This is how we will manage and operate the business to deliver the objectives.
People
- Continue to enhance workforce effectiveness, giving special emphasis to employee productivity and development.
- Transform KJO into a knowledge-based learning organization.
- Develop qualified Nationals preferentially for placement in managerial, professional and technical positions.
- Maintain recruiting, training and other programs to maximize the National component of the workforce in line with long-term manpower requirements.
- Use contract personnel to supplement the workforce when it is in our economic interest, such as to satisfy short-term needs or highly specialized skill requirements. However, it is not intended to replace employees with contractors solely to meet Company manpower targets.
Excellence
Conduct all business activities:
- By applying practices, expertise and cost effectiveness that are among the best in the industry;
- To the highest ethical, safety, and operational standards.
- With a commitment to protect the environment.
Financial Performance
- Implement programs that will maximize the net present value of known and potential hydrocarbon reserves.
- Conduct all activities so as to maximize the long-term profitability of KJO.
- Monitor and measure the financial performance of the entire business as well as each Business Line and Department.
- Pursue development of profitable new business initiatives within the existing portfolio of hydrocarbon reserves.
- Use effective capital and operating cost controls and financial management practices.
Best Citizenship
- Maximize the use of locally available goods and services where consistent with our standards and interests.
- Conduct business in a socially and environmentally responsible manner.
- Be a role model to other organizations for co-operation between parties in joint operations settings.
Technology
- Identify, implement and use appropriate technologies in all operations consistent with our needs, economic objectives and operational standards.
- Provide training programs to employees to maximize the benefits from the use of both general and specialized technology.
- Monitor progress in energy technologies to ensure that our plans are proactive by anticipating their impacts and opportunities for operational improvements.
Reliability and Flexibility
- Establish and maintain a maximum sustainable crude oil production capacity that provides reliability and flexibility to economically meet existing quotas and respond to variations in crude demand.
- Manage and develop reservoirs in full compliance with world-class practices.
- Continue a long-term exploration program to evaluate the hydrocarbon potential of the entire offshore partitioned zone, with focus on maintaining oil reserves and evaluating gas reserves.
- Rehabilitate and maintain all operational, industrial and community facilities to appropriate, functional and reliable standards.
Communication
- Foster trust among employees at all levels by promoting open communications and the sharing of ideas within and between Business Lines and Departments.
- Establish and maintain a favorable corporate image through appropriate public relations activities and communications.
- Maintain active and timely coordination with concerned Government entities regarding the Company's plans and operations.
- Promote understanding, effectiveness and quality through clear instructions, guidelines and policies to all employees, contractors and suppliers.