QHSE Policy. Our licence to operate

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1 QHSE Policy Our licence to operate

2 Contents Service Quality and HSE represent a top priority for us not only because they are vital to the success of our business, but because lives depend on their successful management. Central to this is to provide a safe, healthy and environmentally sustainable workplace for our employees, contractors and customers. Åge Landro, CEO Additionally, a commitment to operational excellence and first time quality is key to ensure we develop the best relationships with our customers, contractors and the community. We do this by setting clear roles and responsibilities and implementing a practical and efficient management system. This empowers all our employees with the authority and responsibility to play their part in maintaining our commitment to continual improvement. We must integrate QHSE into everything we do and strive to set the benchmark for service quality and HSE performance for others to follow. Our QHSE Policy is our Licence to Operate and we all have a responsibility to protect that. Who does the policy apply to? What is expected of you? Our commitments Delivering on our commitments Our rules

3 Who does the Policy apply to? The Policy applies to Altus Intervention and its subsidiaries (including partly-owned subsidiaries), corporate affiliates, and joint ventures as well as all directors and employees thereof herein referred to collectively as the Company. The Policy also applies to suppliers, subcontractors, representatives, agents and other contracting parties. When providing services to the Company or visiting our premises. All parties to whom this Policy applies are individually responsible for compliance with the Policy. What is expected of you? Our QHSE Policy (the Policy ) sets out clear expectations as to what the Company expects from you in the form of commitments and deliverables. Underpinning that is a set of rules which provide guidance on general management controls and rules for specific core work activities which present particular risks that require additional focus and control.

4 Our commitments: All incidents can be prevented. We continuously strive for zero harm to personnel, damage to equipment or the environment. We focus on employee health and on continuously improving the work environment. We conduct our operations through efficient use of materials and energy, with minimum waste and impact on the environment. We design products and services to have no undue environmental impact, to be safe and to be efficient in consuming energy and natural resources. We seek to ensure that our products can be recycled or disposed of safely. We will only have satisfied customers when we understand their needs, requirements and preferences, and when our performance in every area is aligned to meet or exceed these expectations. Every employee is responsible for the quality of their own work. Our goal is to maintain a high reliability rate for our products and services and committing to a consistently high level of service.

5 Delivering on our commitments Apply a systematic and measurable approach to continually improve our QHSE culture and performance. Develop and implement a robust emergency response and preparedness plan where all relevant personnel have clear roles and responsibilities and with the requisite level of training. Require every employee to take personal responsibility for QHSE by focusing on the behaviours of themselves and their colleagues. Empower every employee with stop work authority. Provide the necessary training and development for all our employees to ensure the highest level of competency. Set and seek to achieve SMART objectives. Through ongoing and periodic review, best practices will be identified and implemented throughout the Company, with a continuing challenge to identify opportunities for innovation and improvement. Bring with us our high QHSE standards wherever we do business. Complying with applicable laws and regulations is only the minimum. Ensure open and effective communication on QHSE issues and performance between all levels of the workforce, and share and learn from QHSE best practices, internally and externally. Include QHSE performance in the selection, appraisal and reward of our staff. Set the benchmark for service quality amongst our peers. Embed QHSE in line management and implement this Policy throughout all levels of the organisation.

6 Our rules Our rules draw emphasis to the key risk areas in a clear and understandable context to ensure consistent and effective implementation across our business. Details on these specific rules are to be found in the booklet QHSE Licence to Operate: Our Rules. They supplement the clear expectations outlined in this Policy and are summarised below. Three general management controls apply universally across all work activities: Risk management adopting a common methodology to minimise risk. Control of work principles we must adhere to before we commence work. Management of change adopting a common methodology to manage change. In addition six specific work activities have been identified as key risk areas where additional focus/control is required: Dropped object prevention Pressure safety and well control Environment Driving Lifting operations Work at height

7 For more information: If you have any questions or concerns regarding the QHSE Policy please contact ALTUS Intervention Lagerveien 30 PO Box 281 NO-4066 Stavanger Norway T: altusintervention.com