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Physical DriversIFRS S2 Driver Category Current Future Implications for Valeura Energy01New Markets New market opportunities such as CCS in oil reservoirs, increased crude oil demand for production of petrochemical products, increased demand for low carbon productsProducts/ Services Opportunity %u2022 Increased profitability from additional revenue streams 02Renewable energy Installation and use of onsite renewable energy and reusing old offshore platforms to produce renewable energy Energy Source Opportunity %u2022 Alternative clean energy source %u2022 Improved energy security %u2022 Decreased OPEX as renewable energy becomes more cost competitive 03Resource Efficiency Improving resource efficiency through technological innovations in the form of adopting more efficiency extraction and processing technologies and upgrading existing equipment and infrastructure Resource Efficiency Opportunity %u2022 Increased operational and environmental efficiency %u2022 Cost savings resulting in decreased OPEX Risk/OpportunityVALEURA ENERGY INC. 117

