Maximising Our 2

The newly formed Operations Business Unit amalgamates the Land, Off shore and Midstream Business Units. Collectively, the Operations Business Unit delivers approximately 67% of Heritage’s production daily or approximately 30,000 barrels of oil per day (~30MBOPD). The direct and indirect income and employment generated by the Operations Business Unit and its supporting contractors contributes roughly two percent (~2%) to Trinidad and Tobago’s gross domestic product. This is critical to the development of Trinidad and Tobago and our continued recovery from the eff ects of the pandemic.

Recently, the Operations Business Unit Extended Leadership team gathered to grapple with the responsibility and privilege that we have been entrusted with — to deliver two percent of GDP for the country of Trinidad and Tobago. On May 13th 2022, the team gathered under the leadership of the Chief Operating Offi cer, Ms. Patricia King, to refl ect on the Unit’s current inyear performance as well as several transformative initiatives. This was also the fi rst time the full Operations Business Leadership met in-person as an integrated team since the onset of the Covid-19 pandemic.

Following strict HSSE protocols, including antigen testing and Safety moment, the early morning

session consisted of interactive progress updates and participants’ feedback on multiple workstreams occurring simultaneously across the business unit.

These include: • Implementation of the Engineering Authority • The Development of the Forward Drilling

Programmes • The Development of a Production Management

Protocol • Rollout of Integrated Planning across the Business

Unit • Improved, Centralised and Standardised

Reporting Frameworks

When fully implemented, these initiatives will transform the way we work, improve our eff ectiveness and cohesiveness, and provide a solid foundation for the delivery of our strategic commitments.

During the late morning session, Business Unit Leaders shared their refl ections on achievements, learnings and opportunities to address disappointments. Transparent discussions with colleagues on progress and areas for improvement, presented opportunities to harness the strengths of the team and encourage synergies across the business unit to convert our disappointments to learnings and our learnings to achievements!

Special thanks to our COO for facilitating the fi rst in-person Operations Business Unit Strategic Session. The eff ective and exciting format, as well as informative and powerful discussions enthused and empowered the team as we continue our transition. It was a wonderful opportunity for reconnection with colleagues while engaging with and acknowledging our awesome responsibility. The Operations Business Unit is on a journey to deliver and exceed that two percent for Heritage and the country of Trinidad and Tobago. #TwoPercent #OpsBUProud #OneTeamOneJourney.