Main Business Activities
Shell has been present in Uruguay since the acquisition of BG Group in 2016. BG Uruguay SA (BGU), a wholly-owned Shell subsidiary, provides services and advice to Gasoducto Cruz del Sur SA (GCDS), a midstream business under the concession agreement for the construction and operation of a pipeline between Punta Lara (Argentina) and Montevideo (Uruguay). In 2017, BGU agreed to relinquish three offshore exploration blocks to the Uruguayan government.
Country Financial Analysis
Profit is generated from the provision of services and the tax reflects the Uruguyan tax payable on the profits.