- Safety, Efficiency and Innovation will be the three business drivers that Sumatec will implement
- It is the branding that Sumatec will operate by and the investor message we take to the market
- Management will follow these three strategies when making operational and financial decisions:
- Is it Safe – does it meet our HSE standards
- It will make the company more efficient and cost effective
- The product, approach or method; proven or leading technology should increase our ROI.
when implementing or modifying standards and procedures
to improve efficiency
Corporate Strategy: Safety
- Think Safe, Think Environment will be integral to our corporate culture
- Social and Economical standards are met or exceeded.
- Sumatec HSE standards will meet or exceed the regulations of the country we operate in.
- Operate according to Sumatec Company Code of Conduct.
- Corporate culture will focus on a high level of safety standards:
- Target Zero: Zero fatalities, Non Lost Time Incidents and Severity standards.
- Work Safe, Work Right Ethics – empower any employee to raise HSE issues and stop operations if an un-safe act is seen
- Standardize and implement HAZOP procedures in all operations
- Indentify Risks & Hazards in all field operations
- Develop mitigation strategies and implement procedures
Corporate Strategy: Efficiency
- Work according to the rules of the shop : respect, professionalism and accountability
- Employees are empowered to do their job effectively with the tools and skill sets required to be effective
- Work as a team to get results and reduce inefficiencies
- Implement proven technology that improves efficiency
- Safety will not be compromised when implementing or modifying standards and procedures to improve efficiency
- Aim to be in the Top Quartile in operational efficiency for drilling / completions compared to our Peers
Corporate Strategy: Innovation
- Implementing the Digital Oilfield Concept is an integral part of our corporate culture and economic success
- Use technology that improves safety and efficiency
- Constantly strive to implement new and proven technology to increase production as an early adopter
- Collaborate with third parties that will bring innovative processes to increase efficiency
- Increase proven reserves and production rates through innovation
- Empower employees to adopt an innovative culture in daily work without compromising safety