Bolivia

Shell Bolivia Corporation, Sucursal Bolivia is a company whose main activity is the exploration, development and exploitation of natural gas and associated liquids. Shell Bolivia Corporation is the sole shareholder of Shell Bolivia Corporation, Sucursal Bolivia, and is an entity established in the Cayman Islands. Shell Bolivia Corporation's sole shareholder is BG Overseas Ltd., a UK-registered entity. Shell acquired these entities as part of the acquisition of BG Group in 2016.

Shell Bolivia Corporation, Sucursal Bolivia is subject to tax in Bolivia and tax is not reduced as a result of its being held through a Cayman Island company.

Shell in Bolivia explores the Huacareta area, the largest undeveloped area in Bolivia and is operator of the La Vertiente area, which brings together natural gas from five different fields in a single processing plant. Shell also has a non-operator interest in the Caipipendi and Tarija West areas.

We also have two entities that are in the process of liquidation, Shell Bolivia S.A. and Pennzoil Bolivia S.A..

Country Financial Analysis

Revenues were earned from services provided to the Bolivian national oil company (YPFB).

Due to exploration costs during 2018, no income tax payments were due in 2018.

Our Payments to Governments Report for 2018 shows that Shell also paid around $1.6 million in fees.