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 incorporated 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 its tax is not reduced as a result of its being held through a Cayman Island company.

Shell in Bolivia explores the Huacareta area 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. In 2019, Shell ended its contract for the operation of La Vertiente.

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

Country Financial Analysis

The statutory corporate income tax rate in Bolivia is 25%.
The revenues for 2019 were earned from sales to the Bolivian national oil company, Yacimientos Petroliferos Fiscales Bolivianos (YPFB). Due to exploration costs, Shell in Bolivia made a loss before tax and therefore no corporate income tax payments were due in 2019.

Our Payments to Governments Report for 2019 shows that Shell paid around $1.3 million in fees.