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Brunei Darussalam

5 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

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Shell’s footprint

Shell has been present in Brunei for more than 90 years and our activities are mainly carried out by non-Shell-operated joint-venture companies. The figures above are for Shell’s wholly owned entities in Brunei that are active in exploration and production.

Country financial analysis

The statutory petroleum income tax rate in Brunei is 55%. Production-sharing contracts (PSCs) are assessed according to the individual legal entity or asset. This means that losses in one PSC may not be offset against profits arising elsewhere.

Our Payments to Governments Report for 2021 shows that Shell paid around $8.6 million in production entitlements and royalties.

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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Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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