The Company insists on honesty, integrity and fairness in all aspects of its business and expects the same in its relationship with its contractors and suppliers. Its contracting-out policy will be on the basis of open and competitive bidding, where possible, with transparent procedures, providing equal opportunities to qualified contractors and suppliers. It will not, directly nor indirectly, offer, solicit, accept or pay bribes in any shape or form, and requires its Employees to act likewise. Employees will exercise the utmost care to avoid putting themselves into a position where they may be called on to repay favors in a manner detrimental to the Company's interests.

Employees shall not take advantage, for their own or for the profit of others, of their position in the Company or of information gained in the course of their employment. They have a duty to notify the Company of any outside interest which could, either directly or indirectly, present them with a conflict of interest, or which involve them in a commercial relationship with the Company.

All transactions on behalf of the Company must be transparent and appropriately described in the accounts of the Company, in accordance with established and recognized procedures and standards, and be subject to audit. The strictest principles will be applied in maintaining the integrity of the accounting records.

The Company accepts and endeavors always to act through the Laws of the Sultanate of Oman in a socially responsible manner. The Company does not have, and therefore does not state, views on either national or international political matters, and it will abstain from participation in politics and interference in political matters. It will not make payments which are, or could be construed to be, of a political nature either in a national or an international context. The Company has, however, a legitimate right and responsibility to make its views known on matters that affect the interests of the Company, its Employees or its Shareholders and on matters which affect the general interest, where the Company has a contribution to make which is based on its particular knowledge.

The Company is mindful that the utmost co-operation with the Government of the Sultanate of Oman enables the Company to maximize its ability to contribute to the exploration for and development of the Sultanate's hydrocarbon resources and to pursue its objectives.

The Company will endeavour to conduct its business in such a way as to protect the health and safety of its Employees, its contractor employees and other persons affected by its activities, as well as to protect the environment, minimize pollution and seek improvement in the efficient use of natural resources. In full compliance with the Laws of the Sultanate of Oman, it will pursue a policy of systematic and continuous improvement in the measures taken to protect the health, safety and environment of those who may be affected by its activities and it will apply more stringent standards and procedures where the Company considers it appropriate to do so. It expects, and where appropriate will encourage its contractors to adopt the same objectives in the conduct of their business.

The Company has established a Health, Safety and Environmental Protection Policy and is guided in the conduct of its business by the principle that Health, Safety and Environmental Protection forms an integral part of, and are as important as, all other primary business objectives.

The importance of the Company's activities for the Sultanate of Oman as a whole and for individuals, both Employees and others, and the subsequent need for open communications is fully recognized. The Company therefore endeavors to disclose as much information as possible about its activities to legitimately interested parties, subject to any over-riding consideration of confidentiality proper to the protection of the Company's interest and the interests of third parties.