Namibia

3 Employees

Third-Party Revenues
$446,044
Related-party revenues
$0
Total Revenues
$446,044
Profit Before Tax
$(6,264,543)
Tax Paid
$0
Tax Accrued
$0
Tangible Assets
$90,000,000
Stated Capital
$0
Accumulated Earnings
$0

Main Business Activities

  • Upstream and Integrated Gas

Shell has an interest in an exploration licence (Shell interest 45%) and is currently conducting exploration activities in its licence area with the objective of identifying commercial hydrocarbon resources.

Country Financial Analysis

Losses reflect exploration costs, for which there is no immediate tax relief. When the project starts production, these costs can be deducted against profits for tax purposes in compliance with local legislation.