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Talisman Energy Corporate responsibility – getting it right Brussels, January 2013

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Corporate responsibility – getting it right

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Page 1: tomasz maj

Talisman EnergyCorporate responsibility – getting it right

Talisman EnergyCorporate responsibility – getting it right

Brussels, January 2013

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2NYSE : TLM | TSX : TLM www.talisman-energy.com

Outline

• Overview of Talisman’s business portfolio• Context of our Canadian operations • Shale Operating Principles • Corporate Responsibility at Talisman

– Good Neighbour Program– Local Economic Engagement Strategy (LEES)

• Case Studies from the Montney Shale Play, BC– Aboriginal Engagement– Farrell Creek Water Pipeline Project

• Community relations in Poland

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Talisman Energy – Focus and unlock value

North AmericaResource plays provide

long-term growth

Southeast AsiaGrowing free cash flow, long-term exploration

potential

North SeaSinopec deal helps

stabilize base

Colombia building new core area –

acquisition, development, and exploration

European shale

Kurdistan

Producing areas

Exploration areas

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TLM land

Area of operation

North American Portfolio• A total of 840,000 shale acres in development

or early piloting

― Eagle Ford - one of the best returning plays in North America

― Duvernay - testing for liquids

― Montney – major resource with future options

― Marcellus – significant contribution to production

― Edson – 700,000 acres, emerging liquids opportunities

Remaining well locations* Acres

Eagle FordLiquids-rich

780 80,000

DuvernayLiquids-rich

Currently piloting 350,000

MontneyDry gas/liquids-rich

5,700 200,000

MarcellusDry gas

1,700 200,000

Edson 1,900 700,000

*As of December 31, 2011

Remaining well locations* Acres(approx.) (approx.)

Remaining well locations* Acres(approx.) (approx.)

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Talisman’s Shale Operating Principles

Responsible Operations• Committed to our Global Community Relations Policy to

minimize impacts on the environment and communities• Proactively engage stakeholders when planning and

conducting our activities• Endeavour to be the operator of choice, and hold our

contractors accountable to our Standards and Principles

Mutual Benefit• Committed to delivering economic and development

opportunities through our Local Economic Engagement Strategy

• Promote the development of communities by sharing economic benefits

Transparency and Collaboration• Work with stakeholders in an open and transparent

manner• Conduct our business to the highest ethical standard in

accordance with our Policy on Business Conduct and Ethics

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Corporate Responsibility at Talisman Energy

GLOBAL COMMUNITY RELATIONS POLICYPOLICY ON BUSINESS CONDUCT AND ETHICS

CORPORATE PRINCIPLESEngage with stakeholders; Provide local benefits; Respect human

rights; Conduct business ethically; Operate transparently

Standards, Guidelines, Programs ( e.g. Aboriginal Relations Guidelines in Canada)

Good Neighbour Program

(GNP)

Local Economic

Engagement Strategy (LEES)

Community Investment

Stakeholder consultations

Canada-specific protocols, local execution and practices

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• The Good Neighbour (GNP) Program adds consistency, process and a practical approach to managing our risk across our North American Operations.

• The GNP addresses the need to proactively address and mitigate these impacts to reduce stakeholder risk, and maintain our social and regulatory licence to operate.

• The GNP has been implemented across Talisman’s North American Operations (Canada and US) and in Poland.

• The GNP is a field based initiative.

Talisman’s Good Neighbour Program

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• Key Commitments:– Roads – Speed, traffic, school bus

schedules– Dust- Dust control for roads in close

proximity to residences– Noise - No Retarder/Jake brakes within

town limits– Weeds - Assess existing weeds,

undertake weed control– Lease Maintenance - Controlling litter on

lease sites, roads

Good Neighbour Program – Key Points

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Developing Communities Through Sharing Benefits

The Local Economic Engagement Strategy is key to Talisman’s operations and is a tangible demonstration of our commitment to local communities impacted by our activities:

1. Investing in local economies;

2. Proactively engaging local contractors in our operations;

3. Training to increase capacity of local communities;

4. Local KPIs - set targets, and measure, track and report these results to our stakeholders.

In 2011, Talisman spent $ 1.5 billion with local vendors across Canada.

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Case Study: Aboriginal Engagement in Canada• Aboriginal and treaty rights are recognized and affirmed by the Canadian Constitution • Talisman’s approach to Aboriginal engagement is based on the principles described in our

Aboriginal Relations Guidelines• Talisman works with Aboriginal and indigenous communities in an honest and respectful

manner to build strong relationships • Our work with Aboriginal communities focuses on:

– Consultation and community engagement; – Economic engagement and capacity building – e.g. Talisman entered into a business

arrangement with Black Diamond Cygnus, an equity-based partnership involving West Moberly First Nation to supply services in Montney.

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Case Study: Farrell Creek Water Pipeline Consultation Process

• A key component of our long-term water sourcing strategy in our Farrell Creek Operations (Montney Shale Play) of BC is the water pipeline from Williston Reservoir to our Farrell Creek operations

• The water pipeline allows Talisman to reliably and sustainably source water without utilizing shallow water wells and shallower surface sources. This in turn significantly reduces water truck traffic through Hudson’s Hope

• Talisman received a permanent water license for Williston Reservoir in July 2011 and completed the construction of a permanent water intake structure and pipeline later that year

• Talisman received all necessary approvals from the appropriate regulating bodies, including the BC Oil and Gas Commission (OGC) and the BC Ministry of Environment and the Ministry of Forests, Lands and Natural Recourse Operations

• Project received letters of support from the District of Hudson’s Hope and a First Nations Community.

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Map of Farrell Creek Development, Montney Shale Play, British Columbia, Canada

Key pipeline stakeholders: •Aboriginal groups•Landowners•Other industries•Non-indigenous communities•Various levels of government•Regulators

Case Study: Farrell Creek Water Pipeline Consultation Process, cont.

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• A key success factor for Talisman in Poland has been the implementation of a community relations programme, based on our Canadian experiences, well in advance of the start of operations

Community engagement in Poland

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Community engagement in Poland, cont.

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Community engagement in Poland, cont.

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