not available at the time of publication
Main Business Activities
- Upstream and Integrated Gas
Shell inherited two UK-registered entities with Kenyan branches when it acquired BG Group in 2016. These branches explored two areas off the coast of Kenya through production sharing contracts (PSCs). Exploration has been unsuccessful and Shell notified the government of its intention to relinquish the two PSCs in May 2018. The PSCs automatically lapsed on their expiry date, June 15, 2018.
Country Financial Analysis
Shell’s operations in Kenya incurred losses in 2018 and have now ceased. Corporate income tax is not expected to be due, but a final assessment will be made by the tax authorities.