»Objectives and Performance

Health Safety and Environment

As its objectives, Granox will, at a minimum:

Observe and comply with all HSE statutory requirements within its area of operations;

Mitigate the consequences of all types of incidents/accidents having potential harmful effect(s) on personnel, assets and/or the environment;

Use commonly accepted levels of good oilfield HSE practice; and

Establish transparent HSE performance criteria and communicate them constructively.

To achieve the aforementioned defined objectives, Granox will:

Develop and maintain an appropriate HSE Management System;

Hold all levels of management, staff and contractors accountable for HSE within their areas of responsibility;

Develop a positive HSE culture throughout the company through effective communication and training;

Conduct HSE reviews and audits in order to identify shortcomings within the organization and ensure compliance with local, international and corporate standards and regulations;

Ensure that contractors demonstrate full compliance with this policy;

Develop and implement a risk assessment-based approach in conducting business operations; and

Provide the necessary resources in order to meet the company's stated HSE objectives.

In addition, Granox will:

Establish good relations with local communities based on constructive mutual dialogue with regulators, local communities, local authorities as well as other concerned parties on HSE and security matters of common interest; and

Ensure optimal security standards are maintained to protect personnel, company assets and information.

» Health Safety and Environment

»Latest Granox Releases

Granox President & CEO Navtej Kohli

May 2007