Climate Resilience Targets Targets for FY2025 Status FY2025 Performance Medium-term Explore the commercial feasibility of renewable energy projects. In Progress MOL continued with its partner to assess the feasibility and sustainability implications of natural hydrogen exploration. Long-term To actively look into alternative sustainable solutions for energy production, rather than conventional renewable energy projects. In Progress Germany LRG assessed options to repurpose legacy oil wells for geothermal applications, with the potential to support local district heating systems and supply waste heat to surrounding communities. Oman In parallel, MOL explored alternative sustainable energy solutions beyond conventional renewable sources, including the evaluation of emerging and less commonly deployed technologies, as part of its longer-term energy transition considerations. Targets for FY2026 Complete a comprehensive evaluation, review activities and prepare for field sampling to support the assessment of the potential of a working natural hydrogen system. Look into one alternative sustainable solution for energy production by FY2030. Economic Performance Targets Targets for FY2025 Status FY2025 Performance Short-term Start first oil production in Benin by FY2025. Not met Due to unforeseen technical challenges during drilling, oil production did not start in FY2025 as planned. Production has started in March 2026. Targets for FY2026 Medium-term (FY2028 - FY2030) Achieve daily production of 20,000 boe by FY2028. 80 Annual Report 2025
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