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Kakason Energy Limited

CORPORATE GOVERNANCE

Our Policies & Operating Standards

Our policies set out Kakason Energy Limited’s approach to protecting people, maintaining safe operations, preventing environmental harm, supporting host communities and delivering quality across our activities.

OUR COMMITMENT

Responsible Operations. Clear Standards.

KEL’s corporate governance and policy framework covers the key responsibilities that guide its work across marine, drilling, engineering and civil activities. It brings together workforce health, operational safety, environmental management, community engagement and quality assurance within a shared approach to responsible project execution.

Select a policy here to explore its focus areas and stated commitments.

Five Pillars of Responsible Execution

Our policies address the responsibilities that matter across our workforce, operations, environment, communities and project deliverables.

Promoting workforce wellbeing through occupational health management, hazard control, medical readiness and fatigue-related support.

Setting out a Target Zero Harm approach, including Stop Work Authority, risk assessment, incident learning and safety training.

Preventing pollution, managing waste and improving resource efficiency across operational activities.

Building constructive relationships with host communities through engagement, local capability development and social investment.

Applying quality assurance, inspection, verification, document control and continuous improvement to project work.

01 / HEALTH

Protecting Workforce Health & Wellbeing

Kakason Energy Limited considers the health and physical wellbeing of its workforce, contractors and third parties a corporate priority alongside operational execution. Its health policy describes a proactive approach to maintaining a healthy working environment, reducing occupational health risks and preventing work-related illness.

Key Areas of Focus

Occupational Health Management

The policy describes medical fitness assessments and the identification and mitigation of workplace health hazards, including chemical exposure, noise, radiation, vibration, ergonomic strain and thermal stress.

Medical Readiness & Emergency Response

The policy outlines medical readiness measures, emergency medical evacuation procedures and provision of personal protective equipment suited to occupational hazards.

Mental Health & Substance Governance

The policy includes confidential mental health support, employee assistance and fatigue management, alongside a stated zero-tolerance approach to substance abuse at work sites.

02 / SAFETY

Safety Is a Responsibility at Every Level

KEL’s safety policy states a Target Zero Harm mandate: zero fatalities, zero lost time injuries and zero unsafe behaviours. It sets out the principle that activities should be carried out safely or not at all.

How the Policy Is Put into Practice

Stop Work Authority

The policy gives employees, contractors and visitors the authority and duty to stop an operation when they identify an unsafe condition, behaviour or hazard, without fear of reprisal.

Risk Assessment & Hazard Identification

The policy describes the use of Job Safety Analysis (JSA), Task Risk Assessments (TRA), Last-Minute Risk Assessments (LMRA) and Permit to Work controls for high-risk tasks.

Safety Culture & Training

The policy includes toolbox talks, safety drills, management HSE walk-throughs and training for relevant operational hazards and tasks.

Incident Reporting & Learning

The policy outlines reporting of incidents, near-misses and unsafe conditions, with root-cause investigations and corrective actions for significant incidents.

03 / ENVIRONMENT

Preventing Pollution. Protecting Our Environment.

KEL’s environmental policy describes its commitment to conducting marine, drilling, engineering and civil activities in a way that protects ecosystems, minimizes carbon intensity and prevents pollution across its operational footprint.

Key Areas of Focus

Pollution Prevention & Spill Management

The policy describes measures such as spill-prevention equipment at fuel transfer and workshop areas, spill response arrangements, and a stated zero-discharge policy for oil, chemicals and untreated waste into marine and land environments.

Waste Management

The policy outlines waste segregation and the safe treatment or disposal of drilling waste, produced water, oily sludge and hazardous chemicals through licensed environmental management vendors.

Resource Efficiency

The policy describes fleet optimization and energy-efficiency initiatives intended to reduce fuel use, greenhouse gas emissions, noise and waste.

04 / COMMUNITY DEVELOPMENT & SOCIAL RESPONSIBILITY

Building Trust Through Engagement & Local Participation

KEL’s community development and social responsibility policy recognizes host communities as key stakeholders and describes an approach based on mutual trust, active engagement, local empowerment and shared value creation.

How the Policy Is Put into Practice

Stakeholder Engagement

Engaging host community leadership, traditional authorities, youth groups and local administration before project mobilization. The policy also describes Community Liaison Committees and Community Liaison Officers to support communication and grievance handling.

Local Capacity Building

Prioritizing qualified host community members for employment, skilled trades and technical apprenticeship opportunities, with skills development areas such as welding, fabrication, mechanical fitting and HSE management.

Economic Inclusion

Supporting qualified local vendors and contractors through appropriate service contracts, civil works, catering and local logistics, alongside supplier capacity development.

Sustainable Social Investment

Targeted community investments in areas such as clean water, healthcare facility upgrades, education support and renewable energy, based on community-identified needs.

05 / QUALITY ASSURANCE & QUALITY CONTROL (QA/QC)

Quality Built into Every Stage of Delivery

KEL’s QA/QC policy describes a Quality Management System intended to ensure that engineering outputs, procurement items, fabricated structures and operational services meet applicable engineering specifications and client requirements. The source document references ISO 9001:2015 and API Spec Q1/Q2; confirm the current certification and compliance details before publishing them as verified credentials

Key Areas of Focus

Quality Assurance Framework

The policy describes the use of quality manuals, standard operating procedures, inspection and test plans, method statements, vendor pre-qualification, supplier evaluations and controlled document management.

Inspection & Verification

The policy outlines material receiving inspections, non-destructive testing, weld inspection, factory and site acceptance testing, pressure testing, dimensional inspection and coating-thickness checks.

Non-Conformance & Improvement

The policy describes tracking non-conformance reports, investigating root causes, implementing corrective and preventive actions, and carrying out internal and external quality audits to support continual improvement.

WORKING TOGETHER

Questions About Our Policies or Standards?

For enquiries about Kakason Energy Limited’s policy framework, operational approach or project requirements, contact our team.