Main Business Activities
- Holding investments
Shell has been active in Mauritius since the acquisition of Pennzoil in 2002. Shell has holding companies in Mauritius, which have investments in Indian subsidiaries. There are two dormant entities and an active business which produces oil and gas at Panna-Mukta, and carries out decommissioning work at Tapti. The Indian oil and gas business was acquired as a result of the BG Group acquisition in 2016 and is run through BG E&P Indian Ltd., under a production sharing contract (PSC) with the Indian government. Profits from the PSC are reported in the accounts of Shell India. The PSC ends in December 2019.
Country Financial Analysis
The dormant holding companies of Shell Mauritius incurred a loss for 2018 and therefore no tax was paid.