Annual Report 2011

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CORPORATE RESPONSIBILITY Lundin Petroleum’s Emergency Response Plan (ERP), in place to ensure business continuity in the event of a problem either in a country of operations or at Group level was fully revised in 2011, to provide further guidance to operations in managing and reporting emergencies. It was rolled out to the Group at an HSE teleconference. In 2011 all Group companies carried out at least one emergency drill involving corporate management, in order to test the effectiveness of the ERP and of communications between Group and country management during emergency situations. The Country HSE Procedures There are operational HSE procedures in place for operations conducted by every Group company covering the full spectrum of exploration and production activities, as required, from environmental, risk, security or social studies and assessments, to permit-to-work systems, Job Safety 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 local drills as well as internal, external and/or regulatory audits. In addition, it is a corporate requirement for all operated assets to have a personal behaviour safety system in place such as DuPont’s Safety Training Observation Programme, STOP and to pro-actively analyse their content to prevent incidents. The HSE Network Lundin Petroleum gathers the HSE Network on a bi-monthly basis at an HSE teleconference. Initially destined as to be a forum for HSE managers, in view of the interest the Network generated, it was extended in 2011 to senior Group and country management. Each HSE teleconference includes a review of main concerns/ issues of the month, a status and discussion of HSE KPIs, lessons learned, and a presentation by Group corporate or country management. Seven teleconferences were held in 2011. The topics of country presentations were: » HSE Plan Development (Malaysia) » Storage Tank Cleaning (France) » HSE Workshop for Contractors (Malaysia) » Near Misses (Norway) » HSE Management System (Indonesia) » Emergency Response and Lessons Learned (Tunisia) The topics of corporate presentations were: » United Nations Global Compact Principles » Climate Change » Lundin Petroleum’s Anti-Corruption Policy and Guidelines » Oil Spill Preparedness All HSE corporate, operational and industry documents as well as teleconference materials including presentations are posted on a dedicated HSE web forum, accessible by General, Operations, Drilling and HSE managers throughout the Group. THE HSE STRUCTURE The HSE Board Representative Lundin Petroleum’s Board of Directors has an overall supervisory role regarding HSE issues. It also has a dedicated CR/HSE Board Representative. In addition to regular contacts between the Board’s CR/HSE Representative and the VPCR, as of mid-2011 a report which reviews HSE performance, progress against the HSE Plan, updates on stakeholder issues and sustainable investments is submitted to the Board on a quarterly basis. The HSE Quarterly Management Meeting Lundin Petroleum’s HSE Quarterly Management Meetings convene Group senior, HSE 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. Two formal meetings were held in 2011. HSE management and performance issues were also addressed in individual meetings between the Vice President Corporate Responsibility (VPCR) and the CEO, COO, the Senior Vice President Operations and/or the Group Human Resources Manager as well as in HSE teleconference meetings. The HSE Committee Lundin Petroleum’s HSE Committee, consisting of the Senior Vice President Operations, the VPCR and Human Resource Manager, is tasked with addressing HSE matters on a needs basis. Meetings can cover a number of issues such as KPIs, the implication of an accident, the HSE implications of planned or current operations, including human resources implications and training requirements, and potential problem areas. In 2011, meetings focussed on means to improve HSE performance in France, the only country which recorded Lost Time Incidents in the Group in 2011. LUNDIN PETROLEUM’S 2011 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 and establish HSE priority areas. At minimum, all incidents with a high impact or high potential are the subject of thorough investigations and follow up measures. 36 Lundin Petroleum ANNUAL REPORT 2011

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