Who are our stakeholders in the various processes of our business activities and how should we meet their interests? We have reconfirmed the answer to this question and here provide an overview for each process.
Activities
Contract signing ceremony
- Collection of technological information pertaining to regions with potential crude oil and natural gas reserves
- Technological assessment based on existing documentation and purchased materials and preliminary survey of location conditions, political and economic stability, and legal frameworks in potential regions of operation
- Applications and bidding for concession rights or working interest
- Conclusion of contracts to acquire interests
Stakeholders
- Oil and gas producing countries
- Shareholders and investors
Consideration for our stakeholders
- Compliance with local laws
Activities
Offshore facility of Bayu-Undan project
- Formulation of development plans for oil and gas fields
- Drilling of production wells (wells for commercial acquisition of crude oil and natural gas)
- Construction of processing facilities to separate gas and liquid and to filter out impurities, and construction of loading terminals for crude oil and natural gas
- Production of crude oil and natural gas
Stakeholders
- Oil and gas producing countries
- Employees
- Shareholders and investors
- Local communities and NGOs
- Partner companies
- Suppliers (vendors, etc.)
Consideration for our stakeholders
- Active disclosure of data concerning development and production activities
- Scholarships for students in oil and gas producing countries
- Implementation of environmental impact assessments
- Health maintenance of employees at operating sites
- Fair materials procurement
- Safe operation at operating sites
- Reduction of greenhouse gas emissions
- Improvement of local living standards by developing infrastructure
