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Talisman EnergyCorporate responsibility – getting it right
Talisman EnergyCorporate responsibility – getting it right
Brussels, January 2013
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Outline
• Overview of Talisman’s business portfolio• Context of our Canadian operations • Shale Operating Principles • Corporate Responsibility at Talisman
– Good Neighbour Program– Local Economic Engagement Strategy (LEES)
• Case Studies from the Montney Shale Play, BC– Aboriginal Engagement– Farrell Creek Water Pipeline Project
• Community relations in Poland
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Talisman Energy – Focus and unlock value
North AmericaResource plays provide
long-term growth
Southeast AsiaGrowing free cash flow, long-term exploration
potential
North SeaSinopec deal helps
stabilize base
Colombia building new core area –
acquisition, development, and exploration
European shale
Kurdistan
Producing areas
Exploration areas
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TLM land
Area of operation
North American Portfolio• A total of 840,000 shale acres in development
or early piloting
― Eagle Ford - one of the best returning plays in North America
― Duvernay - testing for liquids
― Montney – major resource with future options
― Marcellus – significant contribution to production
― Edson – 700,000 acres, emerging liquids opportunities
Remaining well locations* Acres
Eagle FordLiquids-rich
780 80,000
DuvernayLiquids-rich
Currently piloting 350,000
MontneyDry gas/liquids-rich
5,700 200,000
MarcellusDry gas
1,700 200,000
Edson 1,900 700,000
*As of December 31, 2011
Remaining well locations* Acres(approx.) (approx.)
Remaining well locations* Acres(approx.) (approx.)
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Talisman’s Shale Operating Principles
Responsible Operations• Committed to our Global Community Relations Policy to
minimize impacts on the environment and communities• Proactively engage stakeholders when planning and
conducting our activities• Endeavour to be the operator of choice, and hold our
contractors accountable to our Standards and Principles
Mutual Benefit• Committed to delivering economic and development
opportunities through our Local Economic Engagement Strategy
• Promote the development of communities by sharing economic benefits
Transparency and Collaboration• Work with stakeholders in an open and transparent
manner• Conduct our business to the highest ethical standard in
accordance with our Policy on Business Conduct and Ethics
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Corporate Responsibility at Talisman Energy
GLOBAL COMMUNITY RELATIONS POLICYPOLICY ON BUSINESS CONDUCT AND ETHICS
CORPORATE PRINCIPLESEngage with stakeholders; Provide local benefits; Respect human
rights; Conduct business ethically; Operate transparently
Standards, Guidelines, Programs ( e.g. Aboriginal Relations Guidelines in Canada)
Good Neighbour Program
(GNP)
Local Economic
Engagement Strategy (LEES)
Community Investment
Stakeholder consultations
Canada-specific protocols, local execution and practices
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• The Good Neighbour (GNP) Program adds consistency, process and a practical approach to managing our risk across our North American Operations.
• The GNP addresses the need to proactively address and mitigate these impacts to reduce stakeholder risk, and maintain our social and regulatory licence to operate.
• The GNP has been implemented across Talisman’s North American Operations (Canada and US) and in Poland.
• The GNP is a field based initiative.
Talisman’s Good Neighbour Program
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• Key Commitments:– Roads – Speed, traffic, school bus
schedules– Dust- Dust control for roads in close
proximity to residences– Noise - No Retarder/Jake brakes within
town limits– Weeds - Assess existing weeds,
undertake weed control– Lease Maintenance - Controlling litter on
lease sites, roads
Good Neighbour Program – Key Points
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Developing Communities Through Sharing Benefits
The Local Economic Engagement Strategy is key to Talisman’s operations and is a tangible demonstration of our commitment to local communities impacted by our activities:
1. Investing in local economies;
2. Proactively engaging local contractors in our operations;
3. Training to increase capacity of local communities;
4. Local KPIs - set targets, and measure, track and report these results to our stakeholders.
In 2011, Talisman spent $ 1.5 billion with local vendors across Canada.
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Case Study: Aboriginal Engagement in Canada• Aboriginal and treaty rights are recognized and affirmed by the Canadian Constitution • Talisman’s approach to Aboriginal engagement is based on the principles described in our
Aboriginal Relations Guidelines• Talisman works with Aboriginal and indigenous communities in an honest and respectful
manner to build strong relationships • Our work with Aboriginal communities focuses on:
– Consultation and community engagement; – Economic engagement and capacity building – e.g. Talisman entered into a business
arrangement with Black Diamond Cygnus, an equity-based partnership involving West Moberly First Nation to supply services in Montney.
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Case Study: Farrell Creek Water Pipeline Consultation Process
• A key component of our long-term water sourcing strategy in our Farrell Creek Operations (Montney Shale Play) of BC is the water pipeline from Williston Reservoir to our Farrell Creek operations
• The water pipeline allows Talisman to reliably and sustainably source water without utilizing shallow water wells and shallower surface sources. This in turn significantly reduces water truck traffic through Hudson’s Hope
• Talisman received a permanent water license for Williston Reservoir in July 2011 and completed the construction of a permanent water intake structure and pipeline later that year
• Talisman received all necessary approvals from the appropriate regulating bodies, including the BC Oil and Gas Commission (OGC) and the BC Ministry of Environment and the Ministry of Forests, Lands and Natural Recourse Operations
• Project received letters of support from the District of Hudson’s Hope and a First Nations Community.
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Map of Farrell Creek Development, Montney Shale Play, British Columbia, Canada
Key pipeline stakeholders: •Aboriginal groups•Landowners•Other industries•Non-indigenous communities•Various levels of government•Regulators
Case Study: Farrell Creek Water Pipeline Consultation Process, cont.
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• A key success factor for Talisman in Poland has been the implementation of a community relations programme, based on our Canadian experiences, well in advance of the start of operations
Community engagement in Poland
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Community engagement in Poland, cont.
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Community engagement in Poland, cont.
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