PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
Shell has been active in Tanzania since 2010. Shell Exploration and Production Tanzania Ltd. (SEPTL) is a company incorporated in the UK with a branch registered in Tanzania. The principal activity of SEPTL is the exploration and development of gas in Tanzania (based on natural gas reserves in the Tanzania offshore area). SEPTL is the operator of two offshore blocks, and has a 60% interest in both.
Shell Deepwater Tanzania B.V. is a company incorporated in the Netherlands with a branch registered in Tanzania (SDT-Tanzania) and a branch registered in Zanzibar (SDT-Zanzibar).
SDT-Tanzania started its exploration activities in 2011. SDT-Tanzania does not hold a current licence in any block.
SDT-Zanzibar started its exploration activities in 2013, but very limited operations took place in 2019.
Country Financial Analysis
The standard corporate tax rate in Tanzania is 30%.
In view of the overall losses in the country, no corporate income taxes were paid.