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RELIABLEAND EFFICIENT OPERATIONSMANAGEMENT APPROACHIMPORTANCEOperational Excellence is a core element of Valeura%u2019s corporate strategy, and the Company has therefore identified Reliable and Efficient Operations as a material topic to ensure the ongoing sustainability of its business. Valeura recognises that world class operations are paramount to earning a reputation as a preferred upstream operator, partner of choice, and sought-after employer. By focusing on efficiency in everything it does, the Company strives to protect its margins and maximise value add for all stakeholders.Reliable operations through preventive maintenance and asset integrity managementAs a responsible operator, Valeura is focused on preventive maintenance and asset integrity management (AIM) to prevent degradation to equipment and physical structures, and prevent potential harm to people, environment, and assets.Valeura maintains strict compliance with regulatory requirements and international standards through robust management systems. These standards form the foundation of safe, efficient, and responsible operations.The Company employs advanced automation management systems to monitor and regulate equipment conditions, with a particular focus on safety-critical equipment. This approach ensures the safe and efficient operation of facilities while also helping to extend their service life.In addition to this, Valeura also applies a rigorous Management of Change (MOC) process, which systematically evaluates and oversees the risks associated with engineering modifications to processes, equipment, and facilities. This ensures the highest standards of safety, operational efficiency, and compliance with applicable standards and regulations.VALEURA ENERGY INC. 081