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0 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main business activities

  • Holding investments

Shell’s footprint

Shell has been active in Mauritius since the acquisition of Pennzoil in 2002. Shell has holding companies in Mauritius, which have investments in India and the Cayman Islands. The Indian oil and gas business was acquired as a result of the BG Group acquisition in 2016 and is run through BG Exploration and Production India Limited (BGEPIL), an entity established in the Cayman Islands. BGEPIL’s production-sharing contract (PSC) with the Indian government ended in December 2019. Profits from the PSC are subject to tax in India. BGEPIL is carrying out decommissioning activities in India.

Country financial analysis

The statutory corporate income tax rate in Mauritius is 15%. The holding companies incurred a loss for 2021 and therefore no tax was paid.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Production-sharing contracts or concessions
A production-sharing contract (PSC) is a contractual arrangement between the holders of a resource, typically a country’s government, and a resource extraction company concerning how much oil or gas each party would receive. The company bears the mineral and financial risk of the initiative. It explores, develops and, if successful, manages production. Costs are recovered through the sales of oil or gas and what is left over is split depending on the terms of the contract.
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