Oil Horizons is committed to enhancing gender balance at all levels of the company, and we’re working with interest groups to figure out how. Additionally, Oil Horizon  has had a business Equality and Diversity Policy in place for some years to support these goals. By the year 2023, women will make up 23% of the Oil Horizons workforce in Kazakhstan. The Board recognizes the importance of continuing to improve in this area and is committed to considering the benefits of diversity in future appointments, including ensuring that Turkmen nationals are properly represented at high levels of the Company. At the department head level, women make up 24 percent of the workforce. Our Human Resources department is aiming to implement a policy of internal promotion and to develop a pipeline of diverse personnel at all levels of the organization. We are glad to share that  females made up 7% of the Oil Horizons 20203 recruitment.

Education and training

We think that investing in our people is critical to achieving economic self-sufficiency in the communities where we operate. We are expected to accrue 1% of the field development cost relevant per year under the terms of the agreement. HSE training (including fire safety) is included in the budget at least once a year. There was no additional training beyond what was required by the PSA. Employees who stopped working as a result of retirement or termination of employment received no help. Educational grants and financial aid are available to our employees and their children to help with university and college expenditures. On a case-by-case basis, educational fellowships and help may be provided. Oil Horizons will support 437 employees through education and training programs in 2023. (2022: 722 employees). In 2022, our overall Group training costs were US$ 2 million (2023: US$1 million), with a total number of training days of 7214 days (2023: 7,264 days).

Human Rights Policy

The Company had a Human Rights Policy in place throughout 2023, reflecting a determination to follow industry best practices. In the year 2023, there was no training on this policy (2022: nil). The Oil Horizons Code of Activity (“the Code”), which defines the principles that guide business behavior and provides a non-exhaustive sketch of what Oil Horizons considers lawful conduct by its workers, is in addition to the Human Rights Policy. Provisions relating to human rights and diversity in the workplace, as well as inside dealing and inside knowledge, are among these principles.

Whistleblowing Policy

We have a Whistleblowing Policy that applies to all individuals working for the Oil Horizons at all levels and grades and takes into account the Turkmenistan Standards Institute’s Whistleblowing Arrangements Code of Practice and Public Concern at Work. The Whistleblowing Policy lists three compliance liaison officers who speak a range of languages and can be contacted with any issues. The Whistleblowing Policy is also referenced in the Code, and anyone who reports something in good faith will be shielded from any consequences.