --        1,250,000 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Total            --               1,058,167,544           --    1,000,000    400,000                --    1,059,567,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Philippines 
  Government Reports (in USD) [1] 
                  Production                                                   Infrastructure 
                  Entitlement      Taxes       Royalties    Bonuses    Fees     Improvements        Total 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
Governments: 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
BUREAU OF 
 INTERNAL 
 REVENUE                   --    99,551,668           --         --      --                --     99,551,668 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
DEPARTMENT OF 
 ENERGY           385,117,761            --           --         --      --                --    385,117,761 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
PNOC 
 EXPLORATION 
 CORPORATION       72,011,999            --           --         --      --                --     72,011,999 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
Total             457,129,760    99,551,668           --         --      --                --    556,681,428 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
 
  Project Reports (in USD) 
                   Production                                                  Infrastructure 
                  Entitlement         Taxes    Royalties    Bonuses    Fees      Improvements          Total 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
Projects: 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
SC 38 
 MALAMPAYA 
 GAS              457,129,760    99,551,668           --         --      --                --    556,681,428 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
Total             457,129,760    99,551,668           --         --      --                --    556,681,428 
-------------  --------------  ------------  -----------  ---------  ------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Qatar 
  Government 
   Reports 
   (in USD) 
   [1] 
                  Production                                                     Infrastructure 
                  Entitlement       Taxes        Royalties    Bonuses    Fees     Improvements         Total 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
Governments: 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
QATAR 
 PETROLEUM        546,327,260     491,523,750           --         --      --                --     1,037,851,010 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
Total             546,327,260     491,523,750           --         --      --                --     1,037,851,010 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
 
  Project 
   Reports 
   (in USD) 
                   Production                                                    Infrastructure 
                  Entitlement           Taxes    Royalties    Bonuses    Fees      Improvements             Total 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
Projects: 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
PEARL GTL         546,327,260     491,523,750           --         --      --                --     1,037,851,010 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
Total             546,327,260     491,523,750           --         --      --                --     1,037,851,010 
-------------  --------------  --------------  -----------  ---------  ------  ----------------  ---------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Thailand 
  Government Reports (in USD) [1] 
                                                           Production                                                  Infrastructure 
                                                           Entitlement      Taxes      Royalties    Bonuses    Fees     Improvements      Total 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
Governments: 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
REVENUE DEPARTMENT                                         --               304,944           --         --      --                --     304,944 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
Total                                                       --              304,944           --         --      --                --     304,944 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
 
  Project Reports (in USD) 
                                                           Production                                                  Infrastructure 
                                                           Entitlement        Taxes    Royalties    Bonuses    Fees      Improvements       Total 
-------------------------------------------------------  --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
Entity level payment: 
                                                                                                                                       ---------- 
SHELL INTEGRATED GAS THAILAND PTE. LIMITED -- THAILAND 
 BRANCH                                                    --               304,944           --         --      --                --     304,944 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
Total                                                       --              304,944           --         --      --                --     304,944 
                                                         --------------  ----------  -----------  ---------  ------  ----------------  ---------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Australia 
  Government Reports (in USD) [1] 
                              Production                                                              Infrastructure 
                               Entitlement       Taxes        Royalties     Bonuses       Fees         Improvements        Total 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
Governments: 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
AUSTRALIAN TAXATION OFFICE    --                2,261,769             --         --             --                --      2,261,769 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
BANANA SHIRE COUNCIL          --                       --             --         --        135,179                --        135,179 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
DEPARTMENT OF INDUSTRY        --                       --     66,600,438         --             --                --     66,600,438 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
DEPARTMENT OF ENVIRONMENT 
 AND SCIENCE                  --                       --             --         --      1,327,294                --      1,327,294 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
WESTERN DOWNS REGIONAL 
 COUNCIL                      --                       --             --         --     11,142,788         1,692,530     12,835,318 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
OFFICE OF STATE REVENUE       --                       --      1,111,347         --             --                --      1,111,347 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
DEPARTMENT OF NATURAL 
 RESOURCES AND MINES          --                       --             --         --        665,245                --        665,245 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
RESOURCES SAFETY AND 
 HEALTH QUEENSLAND            --                       --             --         --      1,312,096                --      1,312,096 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
Total                          --               2,261,769     67,711,786         --     14,582,602         1,692,530     86,248,685 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
 
  Project Reports (in USD) 
                              Production                                                              Infrastructure 
                               Entitlement          Taxes      Royalties    Bonuses           Fees      Improvements          Total 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
Projects: 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
NORTH WEST SHELF              --                       --     66,600,438         --             --                --     66,600,438 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
QGC PROJECT                   --                       --      1,111,347         --     14,582,602         1,692,530     17,386,479 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
Entity level payment: 
                                                                                                                      ------------- 
SHELL AUSTRALIA PTY LTD       --                2,261,769             --         --             --                --      2,261,769 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
Total                          --               2,261,769     67,711,786         --     14,582,602         1,692,530     86,248,685 
                            ---------------  ------------  -------------  ---------  -------------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Egypt 
  Government Reports (in USD) [1] 
                 Production                                                              Infrastructure 
                  Entitlement        Taxes       Royalties      Bonuses        Fees       Improvements        Total 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
Governments: 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
EGYPTIAN 
 GENERAL 
 PETROLEUM 
 CORPORATION     --                34,744,632           --     14,998,260          --                --     49,742,892 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
EGYPTIAN 
 NATURAL GAS 
 HOLDING 
 COMPANY         --                        --           --             --     240,000                --        240,000 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
Total             --               34,744,632           --     14,998,260     240,000                --     49,982,892 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
 
  Project Reports (in USD) 
                 Production                                                              Infrastructure 
                  Entitlement           Taxes    Royalties        Bonuses        Fees      Improvements          Total 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
Projects: 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
BADR EL-DIN 
 (BED)           --                 9,196,598           --             --          --                --      9,196,598 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
OBAIYED          --                16,694,476           --             --          --                --     16,694,476 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
EGYPT 
 OFFSHORE 
 EXPLORATION     --                        --           --     11,473,264     240,000                --     11,713,264 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
NORTH EAST 
 ABU GHARADIG 
 (NEAG)          --                 8,844,109           --             --          --                --      8,844,109 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
Entity level 
payment: 
-------------                                                                                            ------------- 
SHELL EGYPT 
 N.V.            --                   275,102           --      3,524,996          --                --      3,800,098 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
BG EGYPT SA 
 -- EGYPT 
 BRANCH          --                  -265,653           --             --          --                --       -265,653 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
Total             --               34,744,632           --     14,998,260     240,000                --     49,982,892 
-------------  ---------------  -------------  -----------  -------------  ----------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Nigeria 
  Government Reports (in USD) [1] 
                              Production                                                                             Infrastructure 
                              Entitlement             Taxes             Royalties          Bonuses       Fees         Improvements         Total 
                           ---------------       -------------  ---  -------------  ---  ---------  -------------  ----------------  --------------- 
Governments: 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
NIGER DELTA DEVELOPMENT 
 COMMISSION                              -                  --                  --              --     73,419,624                --       73,419,624 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
NIGERIAN NATIONAL 
 PETROLEUM CORPORATION       2,277,898,173  [A]             --                  --              --             --                --    2,277,898,173 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
DEPARTMENT OF PETROLEUM 
 RESOURCES                              --                  --         446,926,575  [B]         --      4,580,718                --      451,507,293 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
FEDERAL INLAND REVENUE 
 SERVICE                                --         440,398,429  [C]             --              --             --                --      440,398,429 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
Total                        2,277,898,173         440,398,429         446,926,575              --     78,000,342                --    3,243,223,518 
                           ---------------  ---  -------------  ---  -------------  ---  ---------  -------------  ----------------  --------------- 
 
  Project Reports (in USD) 
                                Production                                                                           Infrastructure 
                               Entitlement               Taxes           Royalties         Bonuses           Fees      Improvements            Total 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
Projects: 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
PSC 1993 (OPL212/OML118, 
 OPL219/OML135)                107,694,184  [D]    175,101,894  [E]    212,267,787  [F]         --     27,212,110                --      522,275,975 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
PSC 1993 (OML133)                       --         107,020,325  [G]             --              --             --                --      107,020,325 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
WEST ASSET                     929,096,440  [H]             --                  --              --             --                --      929,096,440 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
CENTRAL EAST ASSET           1,241,107,549  [I]             --                  --              --             --                --    1,241,107,549 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
Entity level payment: 
                                                                                                                                     --------------- 
THE SHELL PETROLEUM 
 DEVELOPMENT COMPANY 
 OF NIGERIA LIMITED                     --         158,276,210         234,658,788              --     50,788,232                --      443,723,229 
                           ---------------       -------------       -------------       ---------  -------------  ----------------  --------------- 
Total                        2,277,898,173         440,398,429         446,926,575              --     78,000,342                --    3,243,223,518 
                           ---------------  ---  -------------  ---  -------------  ---  ---------  -------------  ----------------  --------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [A]   Includes payment in kind of $2,277,898,173 for 102,926 KBOE 
valuated at market price. 
 
   [B]   Includes payment in kind of $212,267,787 for 5,176 KBOE valuated 
at market price. 
 
   [C]   Includes payment in kind of $282,122,219 for 5,615 KBOE valuated 
at market price. 
 
   [D]   Includes payment in kind of $107,694,184 for 2,361 KBOE valuated 
at market price. 
 
   [E]   Includes payment in kind of $175,101,894 for 3,522 KBOE valuated 
at market price. 
 
   [F]   Includes payment in kind of $212,267,787 for 5,176 KBOE valuated 
at market price. 
 
   [G]   Includes payment in kind of $107,020,325 for 2,093 KBOE valuated 
at market price. 
 
   [H]   Includes payment in kind of $929,096,440 for 22,863 KBOE valuated 
at market price. 
 
   [I]     Includes payment in kind of $1,241,107,549 for 77,702 KBOE 
valuated at market price. 
 
 
 
 
Tunisia 
                                                                                Government Reports 
                                                                                 (in USD) [1] 
                 Production                                                             Infrastructure 
                  Entitlement        Taxes        Royalties          Bonuses    Fees     Improvements        Total 
-------------  ---------------  -------------  -------------  ---  ---------  ------  ----------------  ------------- 
Governments: 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
ENTERPRISE 
 TUNISIENNE 
 D'ACTIVITES 
 PETROLIERES     --                        --      2,582,264  [A]         --      --                --      2,582,264 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
MONSIEUR LE 
 RECEVEUR DES 
 FINANCES DU 
 LAC             --                33,277,974     18,976,849              --      --                --     52,254,823 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
Total             --               33,277,974     21,559,113              --      --                --     54,837,087 
-------------  ---------------  -------------  -------------  ---  ---------  ------  ----------------  ------------- 
 
                                                                                                  Project Reports (in 
                                                                                                                 USD) 
                 Production                                                             Infrastructure 
                  Entitlement           Taxes      Royalties         Bonuses    Fees      Improvements          Total 
-------------  ---------------  -------------  -------------  ---  ---------  ------  ----------------  ------------- 
Projects: 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
HASDRUBAL 
 CONCESSION      --                15,869,421      6,555,163  [B]         --      --                --     22,424,584 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
MISKAR 
 CONCESSION      --                17,408,553     15,003,950  [C]         --      --                --     32,412,503 
-------------  ---------------  -------------  -------------       ---------  ------  ----------------  ------------- 
Total             --               33,277,974     21,559,113              --      --                --     54,837,087 
-------------  ---------------  -------------  -------------  ---  ---------  ------  ----------------  ------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [A]   Includes payment in kind of $2,582,264 for 74 KBOE valuated at 
market price. 
 
   [B]   Includes payment in kind of $1,449,620 for 44 KBOE valuated at 
market price. 
 
   [C]   Includes payment in kind of $1,132,644 for 30 KBOE valuated at 
market price. 
 
 
 
 
Canada 
  Government Reports (in USD) [1] 
                 Production                                                             Infrastructure 
                  Entitlement       Taxes        Royalties     Bonuses       Fees        Improvements        Total 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
Governments: 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
GOVERNMENT OF 
 ALBERTA         --                       --     23,051,086         --            --                --     23,051,086 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
MUNICIPAL 
 DISTRICT OF 
 GREENVIEW       --                       --             --         --       479,304                --        479,304 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
PROVINCIAL 
 TREASURER OF 
 ALBERTA         --                 -927,750             --         --     1,229,493                --        301,743 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
RECEIVER 
 GENERAL FOR 
 CANADA          --               -1,773,560    -14,941,024         --            --                --    -16,714,585 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
MINISTRY OF 
 EMPLOYMENT 
 AND 
 INVESTMENT      --                       --             --         --       691,242                --        691,242 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
MINISTER OF 
 FINANCE 
 (BC)            --                       --      6,250,506         --       551,897                --      6,802,403 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
ALBERTA 
 ENERGY 
 REGULATOR       --                       --             --         --       584,950                --        584,950 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
Total             --              -2,701,310     14,360,567         --     3,536,885                --     15,196,142 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
 
  Project Reports (in USD) 
                 Production                                                             Infrastructure 
                  Entitlement          Taxes      Royalties    Bonuses          Fees      Improvements          Total 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
Projects: 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
ATHABASCA OIL 
 SANDS           --                 -927,750             --         --            --                --       -927,750 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
FOOTHILLS        --                       --     12,240,084         --            --                --     12,240,084 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
GREATER DEEP 
 BASIN           --                       --     12,908,832         --       815,691                --     13,724,524 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
GROUNDBIRCH      --                       --      6,250,506         --     1,243,139                --      7,493,645 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
INSITU           --                       --        272,041         --            --                --        272,041 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
SABLE 
 DEEPWATER       --                       --    -17,310,894         --            --                --    -17,310,894 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
Entity level 
payment: 
-------------                                                                                           ------------- 
SHELL CANADA 
 ENERGY          --                       --             --         --     1,478,054                --      1,478,054 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
SHELL CANADA 
 BROS INC        --               -3,104,475             --         --            --                --     -3,104,475 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
SHELL CANADA 
 LIMITED         --                1,330,914             --         --            --                --      1,330,914 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
Total             --              -2,701,310     14,360,567         --     3,536,885                --     15,196,142 
-------------  ---------------  ------------  -------------  ---------  ------------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Mexico 
  Government Reports (in USD) [1] 
                                                             Production                                                         Infrastructure 
                                                             Entitlement     Taxes     Royalties     Bonuses        Fees         Improvements        Total 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
Governments: 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
FONDO MEXICANO DEL PETROLEO PARA 
 LA ESTABILIZACION Y EL DESARROLLO                           --              --        --            --           15,433,767                --     15,433,767 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
SERVICIO DE ADMINISTRACION TRIBUTARIA                        --              --        --            --           20,130,823                --     20,130,823 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
Total                                                         --              --        --            --          35,564,591                --     35,564,591 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
 
  Project Reports (in USD) 
                                                             Production                                                         Infrastructure 
                                                             Entitlement     Taxes     Royalties     Bonuses            Fees      Improvements          Total 
---------------------------------------------------------  --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
Entity level payment: 
                                                                                                                                                ------------- 
SHELL EXPLORACIÓN Y EXTRACCIÓN DE MÉXICO, 
 S.A. DE C.V.                                                --              --        --            --           35,564,591                --     35,564,591 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
Total                                                         --              --        --            --          35,564,591                --     35,564,591 
                                                           --------------  --------  ------------  ----------  -------------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
United States 
  Government Reports (in USD) [1] 
                 Production                                                                Infrastructure 
                  Entitlement        Taxes        Royalties      Bonuses       Fees         Improvements        Total 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Governments: 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
United States 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
OFFICE OF 
 NATURAL 
 RESOURCES 
 REVENUE         --                        --     531,873,362         --     42,585,662                --     574,459,023 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Alaska 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
DIVISION OF 
 OIL AND GAS     --                        --              --         --        243,408                --         243,408 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Louisiana 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
STATE OF 
 LOUISIANA       --                   417,878              --         --             --                --         417,878 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Pennsylvania 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
COMMONWEALTH 
 OF 
 PENNSYLVANIA    --                        --              --         --      5,184,207                --       5,184,207 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Texas 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
STATE OF 
 TEXAS           --                53,370,039      80,614,748         --             --                --     133,984,787 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
THE 
 UNIVERSITY 
 OF TEXAS 
 SYSTEM          --                        --              --         --        357,239                --         357,239 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
TEXAS A&M 
 UNIVERSITY 
 SYSTEM          --                        --         446,311         --             --                --         446,311 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Total             --               53,787,917     612,934,421         --     48,370,516                --     715,092,854 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
 
  Project Reports (in USD) 
                 Production                                                                Infrastructure 
                  Entitlement           Taxes       Royalties    Bonuses           Fees      Improvements           Total 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Projects: 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
ALASKA 
 EXPLORATION     --                        --              --         --        243,408                --         243,408 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
APPALACHIA       --                        --              --         --      5,184,207                --       5,184,207 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
GOM (CENTRAL)    --                        --     467,576,809         --        184,320                --     467,761,129 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
GOM (WEST)       --                        --      64,296,552         --             --                --      64,296,552 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
GOM 
 EXPLORATION     --                        --              --         --     42,401,342                --      42,401,342 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
PERMIAN          --                52,525,546      81,061,059         --        357,239                --     133,943,844 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Entity level 
payment: 
-------------                                                                                              -------------- 
SWEPI LP         --                 1,448,286              --         --             --                --       1,448,286 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
SHELL 
 OFFSHORE 
 INC.            --                  -185,915              --         --             --                --        -185,915 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
Total             --               53,787,917     612,934,421         --     48,370,516                --     715,092,854 
-------------  ---------------  -------------  --------------  ---------  -------------  ----------------  -------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Argentina 
  Government Reports (in USD) [1] 
                   Production                                                       Infrastructure 
                    Entitlement     Taxes      Royalties     Bonuses      Fees       Improvements        Total 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
Governments: 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
GAS Y PETROLEO 
 DEL NEUQUEN 
 S.A.              --               --                 --         --     146,055                --        146,055 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
PROVINCIA DE 
 SALTA             --               --          2,636,402         --          --                --      2,636,402 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
PROVINCIA DEL 
 NEUQUEN           --               --         19,209,717         --     313,401                --     19,523,118 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
Total               --               --        21,846,119         --     459,455                --     22,305,574 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
 
  Project Reports (in USD) 
                   Production                                                       Infrastructure 
                    Entitlement     Taxes       Royalties    Bonuses        Fees      Improvements          Total 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
Projects: 
---------------                                                                                     ------------- 
ACAMBUCO           --               --          2,636,402         --          --                --      2,636,402 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
ARGENTINA 
 UNCONVENTIONAL 
 PROJECTS          --               --         19,209,717         --     459,455                --     19,669,172 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
Total               --               --        21,846,119         --     459,455                --     22,305,574 
---------------  ---------------  --------  -------------  ---------  ----------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Bolivia 
  Government 
   Reports 
   (in USD) 
   [1] 
                 Production                                                         Infrastructure 
                  Entitlement     Taxes     Royalties     Bonuses        Fees        Improvements       Total 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
Governments: 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
NATIONAL OIL 
 COMPANY OF 
 BOLIVIA         --               --        --            --           1,574,770                --     1,574,770 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
Total             --               --        --            --          1,574,770                --     1,574,770 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
 
  Project 
   Reports 
   (in USD) 
                 Production                                                         Infrastructure 
                  Entitlement     Taxes     Royalties     Bonuses           Fees      Improvements         Total 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
Projects: 
-------------                                                                                       ------------ 
HUACARETA        --               --        --            --           1,574,770                --     1,574,770 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
Total             --               --        --            --          1,574,770                --     1,574,770 
-------------  ---------------  --------  ------------  ----------  ------------  ----------------  ------------ 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
 
 
 
Brazil 
  Government Reports (in USD) [1] 
                                                      Production                                                                  Infrastructure 
                                                      Entitlement           Taxes        Royalties      Bonuses       Fees         Improvements         Total 
                                                    -------------  ---  ------------  --------------  ---------  -------------  ----------------  --------------- 
Governments: 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
MINISTERIO DA FAZA                                          --                 --     550,812,951         --    985,113,310                --    1,535,926,262 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
PRÉ-SAL PETRÓLEO SA                          12,138,272  [A]            --              --         --             --                --       12,138,272 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
PETRÓLEO BRASILEIRO SA                                    --                 --              --         --        739,324                --          739,324 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
SECRETARIA DA RECEITA FEDERAL 
 DO BRASIL                                                     --          8,035,627              --         --             --                --        8,035,627 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
Total                                                  12,138,272          8,035,627     550,812,951         --    985,852,635                --    1,556,839,485 
                                                    -------------  ---  ------------  --------------  ---------  -------------  ----------------  --------------- 
 
  Project Reports (in USD) 
                                                       Production                                                                 Infrastructure 
                                                      Entitlement              Taxes       Royalties    Bonuses           Fees      Improvements            Total 
                                                    -------------  ---  ------------  --------------  ---------  -------------  ----------------  --------------- 
Projects: 
                                                                                                                                                  --------------- 
BASIN EXPLORATION PROJECTS                                     --                 --              --         --        739,324                --          739,324 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
BC-10                                                          --                 --      24,739,055         --             --                --       24,739,055 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
BIJUPIRA AND SALEMA                                            --                 --       8,104,636         --             --                --        8,104,636 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
BM-S-9, BM-S-9A, BM-S-11, BM-S-11A AND ENTORNO DE 
 SAPINHOA                                                      --                 --     506,218,983         --    985,113,310                --    1,491,332,293 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
LIBRA PSC                                              12,138,272  [B]                    11,750,278                                                   23,888,549 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
Entity level payment: 
                                                                                                                                                  --------------- 
SHELL BRASIL PETROLEO LTDA                                     --          8,035,627              --         --             --                --        8,035,627 
                                                    -------------       ------------  --------------  ---------  -------------  ----------------  --------------- 
Total                                                  12,138,272          8,035,627     550,812,951         --    985,852,635                --    1,556,839,485 
                                                    -------------  ---  ------------  --------------  ---------  -------------  ----------------  --------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [A]   Includes payment in kind of $12,138,272 for 317 KBOE valuated at 
market price. 
 
   [B]   Includes payment in kind of $12,138,272 for 317 KBOE valuated at 
market price. 
 
 
 
 
Trinidad and Tobago 
  Government 
   Reports 
   (in USD) 
   [1] 
                                  Production                                                           Infrastructure 
                                  Entitlement       Taxes       Royalties     Bonuses       Fees        Improvements        Total 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
Governments: 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
BOARD OF INLAND REVENUE                    --     13,790,525            --         --            --                --     13,790,525 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
PERMANENT SECRETARY MINISTRY 
 OF ENERGY                         62,884,045        113,477     2,284,658         --     9,501,505                --     74,783,685 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
Total                              62,884,045     13,904,002     2,284,658         --     9,501,505                --     88,574,210 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
 
  Project 
   Reports 
   (in USD) 
                                   Production                                                          Infrastructure 
                                  Entitlement          Taxes     Royalties    Bonuses          Fees      Improvements          Total 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
Projects: 
                                                                                                                       ------------- 
BLOCK 5C, 5D AND 6D                        --             --            --         --     2,653,448                --      2,653,448 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
BLOCK 6B                           55,874,429             --            --         --     1,684,458                --     57,558,887 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
CENTRAL BLOCK                              --     13,904,002     2,284,658         --       713,613                --     16,902,273 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
NORTH COAST MARINE AREA 
 1 (NCMA1)                          7,009,616             --            --         --     1,796,955                --      8,806,572 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
Entity level payment: 
                                                                                                                       ------------- 
BG INTERNATIONAL LIMITED 
 -- TRINIDAD AND TOBAGO 
 BRANCH                                    --             --            --         --     2,653,030                --      2,653,030 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
Total                              62,884,045     13,904,002     2,284,658         --     9,501,505                --     88,574,210 
                               --------------  -------------  ------------  ---------  ------------  ----------------  ------------- 
 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   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. 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 07, 2021 05:15 ET (09:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.