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SPILLS MANAGEMENTValeura has a comprehensive spill management strategy to minimise the risk of inadvertent leakages of hazardous substances from its facilities. The primary focus is on spill prevention through rigorous asset integrity maintenance and operations management. The strategy also establishes clear roles and responsibilities and mandates training on detailed procedures for spill management. In addition, spill detection systems are in place, and stand-by emergency response equipment is continually stocked to ensure a prompt and effective response when required. The Company keeps detailed records of all spills and reports publicly in accordance with local regulations.BIODIVERSITY MANAGEMENTChanges in seawater quality and seabed sediment from upstream oil and gas activities can have a potential impact on marine biodiversity, and the Company has taken strong measures to mitigate the risks as a result of its operations. The Company conducts marine biodiversity assessments every three years to monitor potential impacts and supports protection initiatives including conservation, scientific research, and public education.Valeura proudly supports research and education efforts focused on illustrating the importance of coastal marine ecosystems, which safeguard habitats for marine life, protect coastlines from rising sea levels and storm surges, and serve as important %u201ccarbon sinks%u201d to absorb and reduce greenhouse gasses.Production Construction Maintenance Drilling Logistics%u2022 Production %u2022 Construction %u2022 Maintenance %u2022 Drilling %u2022 Logistics Recyclable Non-hazardous%u2022 Combustible %u2022 Non-combustibleHazardous %u2022 Combustible %u2022 Non-combustible%u2022 Infectious materials%u2022 Resource underutilisation %u2022 Overflow landfills %u2022 Resource underutilisation %u2022 Environmental contamination %u2022 Health risks %u2022 Recycling %u2022 Incineration or landfill %u2022 Discharge to sea %u2022 Convert into blended fuel for incinerators or cement kilns%u2022 Special disposal process focusing on recycling and reuse %u2022 Special incinerators for infectious wasteSources Type of Wastes Potential Impacts Management ApproachVALEURA ENERGY INC. 021