Heritage Drill Down Issue 10

SPECIAL

The DrillDown

ISSUE 10 NOVEMBER 2023

EDITION

OTOJ:

CELEBRATING SUCCESS

ISSUE 10 NOV 2023

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

CONTENTS CEO's Message

3

Note from Editor-in-Chief

4

Celebrating Business Development & Team Wellness

5

Celebrating Employee & Community Engagement

6

Celebrating Health & Safe Operations

8

Celebrating the Work of Drilling Operations

10

Celebrating Our People Initiatives

12

Celebrating the Work of The Internal Audit Team

14

Celebrating Law and Land Management Highlights

15

Celebrating Land BU Highlights

16

Celebrating the Work of The Midstream Team

18

Celebrating the Work of The Offshore Team

20

FY'24 Goal 42,000 BOPD

24

Toy Drive Inspire Awards Save the Date

The DrillDown

ISSUE 10 NOVEMBER 2023

CEO'S MESSAGE ERIK KESKULA As we begin Fiscal Year ’24, I want to acknowledge the hard and diligent work of Team Heritage in 2023 that has set us up for a strong year ahead.

I am proud of the work you have done across all areas of our business.

We produced 39,483 bopd, generated $1.35B of revenue and returned over $270MM to the Government. That is extremely commendable and reminds us how significant our role is in the economic development of our nation.

Our safety performance continues to improve, but our journey is not finished. While we improved across our key leading and lagging indicators, people are still getting hurt on the job.

We need to learn from those incidents and near misses and continue to improve our defences. And while we had spills associated with our ageing infrastructure, we continue to repair and renew our infrastructure, tanks, and pipeline to improve our asset integrity.

Our operations saw 44 new drills, 93 heavy workovers and 10,000ft of upgraded pipeline, which included safely delivering our best onshore and offshore producers of Heritage. I want to commend you all for doing this with a focus on safety, the environment, and our fenceline communities.

Our culture of “One Team, One Journey” continued to grow in 2023, as the organisation focused on further strengthening our people structures. We completed the organisational restructuring and filled 76 vacancies within the company. Our employee engagement continued to be a focus with the participation in the Employee Day of Volunteerism and the inaugural Fun Run/Walk Day.

Our impact upon our neighbouring communities continued to be strongly felt in 2023, via the execution of our CSR programmes.

The expansion of the Here We Grow programme into formal training for budding agri-preneurs was incredibly well received.

We also initiated our technology-focused Heritage Information Technology Training (HITT) programme, which targets fenceline community members, ranging from ages 7-50+. We look forward to building on these initiatives and further strengthening our community relationships in 2024.

For all that we accomplished this year, we have an even more exciting and impactful year ahead. Building on our success in 2023, we have a line of sight to deliver 42,000 bopd. We continue to drive improvement in our base performance while building our portfolio and executing our drilling programmes to grow production at competitive margins. I welcome all ideas on how we can achieve our goals. Let us continue to work together across organisational lines, to develop innovative ideas and deliver.

The 2024 Kick-off Town Hall highlighted that each business unit, each department, each team, and each and every one of us, is a valued and needed contributor to Heritage’s success. Keep collaborating; working together as “One Team, One Journey” is the only way we can get the job done. Team Heritage, the kickoff is over and now we are focused on our goal.

Time to Get in the Game!

3

The DrillDown

WELCOME TO THE 10th ISSUE OF THE HERITAGE DRILLDOWN – THE QUARTERLY INTERNAL E-NEWSLETTER FOR THE HERITAGE PETROLEUM COMPANY LIMITED. EDITOR-IN-CHIEF: Arlene Gorin-George SUB-EDITOR: Carlene St Bernard PHOTOGRAPHY: Heritage Archives DESIGN: Lonsdale Saatchi and Saatchi Advertising Limited Please address all correspondence to The Heritage DrillDown c/o Communications Department Registered Office 9 Queen’s Park West Port of Spain Tel: 868 649 5891 Email: corpcomm@heritage-tt.com Website: heritage.co.tt ©2023 Material in this publication, with the exception of photography, may be reproduced once credit is given to the Heritage DrillDown.

4

ISSUE ISSUE 10 9NOVEMBER AUGUST 2023

Note from the Editor-in-Chief This issue takes a cursory look back at the achievements of the last fiscal year.

Taking the time to acknowledge and celebrate the milestones and highlight the work of teams across the organization, is a fundamental part of our OTOJ mantra.

As we dive into FY’24, we thought it important to develop this special issue, to remind us of what we can achieve when we work together, especially as we plan to pursue even bigger goals.

FY’24 is all about 42,000 bopd! This issue also showcases some of the moments from our FY’24 Kick-off Townhall where we came together as one team, to understand and declare this year’s “Get in the Game” mantra.

We are primed to take on 2024, building upon the success of last year. We’re in it to win it!

Arlene Gorin-George

The DrillDown

ISSUE 10 NOVEMBER 2023

Celebrating

BUSINESS DEVELOPMENT

& TEAM WELLNESS In 2023, BD/JV invested in strengthening business relationships and in the wellness of the members of the unit.

• • • •

The BD team met with officials from the Ministry of Energy and Energy Industries Conducted leadership site field assessments Launched its lifestyle fitness Challenge for team members Executed team builders and conducted quarterly feedback sessions

#ONWARDSTO24 #GETINTHEGAME

5

Celebrating EMPLOYEE & The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

COMMUNITY ENGAGEMENT

6

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

In Fiscal Year ’23, the Corporate Communications department executed a number of initiatives for Heritage employees and also for external stakeholders.

• • • • •

The first-ever employee Fun Run/Walk Three events in one day with the Kick-off Townhall, Day of Volunteerism and JumpStart events Hosted the Media Lounge at the T&T Energy Conference Distributed seedlings to families and schools under our Here We Grow CSR programme Sponsored steel bands within neighbouring communities

#ONWARDSTO24 #GETINTHEGAME

7

Celebrating The DrillDown

HEALTH & SAFE

OPERATIONS In 2023, the HSE Business Unit sought to improve the health and safety of Heritage operations through several initiatives.

• • • •

The BU hosted its Safety Village in recognition of Safety Week They conducted a Contractor Leadership Meeting around improving safe work practices The Heritage Medical and Wellness Station was launched Members of the team conducted outreach to schools, bringing awareness to environmental upkeep

#ONWARDSTO24 #GETINTHEGAME

8

ISSUE 10 NOVEMBER 2023

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

9

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

Celebrating THE WORK OF

10

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

In 2023, the Drilling Business Unit delivered: • •

The first Heritage Training to Reduce Unscheduled Events (T.R.U.E) School Session Support to Land and Offshore business units through operationalising Rigs 80, 110 and 50

#ONWARDSTO24 #GETINTHEGAME

11

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

Celebrating

OUR PEOPLE INITIATIVES

12

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

In 2023, the Human Resources Team delivered the following:

85

vacancies filled

86% 66%

participation at Employee Benchmark Survey

satisfaction at Employee Benchmark Survey

20

graduate trainees in Cohort 1

18

graduate trainees in Cohort 2

#ONWARDSTO24 #GETINTHEGAME

13

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

#ONWARDSTO24 #GETINTHEGAME

Celebrating THE WORK OF THE

INTERNAL AUDIT TEAM

14

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

Celebrating

LAW AND LAND MANAGEMENT HIGHLIGHTS The Law and Land Management BU had highlights in the following areas in 2023:

50k

50

2,000

850

saved in pollutionrelated claims

title searches completed (e.g.

Onshore Bid Round, Land and Drilling)

legacy records secured from PSAEL

contracts/ leases prepared/ negotiated/ reviewed

Violations Task Force

Project Humeri

LHMS Project launched.

CoCs

completed

launched

75%

reviewed

of pilot data capture completed #ONWARDSTO24

#GETINTHEGAME

15

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

Celebrating

LAND BU HIGHLIGHTS

16

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

The Land BU had highlights in the following areas in 2023: • • • •

Lifting Meeting BBS Task Force Heavy Lifting Land Laboratory

#ONWARDSTO24 #GETINTHEGAME

17

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

Celebrating THE MIDSTREAM TEAM THE WORK OF

18

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

In 2023, highlights of the Midstream Team included: Refurbishments of Tank 15 Bernstein, Tank 10 Pt Ligoure, Point Fortin Central Tank Farm Repair and Installation of 1,000ft Pipelines in Woodland, 7,200ft in Fyzabad, 3,500 ft Pt Fortin, 2,500ft in Beachfield and 1,000ft in Guayaguayare

Civil and Automation Works: Catshill Coriolis Meter Operational at AV Drilling, Supports for Bernstein Metering, Woodland Phase 1 Embankment Completed CAPEX Projects: Switchgear, Distribution Panel, VFD, Soft Starters; New Electrical Building, Point Ligoure; Fabric Maintenance, PFC; Fire Water Pump & Shed Installation, Bernstein

#ONWARDSTO24 #GETINTHEGAME

19

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

g n i t a r b e l e C THE WORK OF

In 2023, highlights of the Offshore Team included: - Riser Platform 13 green initiative - Riser Platform 13 wind turbine - MOPU facility - Platform 19 & 21 deck refurbishment - Generator Platform 1 cable installation - New WELL S-933 and first oil - New WELL S-934 - RIG 110 at CLUSTER-35 - GP-1 Flare Ignition - Riser Platform #4 Oil-To-Shore pipeline repair - GT-100 Turbine Overhaul - Block Station 3 Pump Deck Refurbishment #ONWARDSTO24 #GETINTHEGAME

20

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

21

The DrillDown

22

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

23

The DrillDown

24

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 20232023

The DrillDown

ISSUE ISSUE 10 10 NOVEMBER NOVEMBER 2023 2023

25

Awards

See you there THURSDAY 14 DECEMBER, 2023

NAPA Port of Spain Dress Code: Formal