Health Safety & Enviromental (HSE) Policy

"SEMEY INVEST KZ" LLP COMMITMENT TO HSE


At "SEMEY INVEST KZ" LLP we are committed to continually improving the quality of our operations. The long-term success of our business is reliant on our ability to ensure the health, safety and well-being of our employees, contractors and the public, as well as minimising our impact on the environment.

"SEMEY INVEST KZ" LLP therefore requires compliance with, and accountability for, the HSE Policy for all its employees and contractors. This is in the interests of the communities in which we live and work, as well as all our staff, customers, shareholders and environmental surroundings.

01

COMMITMENT

We are committed to conduct their operations in a sustainable way that protects the health, safety and well-being of employees, contractors and the public. We will make every effort to prevent pollution and protect the environment, loss of integrity of assets and damage to the property of the company and third parties, with emphasis on prevention of major incidents. A responsible and proactive HSE management is considered a key factor in ensuring business success.

02

POLICIES

We will comply with the intent and specific requirements of "SEMEY INVEST KZ" LLP compliance obligations covering all applicable laws, regulations and agreements with the government and business partners. It is the responsibility of every individual who works for "SEMEY INVEST KZ" LLP to comply with these obligations as well as "SEMEY INVEST KZ" LLP policies and practices. This is a condition of employment.

03

OBJECTIVES AND PLANNING

For the implementation of our policy we will maintain an HSE Management System including energy efficiency improvement, according to applicable national legislation and company standards. We will set measurable targets as part of our annual HSE program.





FINANCIAL RISK

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Financial Risk

The Company increases and expands its business activities by attracting equity and borrowed funds to that end. A major proportion of the Company’s gross revenue is attributable to an export of oil and petroleum products. Consequently, any foreign exchange fluctuations affect the operating results of the Company, which is a foreign exchange risk factor. The Company’s foreign exchange risk is considerably reduced due to expenses and costs in foreign currencies and loans that are also repayable in US dollars.

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Geological Risk

Many of the easy-to-get oil and gas is already tapped out, or in the process of being tapped out. Exploration has moved on to areas that involve drilling in less friendly environments, such as on a platform in the middle of an undulating ocean. There is a wide variety of unconventional oil and gas extraction techniques that have helped squeeze out resources in areas where it would have otherwise been impossible.

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Political Risk

Oil and gas companies tend to prefer countries with stable political systems and a history of granting and enforcing long-term leases. However, some companies simply go where the oil and gas is, even if a particular country doesn't quite match their preferences.