10 Based on the operated asset in Oman. Waste is segregated and managed according to its classification and regulatory requirements. Oil-free and saline drilling waste is disposed of in underground caverns, while oily and hazardous waste is transported by licensed contractors to specialised treatment plants. General waste is managed through municipal waste systems, and wastewater is sent to local sewage treatment facilities. Waste management activities are overseen by a Designated Waste Disposal Person, who advises on waste-related matters and monitors the proper handling and disposal of waste streams. Waste Metrics FY2025 FY202410 Total Waste Generated (tonnes) 17.06 118.14 Total Hazardous Waste (tonnes) 3.88 47.84 Total Non-hazardous Waste (tonnes) 13.18 70.30 Total Drilling Waste (tonnes) 0.0 0.0 Total waste diverted from disposal (tonnes) 9.05 70.30 Total waste directed to disposal (tonnes) 2.50 53.80 MOL is aware of the risk of oil spill occurrences offshore and an Oil Spill Contingency Plan has been put in place. In FY2025, there were no significant spill events (>0.1m3) in the Yumna Field. MOL recognises the significant adverse impacts of oil spills on the ocean and marine biodiversity and is committed to ensuring that its operations are safeguarded by strong control onsite to prevent such incidents from occurring. Water and Effluents Management GRI 303-1, 303-2, 303-3, 303-4, 303-5 LPA, a partner in the Brage and Yme Fields, exercises its “see-to-duty” to ensure that the respective operators comply with all applicable Norwegian Continental Shelf (“NCS”) regulations relating to water and effluent management. Discharges of effluents and chemicals for safe and efficient production are managed based on Norwegian regulations. Regulated by Norwegian authorities, the discharge permit states that effluent discharge should be below 30 mg oil/L per month (weighted average). Produced water effluents are discharged into marine environments without impacting freshwater or drinking water sources. These discharges are regulated by permits and are in strict compliance with NCS standards. Before discharge, the effluents undergo thorough treatment to meet the required environmental criteria. Operational sites must implement monitoring systems, and LPA fulfils its supervisory role by conducting follow-ups with its operators. In Oman, operations take place outside water-stressed regions, with no freshwater used in oil production. Water-related impacts are assessed through third-party environmental audits, focusing on resource use and emissions in compliance with Environmental Authority (“EA”) permits. The FSO unit includes a Reverse Osmosis (“RO”) plant, which converts seawater for general operational use, significantly reducing potable water consumption and supporting water recycling initiatives. The Group’s Produced Water Management Plan ensures the safe treatment and disposal of produced water into marine ecosystems, adhering to the International Convention for the Prevention of Pollution from Ships (“MARPOL”) and local regulatory standards. Seawater samples are regularly analysed to confirm no oily residues are discharged. Water and oil are separated through sedimentation before the water is transferred to slop tanks. Separation is monitored using Ullage Interface and Temperature (“UIT”) tools and the Oil Discharge Monitoring Equipment (“ODME”) system, ensuring oil discharge levels remain below the allowable limit of 15 ppm. There were no exceedances of the regulatory discharge limits for produced water in 2025. The increase in water metrics from FY2023 to FY2024 was mainly due to MOL’s multi-well programme in the Yumna Field, which involved drilling and workovers that generated produced water, while municipal water withdrawal and discharge for LPA were not tracked and only consumption was reported. However, in FY2025, water consumption was contributed by RIH, LRG and MOL, from municipal, produced and seawater. The majority of the Group’s water consumption arises from its E&P operations in Oman and Norway. MOL as operator, and LPA as a licence partner, are in the process of collecting data and evaluating water use across their respective E&P operations. The feasibility of setting water-related targets will be assessed in due course. As a licence partner, LPA may engage with the operators to follow up on water management practices and raise concerns where usage is deemed inadequate; however, LPA does not have operational control over water use. As such, setting quantitative water targets for non-operated assets would be inconsequential. Management will work with data owners to assess the emissions performance and establish targets where possible. 84 Annual Report 2025
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