Schlumberger Limited is providing the following disclosure pursuant to
DTR 4.3A of the UK Financial Conduct Authority’s Disclosure Rules and
Transparency Rules, which requires disclosures of certain payments made
by Schlumberger Limited and its consolidated subsidiaries (together, the
“Company”) to governments for the year ended December 31, 2017 relating
to “extractive industries” as defined by, and required under, the
Reports on Payments to Governments Regulations 2014 (SI 2014/3209) (as
amended, the “UK Regulations”). The following schedules disclose the
payments made by the Company in 2017 to governments in Bolivia, Georgia,
Morocco, the United Kingdom and the United States in connection with
Schlumberger’s extractive activities under the UK Regulations, including
its operation of sand and barite mines.
Payments are disclosed in US Dollars. Where a payment or a series of
related payments is less than the equivalent of £86 000 (USD $116,269)
such payments have been excluded (in line with the UK Regulations).
Payments made in currencies other than United States Dollars are
converted based on the foreign exchange rate at the relevant annual
Taxes exclude taxes levied on consumption such as value added taxes,
personal income taxes or sales taxes.
Schlumberger is the world’s leading provider of technology for reservoir
characterization, drilling, production, and processing to the oil and
gas industry. Working in more than 85 countries and employing
approximately 100,000 people who represent over 140 nationalities,
Schlumberger supplies the industry’s most comprehensive range of
products and services, from exploration through production, and
integrated pore-to-pipeline solutions that optimize hydrocarbon recovery
to deliver reservoir performance.
Schlumberger Limited has principal offices in Paris, Houston, London and
The Hague, and reported revenues of $30.44 billion in 2017. For more
information, visit www.slb.com.