As a result of the meeting on June 5, 2014 devoted to the efficient and safe Arctic development, the President of the Russian Federation has ordered the oil companies developing the Arctic continental shelf of the Russian Federation in the inland sea water, in the territorial sea and contiguous area to develop and adopt biodiversity concervation programs (item 4 of the list of orders PR-1530).
To execute this order PJSC LUKOIL has developed and approved a Biodiversity Concervation Program as mandated by the Company's Order No.136 as of July 23, 2015. The Program was developed based on legislative and other applicable regulations with regard to biodiversity protection, and joint recommendations of the United Nations Development Program, the Global Environmental Fund, Russia's Ministry of Nature and WWF Russia (hereinafter referred to as the Project). The Program was presented at the Project site on July 28, 2015 and approved by the expert community, including representatives of Russia's Ministry of Nature, WWF Russia, VNII Ecology and others.
The Program includes PJSC LUKOIL's principles and approach to preserving biodiversity as well as the requirements for the preparation of documents, impact assessment and development of measures to preserve biodiversity for the Company's offshore production assets in the Arctic zone of the Russian Federation. While developing the Program, the Company used the experience gained while developing fields on the Baltic and Caspian Sea shelf, where PJSC LUKOIL is investing heavily in environmental safety. The "zero discharge" principle is being implemented consistently, including other measures aimed at preserving and restoring the biodiversity of off-and onshore ecosystems. Standards and approaches to environmental safety used by the Company while developing offshore fields have proved to be efficient, and have been commended both by the Russian and international expert community.