UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
SCHLUMBERGER N.V.
(SCHLUMBERGER LIMITED)
(Exact name of registrant as specified in its charter)
| Curaçao | 1-4601 | 52-0684746 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 42 rue Saint-Dominique Paris, France |
75007 | |
| 5599 San Felipe Houston, Texas, U.S.A. |
77056 | |
| 62 Buckingham Gate London, United Kingdom |
SW1E 6AJ | |
| Parkstraat 83 The Hague, The Netherlands |
2514 JG | |
| (Addresses of principal executive offices) | (Zip Codes) | |
Dianne B. Ralston
Chief Legal Officer and Secretary
(713) 513-2000
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1, 2023 to December 31, 2023. |
| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. |
Section 1 — Conflict Minerals Disclosure
Items 1.01 and 1.02 Conflict Minerals Disclosure and Report; Exhibit
Not applicable.
Section 2 — Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Schlumberger Limited (“SLB”) is subject to the French Commercial Code (“FCC”). SLB is relying on the alternative reporting provisions of Item 2.01 and providing its FCC report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. SLB’s FCC report is available on SLB’s website at https://www.slb.com/news-and-insights/newsroom/press-release/2024/slb-reports-on-payments-to-governments-for-the-year-ended-31-december-2023 . The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
Section 3 — Exhibits
Item 3.01 Exhibits
Exhibit 2.01 – SLB Reports on Payments to Governments for the year ended 31 December 2023.
* * * * *
| * | The reference to SLB’s website is provided for convenience only, and its contents are not incorporated by reference into this Form SD and Exhibit 2.01, nor deemed filed with the Securities and Exchange Commission. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
| SCHLUMBERGER LIMITED |
| /s/ Dianne Ralston |
| Dianne Ralston |
| Chief Legal Officer and Secretary |
Date: July 24, 2024
Exhibit 2.01
SLB Reports on Payments to Governments for the year ended 31 December 2023
PARIS, June 28, 2024 – SLB (NYSE: SLB) is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”), which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to governments for the year ended December 31, 2023 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2023 to governments in Morocco, the United Kingdom and the United States in connection with the Company’s extractive activities under the FCC, including its operation of barite mines.
Payments are disclosed in US Dollars. Where a payment or a series of related payments is less than the equivalent of EUR100,000 (USD $108,245.15), such payments have been excluded (in line with the FCC). Payments made in currencies other than US Dollars are converted based on the foreign exchange rate at the relevant annual average rate.1
Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.
Year ended December 31, 2023 (USD in thousands)
Morocco
Project Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements |
Bonuses | Infrastructure Improvements |
Dividends | Total3 | |||||||||||||||||||||||||
| COMABAR (Barite) |
2,410.8 | 0 | 0 | 64.7 | 0 | 0 | 2,294.7 | 4,770.2 | ||||||||||||||||||||||||
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| 2023 Total |
2,410.8 | 0 | 0 | 64.7 | 0 | 0 | 2,294.7 | $ | 4,770.2 | |||||||||||||||||||||||
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Government Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements |
Bonuses | Infrastructure Improvements |
Dividends | Total3 | |||||||||||||||||||||||||
| General Tax Administration |
2,410.8 | 0 | 0 | 64.7 | 0 | 0 | 0 | 2,475.5 | ||||||||||||||||||||||||
| Office National des Hydrocarbures et des Mines (ONHYM) |
0 | 0 | 0 | 0 | 0 | 0 | 2,294.7 | 2,294.7 | ||||||||||||||||||||||||
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| 2023 Total |
2,410.8 | 0 | 0 | 64.7 | 0 | 0 | 2,294.7 | $ | 4,770.2 | |||||||||||||||||||||||
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United Kingdom
Project Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements |
Bonuses | Infrastructure Improvements |
Dividends | Total3 | |||||||||||||||||||||||||
| Foss Mine (Barite) |
30.4 | 68.8 | 3.8 | 0 | 0 | 0 | 0 | 103.0 | ||||||||||||||||||||||||
| Duntanlich (Barite) |
94.1 | 21.6 | 16.0 | 0 | 0 | 0 | 0 | 131.7 | ||||||||||||||||||||||||
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| 2023 Total |
124.5 | 90.4 | 19.8 | 0 | 0 | 0 | 0 | $ | 234.7 | |||||||||||||||||||||||
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Government Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements |
Bonuses | Infrastructure Improvements |
Dividends | Total3 | |||||||||||||||||||||||||
| Forestry Commission of Scotland |
0 | 90.4 | 0 | 0 | 0 | 0 | 0 | 90.4 | ||||||||||||||||||||||||
| Scottish Environment Protection Agency (SEPA) |
0 | 0 | 18.1 | 0 | 0 | 0 | 0 | 18.1 | ||||||||||||||||||||||||
| HSE Mines Inspectorate |
0 | 0 | 1.7 | 0 | 0 | 0 | 0 | 1.7 | ||||||||||||||||||||||||
| Scottish Police Authority |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | ||||||||||||||||||||||||
| HM Revenue and Customs |
0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | ||||||||||||||||||||||||
| Revenue Scotland LBTT Refund Regs of Scotland Fees & Assignations for leases |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | ||||||||||||||||||||||||
| Perth & Kinross Council |
124.1 | 0 | 0 | 0 | 0 | 0 | 0 | 124.1 | ||||||||||||||||||||||||
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| 2023 Total |
124.5 | 90.4 | 19.8 | 0 | 0 | 0 | 0 | $ | 234.7 | |||||||||||||||||||||||
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United States
Project Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements2 |
Bonuses | Infrastructure Improvements |
Dividends | Total3 | |||||||||||||||||||||||||
| Big Bird (Barite) |
0 | 0 | 19.3 | 0 | 0 | 0 | 0 | 19.3 | ||||||||||||||||||||||||
| Greystone Mine (Barite) |
265.7 | 0 | 7.9 | 0 | 0 | 0 | 0 | 273.6 | ||||||||||||||||||||||||
| Mountain Springs (Barite) |
348.3 | 0 | 10.9 | 0 | 0 | 0 | 0 | 359.2 | ||||||||||||||||||||||||
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| 2023 Total |
614.0 | 0 | 38.1 | 0 | 0 | 0 | 0 | $ | 652.1 | |||||||||||||||||||||||
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Government Report
| Taxes | Royalties2 | Licenses and Fees |
Production Entitlements2 |
Bonuses | Infrastructure Improvements |
Dividends | Total | |||||||||||||||||||||||||
| Elko County |
0 | 0 | 1.3 | 0 | 0 | 0 | 0 | 1.3 | ||||||||||||||||||||||||
| Lander County |
63.2 | 0 | 1.3 | 0 | 0 | 0 | 0 | 64.5 | ||||||||||||||||||||||||
| State of Nevada |
550.8 | 0 | 0 | 0 | 0 | 0 | 0 | 550.8 | ||||||||||||||||||||||||
| BLM |
0 | 0 | 35.5 | 0 | 0 | 0 | 0 | 35.5 | ||||||||||||||||||||||||
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| 2023 Total |
614.0 | 0 | 38.1 | 0 | 0 | 0 | 0 | $ | 652.1 | |||||||||||||||||||||||
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Notes:
| 1. | Payments made in local currencies are translated at the average exchange rate for the year. Conversion of EUR to USD based on a rate of EUR 1 = $1.0824 and of GBP 1 = $1.2439. |
| 2. | Royalty payments and production entitlements are paid in cash, except where noted. The value of production entitlements made in kind are calculated with reference to market rates at the time of payment. |
| 3. | Totals do not add exactly due to rounding. |
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Investors
James R. McDonald—Senior Vice President of Investor Relations and Industry Affairs
Joy V. Domingo—Director of Investor Relations
Office +1(713)375-3535
investor-relations@slb.com
Media
Moira Duff—Director of External Communications
Office +1(713)375-3407
media@slb.com