Annual Report 2011

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Social Welfare Lundin Tunisia contributes on an annual basis to the Association des Amis du Belvedère which maintains a park situated in the heart of Tunis. In addition to protecting flora from the five continents, the association has initiated a number of renewable energy projects, from solar to wind energy, and has introduced environmental protection projects such as the planting of trees and the recycling of waste. In 2011, Lundin Petroleum provided seed money to establish family plots for neighbouring communities and training them in environmentally friendly farming techniques. Lundin Indonesia upgraded a 1.2 km water pipeline and the existing water supply system, and drilled four water wells in three villages in the Padeglang region where its Rangkas Block is situated. It contributed 1,500 milk boxes for pregnant woman in the Natuna region where its South Sokang Block is situated. In the Anambas Island region where the Baronang, Cakalang and Gurita blocks are situated, Lundin Indonesia donated food, milk and vitamins for infants and pregnant women, as well as two dental chairs with sets of dental tools and a sterilising cabinet. Lundin Petroleum made a financial contribution to Situation Stockholm, a Swedish journal for the homeless. Environmental Protection Preservation of the environment is a key policy goal for Lundin Petroleum and is embedded in its daily operations through, amongst others, its zero discharge goal, emergency and oil spill preparedness, the use of environmentally friendly technologies and products. Environmental protection was also promoted through community development projects in 2011. The Company reiterated its support in Astrakhan, Russia to “Operation Delta” consisting in a group of 20 students who collect over a period of three weeks rubbish left by tourists and local residents on river banks of the Volga Delta. For the first time, Lundin Petroleum’s Astrakhan staff took part in the initiative by spending a day helping the students and participating in a meeting focusing on means to protect the environment. Preservation of biodiversity is also part of Lundin Petroleum’s environmental commitments. In France, the commitment consisted in planting trees on a former well site. In Russia, the Company continued its support to two projects, one involving the artificial breeding of sturgeons, whose population in the Volga Delta area is decreasing due to poaching activities and the other involving the nesting of Siberian cranes, a critically threatened species according to the International Union for Conservation of Nature. Climate Change remains an important consideration for Lundin Petroleum, which tracks greenhouse gas emissions throughout its operations. Lundin Petroleum participated for the third time in the Carbon Disclosure Project obtaining the best disclosure score among Nordic oil and gas companies. Capacity Building Lundin Petroleum considers that one of the best ways to contribute to the improvement of local conditions is through capacity building. In 2011, the Company’s capacity building projects included: » covering part of the fee for a Master’s Degree in Community Development student (South Sudan) » covering the costs of the internship of a Petroleum Engineering student (Malaysia) » covering the cost of the internship of a Petroleum Engineering student (France) » establishing two scholarships at the Bandung Institute of Technology (Indonesia) » contributing to the retraining of pirates from the Gulf of Aden (Norway) » covering the cost of training students in a natural reserve (Russia) Staff Contributions Lundin Petroleum’s commitment to positively impact society includes promoting personal implication of Company staff, by matching their personal contributions and by supporting their participation in charitable or environmental events. Matching contributions At a corporate level, the Company in 2011 matched the following staff contributions: » financial support to Libya SOS, whose mission was to provide medical equipment to civilians during the uprising in Libya » financial support to the Red Cross’ mission in New Zealand as a result of the earthquake in Christchurch » financial support towards the purchase of tents to accommodate refugees from Libya in Tunisia At country level, the Company in 2011 matched the following staff contributions: » financial support equivalent to one to three days’ salary of onshore and offshore staff in Tunisia, to purchase tents to accommodate refugees from Libya Personal participation Lundin Petroleum covered the costs related to staff participation in: » “Courir pour Aider”, a run for charity, whose benefits were donated to a Swiss association helping children with cancer » “Bike to Work”, a Swiss environmental initiative intended to encourage people to bike to work » “Operation Delta”, the clean-up of Volga river banks Governance Lundin Petroleum has elected to contribute to the debate on governance in the oil sector by funding academic research. As a result of the research and workshop it funded at the Institute of Graduate Studies in Geneva in 2010 on “Global and local governance in the energy sector”, a special issue was published by the Journal of Global Governance in April 2011 on “the Governance of Extractive Resources”. As a follow up, Lundin Petroleum funded another research project on “The Impact of Natural Resource-Richness and Governance on Sustainable Development as Measured by ANS”. The results of the research will be presented in a conference and published in an academic journal in 2012. 39

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