Annual Report 2010

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CORPORATE RESPONSIBILITY OUR PEOPLE BERNT RUDFJORD HSE Manager Oslo, Norway Bernt has 25 years experience as a petroleum engineer. He joined Lundin Petroleum in 2006 and is responsible for health, safety and environment regarding drilling and development projects. Lundin Petroleum’s whistleblowing procedure, adopted in 2008 to provide an avenue for all the employees in the Group to raise concerns about improper, unethical or illegal conduct in the workplace and to obtain reassurance that they will be protected from reprisals or victimisation for whistleblowing in good faith has not resulted in any allegation of misconduct. The Country HSE Procedures There are operational HSE procedures in every country of operations covering the full spectrum of exploration and production activities, from environmental, security and risk studies and assessments, to permit-to-work systems, Job Safe Analyses, oil spill and emergency response preparedness as well as HSE and business continuity plans. All procedures are tested and veriﬁed on an ongoing basis, through drills as well as internal, external and/or regulatory audits. The HSE Committee Lundin Petroleum’s corporate HSE Committee, consisting of the SVPO, VPCR and HR Manager, is tasked with addressing HSE matters on a needs basis. Meetings focus on a single issue or review a number of issues such as KPIs, the HSE implications of planned or current operations, the implication of the Deepwater Horizon accident, and potential problem areas, etc. In 2010 the Committee met informally on a monthly basis and held four formal meetings. The HSE Network Lundin Petroleum gathers on a bi-monthly basis Group HSE and General Managers in a conference call. Each HSE Teleconference includes a review of main concerns/issues of the month, a status and discussion of HSE Key Performance Indicators (KPIs), lessons learned, and a presentation by one of the assets about a speciﬁc HSE issue. Five teleconferences were held in 2010. The topics of the presentations were: » HSE Management (Aberdeen, UK). » Oil Spill Preparedness (Astrakhan, Russia). » Contractor Management (Indonesia). » Sustainable Investments (Moscow, Russia). » Risk Management (Oslo, Norway). All HSE corporate, operational and industry documents as well as teleconference materials including presentations are posted on a dedicated HSE web forum, accessible by GMs, Operations and HSE managers throughout the Group. THE HSE STRUCTURE The HSE Board Representative Lundin Petroleum’s Board of Directors has a supervisory role regarding HSE issues. In 2009, it was decided that the Board would have a member acting as focal point for HSE issues. In 2010 a dialogue has taken place between management and the Board member to review HSE management and performance issues on an ongoing basis. The HSE Quarterly Management Meeting Lundin Petroleum HSE Quarterly Management Meeting, initiated end 2009, convenes senior and operational management to review HSE performance in the Group, progress against HSE Plan and discuss HSE implications of planned operational activities and other matters of interest. In 2010 only one of the four scheduled meetings was held, although HSE management and performance issues were addressed in individual meetings between the VPCR and the CEO, COO, the Senior VP Operations (SVPO) and/or the Group Human Resources Manager (HR Manager). The topics covered at the quarterly meeting were: » Review of Group’s HSE performance. » Comparison of Group’s HSE Key Performance Indicators relative to peers. » Contribution of Lundin Petroleum’s to the Climate Change Disclosure Project. » Implication of Lundin Petroleum accession to the Global Compact. » Presentation on the two ﬁrst principles on human rights of the Global Compact. LUNDIN PETROLEUM 2010 HSE PERFORMANCE The HSE KPIs The Company tracks a number of HSE Key Performance Indicators (KPIs) for its operated assets as a means to monitor the status of performance throughout the Group. In doing so it also fulﬁls its UNGC commitments regarding labour and the environment. Health & Safety KPIs The Health & Safety indicators tracked on an ongoing basis throughout the Group and reported on a monthly basis to corporate are Fatalities, Lost Time Incidents, Restricted Work Incidents (RWI) and Medical Treatment Incidents (MTI) among staﬀ and contractors. Coupled with the number of hours worked, these indicators enable the Company to determine its Total Recordable Incident Rate (TRIR) per 200’000 hours worked. In addition to these lagging indicators (reporting incidents that 37

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