Annual Report 2010

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CORPORATE RESPONSIBILITY These goals have been communicated to General and HSE managers in the Group, together with suggested “Promote, Prevent & Reduce” actions from the Health, Safety and Environment perspectives. The Corporate HSE Plan Lundin Petroleum elaborates a corporate HSE Plan on a yearly basis. The purpose of this Plan is to have a systematic approach to HSE management, to increase HSE awareness among staﬀ and involve them in planned activities, to promote a sound HSE culture at corporate management level as well as reinforce the Company’s corporate HSE goals. The corporate HSE Plan describes the Company’s main operations and the HSE activities which will be undertaken to ensure that operations are carried out in accordance with HSE best practice. The Plan is developed by the VP Corporate Responsibility (VPCR) in consultation with the CEO and Chief Operating Oﬃcer (COO), and is checked for progress at minimum on a quarterly basis. The Plan covers general, management system, audit and veriﬁcation, as well as oﬃce activities. In 2010 most activities were carried out per, or above, the corporate HSE Plan, except for the frequency of HSE Quarterly Management Meetings, and for the corporate reviews of the HSE Management Systems Requirements, which were carried out as follows: » France: a revised HSE Management System was in the process of introduction and the subject of an informal review; an audit is planned for 2011. » Indonesia: a new HSE Management System is planned and will be reviewed in 2011. » Malaysia: a new HSE Management System was in the process of development and was the subject of an informal review; an audit is planned for 2011. » Norway: HSE management practice rather than system was reviewed; an audit is planned for 2011. » Russia: the formal review was postponed to 2011 in view of the level of activity in 2010. » Tunisia: a formal corporate audit was undertaken. The Country HSE Plans Country management are required under the Green Book to have their own country and/or asset HSE Plans as a means to manage HSE issues on a pro-active basis, setting HSE goals and objectives and ensuring that HSE issues are addressed by line management. A new corporate reporting requirement has been set for 2011 whereby country operations will report monthly on progress against their HSE Plan in order for corporate to have regular and auditable information regarding every country’s HSE management activities. The Corporate Guidelines A new feature in Lundin Petroleum’s CR framework in 2010 has been the development of corporate Guidelines. The purpose of the Guidelines is to assist country operations in focussing on speciﬁc CR & HSE issues which corporate has identiﬁed as requiring special attention in view of developments within the Company or industry. In 2010, the following Guidelines were issued: » Guidelines for HSE Managers for the Budgeting Process. » Guidelines on Oil Spill Preparedness. » Guidelines on Sustainable Investments. The Guidelines for HSE Managers for the Budgeting Process assists HSE managers, through a series of questions, to ensure that HSE issues have been properly addressed and integrated in operational budgets. HSE managers are required to report to corporate that they are satisﬁed with the operational budgets. The Guidelines on Oil Spill Preparedness were issued following the Deepwater Horizon accident as an additional control mechanism to ensure that Group companies have the proper response equipment, plans, capability and third party arrangements in place. Emergency preparedness is part of the Green Book and since 2004 all oﬀshore operated drilling and production activities are covered under corporate contract with Oil Spill Response Ltd, the Guidelines are thus a reinforcement of existing practice. The Guidelines on Sustainable Investments replace the former Corporate Donations Policy; the document was revised to reﬂect Lundin Petroleum’s management of stakeholder issues such as community relations and environmental protection, in view of its new focus areas, i.e. Europe and South East Asia (see below under Sustainable Investments). The Corporate HSE Procedures Lundin Petroleum has corporate requirements and procedures that aim to ensure that operations are conducted in a safe and respectful manner throughout the Group; these include the HSE Management System Requirements (MSR), which provide guidance on the speciﬁc requirements on operations under the Green Book. In 2010 the HSE MSR Self-Assessment Form was used as a basis for formal HSE MS audits (Tunisia) and reviews (France, Indonesia and Malaysia). In 2011 the same document will be relied upon to carry out formal audits of all operated assets. The corporate HSE Reporting Requirements, modiﬁed in 2009 to align with the Occupational Safety and Health Administration standards (OSHA 1904), remained unchanged in 2010. The Company is thus building a track record of HSE performance to carry out multi-year comparisons of HSE performance (see below under Comparison 2009-2010 HSE KPIs). Crisis management procedures are also in place to ensure business continuity in the event of a problem either at operations or corporate. Operated country operations are required to carry out at least one emergency drill involving corporate, in order to test the eﬀectiveness of the emergency response procedure and communications between corporate and operations during emergency situations. The requirement was fulﬁlled by all operated assets in 2010. 36 Lundin Petroleum ANNUAL REPORT 2010

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