Principles & Policies

We are judged by how we act, both as a company and as individual representatives of the company. Our Business Principles provide an ethical framework for our activities and define the behaviours that are acceptable in the pursuit of our objectives.

Our purpose is to find and produce oil and gas - efficiently, responsibly and profitably. More specifically, we specialise in carrying out these activities in remote locations and emerging nations where both the risks and the rewards may be greater.

These policies form part of Premier's Business Management System and are communicated to staff via the company intranet. Where English may not be well understood they are also communicated in the local language, for example Bahasa Indonesia.

Principles of Corporate Social Responsibility (CSR)

We recognise that we have a Corporate Social Responsibility towards a diverse group of stakeholders that includes shareholders, customers and business associates, employees, business partners, local communities and society at large, including those special interest groups that represent public interest concerns, such as NGOs. Investment decisions will take account of economic, environmental and social impacts and their management. The interests of shareholders will not necessarily take precedence over the interests of other stakeholder groups and our business strategy is designed to promote social justice in the workplace and in our external relationships in the countries where we operate.

In all its operations, the company will always comply with local laws and regulatory requirements, and make representations to the relevant authorities if it believes that policies and practices of host governments undermine our Business Principles. We will undertake environmental and social impact assessments prior to undertaking any new investment and evaluate these impacts regularly to ensure that they are responsibly managed on an ongoing basis. We expect our contractors, suppliers, joint venture and alliance partners to respect our Business Principles. Their concurrence with these principles is an important factor in our decision to form or remain in a relationship with them

It is our policy to Make a Difference through supporting programmes of social investment, in partnership with professional social development organisations, government agencies and local non-governmental organisations, that contribute to the sustainable development goals of the communities and countries where we operate. It is our policy that all our business activities will be undertaken in accordance with our Business Principles so that they contribute to sustainable development goals and do not detract from them.

Health & Safety and Environment Policies - view policy

We recognise our responsibility to operate with proper regard for the environment and for the health and safety of people who may be affected, directly or indirectly, by our operations. Our Environmental Policy is designed to ensure that every employee shares responsibility for the environment. As part of our commitment to continuous improvement, we systematically monitor our performance in these areas. Our objective is to maintain a high degree of excellence in respect of all HSE issues, including emergency preparedness.

Human Rights Policy - view policy

The Premier Oil plc Human Rights Policy is based on the fundamental rights pronounced in the Universal Declaration of Human Rights and is guided by those rights enshrined in the core labour conventions of the International Labour Organisation. These rights are to be protected and promoted throughout Premier Oil's business operations and in our relations with both business and local community partners. The scope of our policy includes the rights of our employees - their health and safety as well as their security arrangements and working conditions; and the development rights of our external stakeholders, in particular local communities. We will also use our legitimate influence to promote human rights outside of our areas of operation.

Business Ethics and Conduct Policy - view policy

Integrity, honesty and fairness are fundamental to the way we conduct our business. Bribery is unacceptable in any form. Premier staff should avoid accepting hospitality or gifts that might appear to place them under an obligation. All business transactions must be properly recorded and accounted for. We expect the same ethical standards to be applied in all our business relationships in all areas of operation and will promote our Business Principles with all our business associates.

Employment Policy & Social Justice in the Workplace - view policy

We aim to provide our staff with safe working conditions as well as just and competitive conditions and terms of employment. This means respect for the individual, regardless of ethnic origin, creed, age or gender. We are an equal opportunities employer. We try to recruit, train and promote from within the country of operation. We respect the right of individual employees to join a legitimate trade union and ensure that employees have access to fair grievance procedures. Through training and appraisal, we encourage staff to develop their own professional skills to the mutual advantage of both the individual and company.

Communication & Reporting Strategy

First, we are committed to open dialogue on an ongoing basis, with all our stakeholders - both internal and external. As a company, we recognise that our activities and operations are a legitimate subject for public scrutiny, and we are keen to take an active part in any debate they may cause. Second, we will audit our financial, environmental and social performance on a regular basis, report to our stakeholders annually and subject our reporting to verification and evaluation with the objective of continuous improvement.